Demonetisation nightmare The lightening and surprising move of demoneetisation took Indians unawares.Did it serve the purpose of death knell for counterfeit currency and strike at the roots of terrorists the avowed aim.?.In all accounts both continue to flourish with imputinity with little or no impact.The pain and agony has been for ordinary citizens .They stood in lines for days and hours , died of exhaustion to withdraw a paultry amount a day.Those that exchanged crores of rupees from the comforts of their homes and even at midnight on the day of announcements had the last laugh.Special permission had to be sought for weddings and receptions beyond permissible limits. Experienced and wise economists and past Govt .had exercised refrained contrary to the wisdom of the Govt under the garb of consultations.There has never been public declaration about return of amount, unaccounted money in circulation and costs of reprinting and distribution.All that we know is that the black money has turned beautifully colourful.Trade and economy has been shattered ,devastated and taken a beating by this regressive, ill-advised decision.While Rs 1000 notes were withdrawn Rs 2000 notes were pressed into circulation .England the highest denomination note is 50 Pounds and dollar is 100. The undeclared objectives and reasons then and now were ostensibly to hit circulation of cash that easily influence voters.Exchange of crores continued silently under suspicious clauses and will also continue even after deadline of 30 Sept.23 It was definitely an unwise move that caused agony and torture to Indians holding legitimate small amounts . Hope a day in future will have collectors demand for the rare Rs 1000 and Rs 2000 notes.
Nelson Lopes Chinchinim https://lopesnelsonnat.wordpress.com Nelson Lopes Chinchinim https://lopesnelsonnat.wordpress.com