India Economy Falls into Chaos – Dollar Rise in Huge Demand

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armstrongeconomics.com /  by Martin Armstrong / Nov 25, 2016

US dollars are mountainous in premiums on a street. There is a critical risk that a supervision has jarred a certainty of a people to such a degree, that they trust a US dollar some-more than their possess currency. Prime Minister Narendra Modi has come out an pronounced a banking changeover could still take a few weeks and could lead to inconveniences, according to a repository Brics. The Indian economy is a rarely income transacted economy distant some-more so than a United States and Europe. The supervision has brought a economy to a probably standstill. Food stores are tighten to shutting since a business have no money. Small and medium-sized enterprises have stopped functioning because a invoices are not paid for.

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