modi's note ban will effect international trade in india

November 21, 2016 10:16pm CST
i think narendra modi's ban on 500/1000 note in india will affect all businessess all over the world. they cannot run smoothly. is not it a sign of modi's stupidity on international trade ?
3 people like this
6 responses
@ms1864 (7002)
• Bangalore, India
22 Nov 16
what is wrong with doing online transactions? I am sure all traders have bank accounts.
3 people like this
@skysnap (17581)
22 Nov 16
exactly, none of the international traders accept cash as it is. it'd be a problem if this was 1997 but we are in 2016.. now every international transaction is through SWIFT
2 people like this
@yugocean (4537)
• India
23 Nov 16
This is news from black market, we have nothing to do with them. Ignore these people.
2 people like this
• Dallas, Texas
18 Dec
PM Narendra Modi move will take on corruption, terrorism, black money weakening the nation.
@avi256 (4031)
• Pune, India
22 Nov 16
It would have been great if you had given little explanation on what you are trying to say. If you say trade within India is affected , that is true, but International trade runs mostly on E-cash.
2 people like this
• Dallas, Texas
18 Dec
Here is a post from UCLA about the definition of E-cash:
While many different companies are rushing to offer digital money products, currently e-cash is cash is represented by two models. One is the on-line form of e-cash (introduced by DigiCash) which allows for the completion of all types of internet transacti
@silvermist (15823)
• India
18 Dec
I was not trying to say whether it is right or wrong.I am no expert.I see some blindly praising the move.Some others criticising it. Only time will let us know.May be those are ordinary people who are more concerned with trade within India who are worried
• New Delhi, India
22 Nov 16
All I can say is every thing has good and bad effects.. Atleast he tried.. We all should support him
1 person likes this
@yugocean (4537)
• India
23 Nov 16
These users are mostly fake accounts spread over online world, they are black marketers. Modi did what is the only way to do.
1 person likes this
@skysnap (17581)
22 Nov 16
International trade requires electrionic payment not cash.
1 person likes this
@silvermist (15823)
• India
22 Nov 16
@ark200 Most people are praising this move.But some are having second thoughts.
1 person likes this
• Dallas, Texas
18 Dec
I would like to learn more from this discussion so I wll be checking back to see if anything new has been added here. Have a nice day, @ark200 .
• Dallas, Texas
18 Dec
look at this article:
In a sudden address to the nation, Prime Minister Narendra Modi has announced that starting midnight, existing Rs. 500 and Rs. 1,000 notes can no longer be used for any transactions.