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Prime Minister Narendra Modi's transfer of demonetization drive no doubt will carry out all the black cash however this has prompted panic among the general public. The ban, introduced by Prime Minister Narendra Modi on 9/11/2016, has been met with wild shock virtually throughout the board and the effect was virtually instantaneous. After issuing the ban, the prime minister categorically said that the notes in question were the centerpiece of all unlawful money dealings within the country and, therefore, سعر الذهب في الكويت wanted to be dealt with to curb the rampant black money actions. Worth noting too is the fact that the ban on Rs 500 and 1000 denominations will hardly have an effect on the opposite varieties like money alternate in the black market, notably gold, jewelry, and land. India's black market is a melting pot of among the country's largest illicit deals including corruption, laundering, human trafficking, and a bunch of different shoddy activities involving unaccounted cash. However, analysts also acknowledge that there might be unfavorable consequences within the short term, particularly to a large portion of the country's working class as well as rural business institutions. The asset class status would give the Indians the prospect of capitalizing gold and making it as liquid as the inventory of any listed agency.

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