In Switzerland and Denmark the interest rate is - 0.75% (negative). . ....... this means Swiss and Danish citizens have to PAY the Banks to keep their money.
In Sweden the interest rate is - 0.35% (negative) ... they too PAY the bank to keep their money.
In Japan and rest of Europe the central bank Interest rate is 0% .... people are just thankful that they have agreed to keep the money in the bank for free.
In the US the interest rate is 0.5%.
In India, Banks offer 7.5 % interest rate on FD if you put your money in the bank.
Ever wonder why investors in Europe, US and Japan do not rush to India to simply park their money and live off the interest?
THIS is what monetary reforms should be all about.