It is recently brought into equation that the decision to demonetization by India has helped its ultimate global core work into procession and the world equality of the system. The news had been certainly brought into effect that there are certain nations which wish to follow the move to deplore the corruption and high amount of black marketing and it down controls in their own national scenarios.
However, Venezuela's president shocked everybody in the nation in this the previous week that the Bolívar in the nation would be totally demonetised so all black money looters would be captured. It has been brought to light recently that due to the damage of oil economy and lots in the economic world by black agents have deplored the Venezuelan identity in the thinnest part of world's economic map thus the move by Maduro who is the president of Venezuela seems to make an impact in the economic boost for the nation.
However nobody seems to deny that the nation has multiple challenges when it comes to the implement of demonetization, so let's think of them while other nations might be alarmed by the consequences even before applying demonetisation, though. The first of them comes as the economic maturing of the money as a national equity for people who would have to throw away all their holdings which can deplore to the thinner position of Venezuela. The other is the socials and murders which would cause high altitudes thus it would also pain Venezuela.
However, the last one is most concerned that due to this demonetization some of the national high applying citizens may leave the country to those areas or nations who are blamed by Venezuela to affect the economy thus it needs caution before the application of demonetization is being composed in this South American nation.
All in all, it is good to look how the other nations work, but it is necessary to look the consequences, We hope that Venezuela may think of better leads, Till then let's hope that there won't be more suicidal and murders and Venezuela may think of the different recession in the context of control for the Black economy around...
Also Read:
No official estimation of black money either before or after the...
Balance Deposits still Abate in Certain Jan Dhan Bank Accounts
Note ban likely to fetch government Rs 2.5 lakh crore: KV...