INDIA'S RUPEE BAN EXPLAINED IN LESS THAN 7 MINUTES
A short and easy explanation into the ban and replacement of the famous 500 & 100 indian rupee note. Talking points are the effect on the economy along with a breakdown of the timeline of these events.
Comments
At the G20 meetings, there were discussions behind the curtain about eliminating currency. This cannot begin in the USA because the dollar is the world currency even physically. We are looking at 2017 being the year for the start of electronic money in some countries. They are adapting a new banking system by September 2017 to provide instant transfers. The fraud is already moving away into that area and less on the credit card issue. If they can tap into the electronic instant transfers, they will hit a gold mine. Modi is pushing India against the wall to move into this new world of electronic money, which they hope to have running by 2018. Everything will change. The big question is whether Trump will go along with this agenda that Obama began and raise taxes even more. Modi is not doing this in isolation. He is trying to get India up to par with the other countries moving electronic. There are ongoing discussions and India is being watched very closely. If this works in India, they will adopt this forced measure by 2018 in many countries. Europe will probably be next.
good explanation. thanks!
brilliant video
I've been working in India for for past 3 months and it is still chaos. People queing for hours at ATMS which are only giving out the 2000rs notes, only problem is nobody wants to give out change when you are buying things so they are also worthless.
Well explained. Thank you
omg great video
Great video but auto focus made me feel ill lol
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thanks for the great video.
I feel sorry for the poor people, I can't imagine if they already saving the money for a years in a piggybank and suddenly the cash can't be used and they don't have a chance to change the new because its out of stocks.
Very informative. More videos like this would be awesome as well.
great video! more off this plaese!
I never thought you were connected to india in some way, The trading community here in india is not so developed. We do follow you and watch each video of Astro Fx and hope someday we also will join you. By the way your explanation was correct. Hope so you will have awesome time here.
Thanks for the vid Nat To address this scam BS up there 👆🏽 I've made money off the back of Astrofx trades that helped me in a very tough time so thanks for that!
Modi is pushing India against the wall to move into this new world of electronic money, which they hope to have running by 2018. Everything will change. The big question is whether Trump will go along with this agenda that Obama began and raise taxes even more.
Modi is not doing this in isolation. He is trying to get India up to par with the other countries moving electronic. There are ongoing discussions and India is being watched very closely. If this works in India, they will adopt this forced measure by 2018 in many countries. Europe will probably be next.