After flooding Indian markets with cheap manufactured goods, China is now indulging in a competition of different sorts – flooding the country with fake currencies! As usual, the quality of currencies is not good. Our economists fear that at this rate China may take over RBI too. Mr. Subba Rao, please be careful.
One advice for the Chinese – why circulate currencies in India? Instead, you might as well deposit them directly in Swiss banks thereby avoiding logistics hurdles for our leaders!
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