Treasury Office spokeswoman Dawn Selak mentioned in a press release late Tuesday that the cash payments were being required due to “performance of U.S. and international sanctions,” which isolated Iran with the international finance program.
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Even though info unveiled by RBI in Nov 2021 confirmed that cash circulation in India has basically increased considerably considering that demonetization and demonetization hasn't automatically converted cash customers to digital customers.[271]
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A jewellery retailer in the shopping center which has a discover "We take ₹500 and ₹1,000 notes", even after they had been not valid banknotes. There were reports of people circumventing the restrictions imposed on Trade transactions by conducting multiple transactions at various bank branches, and by sending employed people, employees, and followers in groups to Trade massive amounts of demonetised banknotes at banking institutions.
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To begin with next demonetization, routines and attacks because of the Maoist Naxalite radical teams decreased, which was attributed to insufficient finance pursuing demonetisation.
The government mentioned more info that the principle goal with the training was curbing black money, which integrated revenue which had not been noted and thus was untaxed; cash acquired by means of corruption, unlawful merchandise sales and unlawful functions for instance human trafficking; and copyright forex.
Other stated aims provided expanding the tax foundation and rising the amount of taxpayers; decreasing the volume of transactions completed by cash; decreasing the funds available to terrorists and radical teams such as the Naxalite Maoists; and integrating the official and informal economies.[fifty eight][59][60]
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Planet & Nation Choose suggests Trump administration can’t use journey ban to help keep 80 refugees out from the U.S.
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