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Message: <blockquote data-quote="Asmodeus" data-source="post: 30434569" data-attributes="member: 583013"><p>Why they want to cancel those notes, my theory is that It seems that the current situation has become something unexpected that can tend to worsen. The government's last tax reform caused a 40 billion rupee tax deficit, and the new withholding tax and high inflation mean that you should not keep your money in the banks. And wealthy people tend to invest in the stock market. This is quite evident in the sudden high activity in the CSE. So, this means that the government noticed a sudden drop in savings, and they are worried about the situation. So the government tries to obtain that cash in hand that people have by saying they will be cancelling out old notes.  <img src="/styles/default/xenforo/smilies/default/rofl.gif"  class="smilie" loading="lazy" alt=":rofl:" title="ROFL    :rofl:" data-shortname=":rofl:" /></p></blockquote><p></p>

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