INDIAN BLOCKED CURRENCY AT OVERSEAS
GLOWBAL PLANING TO CHANGE OLD NOTES
Indian currency only circulates in India then you are completely wrong. Yes, there are some other countries too where Indian currencies circulate. And for visiting these countries you don't need to exchange your currencies. So, easy na… These countries use Indian currency for purchasing, tourism and for business purpose. But the sudden announcement of note ban in India has trouble these countries as well. So, check out the list of those countries where Indian currencies circulate...
Indian Rupee Runs In These Countries As Well, Is There An Opportunity To Settle Your Old Currency There.In this list the top most name is of African country. Yes, Zimbabwe is a country where you can easily use Indian currency. The strange this is that Zimbabwe is 7,000 kilometers away from India. In the year 2014, Reserve Bank of Zimbabwe included Indian currency among Asian currencies.Earlier, Zimbabwe government has also included Chinese and Japanese currency in Asian currencies. Currency of Zimbabwe is Zimbabwe dollar but in comparison to that Indian currency has much value there. The value of 1 rupee is equals to 5.34 Zimbabwe dollars over there.Not only Zimbabwe, but Indian currency also circulates in the neighboring country of India, Bhutan. According to the Bhutan Bureau, Indian people who are residing in Bhutan use Indian currency in daily life. But here, only currency notes of Rs. 50 and 100 is circulated and there is a ban in 500 and 1000 currency notes.In Nepal also people use Indian currency for the purpose of shopping, traveling and staying. Here also there is ban in use of 500 and 1000 Indian currency notes, just like Bhutan. The currency of Nepal is Nepalese rupee but its value is less than Indian rupee. 1 Re. of Indian currency is equals to Rs. 1.60 of Nepalese currency.After demonetization people of other countries of the world are also facing troubles. Especially, people of Singapore and Dubai because Indian people who are living there and people who have gone to visit these countries are not able to get their currencies exchanged and this is causing major trouble to them.On the other hand neighboring countries of India, Nepal and Bhutan is also having trouble as the central banks of both the countries holds significant amounts of Indian rupees with them and this sudden note ban has also put them on trouble and they are seeking help from Reserve Bank of India.Similary, Zimbabwe is under pressure after this note ban of 500 and 1000 Indian currency notes as there also banks have good amount of Indian currencies with them. Officials of central banks of Zimbabwe have contacted RBI to seek further help and information regarding this note ban.Sudden ban of 500 and 1000 notes has shaken the Indian economy as the large amount of money has gone wasted. Similarly, economy of these countries and other countries of the world affected by this and they need some time to get over from this major problem and run their economy smoothly like before.The post Indian Rupee Runs In These Countries As Well, Is There An Opportunity To Settle Your Old Currency There appeared first on Stress Buster.