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old notes selling at a top rate in Kolkata market

TOI noticed men sitting with wads of latest foreign money notes within the shops dotting the buying and selling hub. They had been there a month ago too, but then they have been handing out anything between Rs 800 and Rs 850 in alternate for a be aware of Rs one thousand in previous denomination. The sudden reverse alternate may stump commoners however those in the comprehend say it has been prompted by using shell firms who need to shore up ‘money in hand’ of their steadiness sheets that express huge paper transactions. town’s accountancy fraternity sees this as a bid to justify the paper transactions prior to the 1/3 quarter ends on December 31.

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