HomeNews listOBJECTIVE PRESSIndia removing 2,000 rupee note may spur Gold, property rush

India removing 2,000 rupee note may spur Gold, property rush

  • May 22, 2023
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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In a bid to quickly spend the 2,000 rupee ($24) notes that will be withdrawn over the next four months, Indians could snap up gold, properties and household items like air conditioners and refrigerators, according to economists. This is in contrast to the 2016 exercise, which removed almost all cash from circulation and led to long queues outside banks and automated teller machines.      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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