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After the decision to withdraw it.. Indians activate sales outlets with 2,000 rupees notes

Indians are stepping up their purchases of daily necessities and premium brands using soon-to-be-drawn Rs 2,000 notes, aiming to avoid the need to exchange or deposit them in banks.
The Indian Central Bank had announced a few days ago that “the country’s largest monetary denomination will be withdrawn from circulation by the end of next September,” without specifying the reason for this step, which comes before the government and general elections in the country.
Since the weekend, people have crowded the outlets to spend with the said 2,000 rupee notes, equivalent to $24.46, to avoid the hassle of queuing at banks to exchange them or calling the tax department for scrutiny by depositing large sums.
An opportunity to increase sales

In turn, the stores received the matter with passion, and saw the consumers’ decision to deal with that banknote as an opportunity to increase their sales, as many of them said. They emphasized that «there is no fear; They will deposit these amounts in one payment before September 30th.

Michael Martis, Rado Store Manager in Central Mumbai, said: “His store has witnessed a 60-70% increase in 2,000-rupee notes since the last central bank announced its withdrawal, which has led to an increase in the store’s watch sales to 4 pieces per day of one or two pieces. two.”
However, others expressed their dissatisfaction with the decision, and a restaurant owner in south Mumbai said: “I do not accept, and I will not accept, and I do not want to get involved in the problem of depositing it in the bank.” (Reuters)

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