The value of Pakistani currency is low and at risk of degradation in the global trade market. In an inflationary environment, unevenly rising prices reduce the purchasing power of some consumers, and this erosion of real income is the single biggest cause of inflation. Due to inflation, the central bank needs to print bigger currency notes. Due to this big value note, the ease of cash transactions will become easier. Besides this, many people run their businesses without paying any tax which helps in the growth of black money. On the other hand, this untraceable notes transaction helps to promote corruption too.
I would request our honorable prime minister Shehbaz Sharif and also finance minister Ishaq Dar to ban large amounts of currency notes or platinum coins both of which are degrading the value of our currency and leading us to a downfall in international trade or market. Ban on those currencies will have a positive impact on Pakistan's economy and the value of currency will increase in Pakistan.
Mubashir Khalid
Gomal University, Dera Ismail Khan
CNIC NO: 38102-8883413-7
Contact NO: 03139747577
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