W3Schools

Pakistani politicians want to ban large notes, say they can do it better than India

After India took the radical step of voiding the majority of its currency overnight to cut corruption and the nation’s reliance on cash, other countries with similar problems have been watching closely.

Venezuala already followed suit by taking nearly half its bank notes out of circulation and now some politicians in Pakistan, India’s rival and neighbor, want their country to do the same.

Read:Indians living overseas stuck with banned rupees

The upper house of Pakistan’s parliament this week recommended the withdrawal of the country’s highest denomination currency note to counter corruption and criminal activities, and help document the country’s large informal economy.

>>> Original Source <<<

Comentários