Pakistan needs to Expire all Currency Notes and Bring New Currency, to force hidden money to apear

[AZADPAKISTAN2009]

Pakistan needs to Expire all Currency Notes and Bring New Currency, to force hidden money to appear

Corrupt people have stashed up money in their Village Hawali , or their Barn Yard or their Condo apartment or in one of their 100 homes

Solution is Simple

• EXPIRE THE CURRENCY NOTES

Step1 : 40 Days Notice to Expire all the all currency notes , which are in Public Hands
After 40 Days the currency will not be exchangeable


Step2: Bring an Amnesty Scheme , to pay 80% of Tax on funds and deposit it legally in Bank Accounts


Step 3: Record your employment History for Last 10 years

STEP 4 : Introduce new paper currency

Step 5:

Government should use the funds to purchase Gold in Open Market
Government should use the funds to purchase Silver in Open Market

Start paying all Government Employees in Gold/Silver Coins
and slowly expand to private sector

• Introduce a Gold/Silver Coin , regular coin covered with gold layer (Value around $100 Dollar)
• Gold never loses it's value drastically it can always be melted and Gold can be recovered

Gold Coin from 1976

500 Rupee Gold Coin

1,000 Rupee Coin

1 Pakistani Dinar = 1 Dollar value of Silver Coin
25 Pakistani Dinar = 25 Dollar worth of Silver Coin
50 Pakistani Dinar = 50 Dollar value of Silver Coin
100 Pakistani Dinar = 100 Dollar value of Silver Coin
500 Pakistani Dinar = 500 Dollar Value of Gold
1000 Pakistani Dinar = 1000 Dollar worth of Gold

 

[delta2]

Step 1 must be to hang all politicians and bureaucrats involved in tier one corruption and confiscate ALL of their wealth.

 

[AZADPAKISTAN2009]

Well it is not overnight I said 30-40 Days notice to change your notes

• Honest Pakistani Citizen will at most will have 2-3 Lakh Rupee , earned from his work
• Someone Crook will have 3 Crore to 10 crore or more

Pakistan does not have resources to go home to home , door to door to check which Crook has 10 crore hiding in their closets

What we can do and should do is "EXPIRE" all notes with in 30-40 days, The crooks will be forced to come forward and forced to deposit their stolen cash into Banks accepting to pay the 80% tax owed ....get 20% discount deal


Government can bring in in new currency notes .........(replacement notes)




People can Open a Bank Account and deposit the Funds in Bank and get new notes when they withdraw funds in future (at regular controllable pace)

Example:
Ishac Dar, has stashed 25 Crore in currency notes in Pakistan , kept in 5 secure safes across his many properties. In order to get new notes he will 100% have to deposit all 25 crore in bank account.

a) He comes to bank , and pays Taxes (15%) due on the money as he has no paper trail
comes to about 3 Crore Rupee Tax paid money reclaimed by Pakistan

b) He gets a receipt of Tax payment
c) He can withdraw funds in new currency (brief 20 day wait once new currency notes come available)

 

[POPEYE-Sailor]

Your ideas will not work, why did u put ur effort on base less thing..! bro stop thinking about new idea on pak economy.

 

[OldenWisdom...قول بزرگ]

"IF" Pakistan makes gold as its currency or pegged with gold it doesn't need dollar to do business! Any currency interchangeable in gold is automatically liquid worldwide.

 

[AZADPAKISTAN2009]

Dollar is at fake level should be 1 Rupee = 250 dollar ratio

 

[Sugarcane]

1. Ask people to open bank accounts and keep money in banks
2. Make payment terminals duty free and ask bank to provide cheap credit/debit card payment services
3. Introduce 100,000 PKR, 50,000 PKR, 10,000 PKR Treasury bills which should be for banks only to make inter-bank payments and settlement - Central banks must have system to keep track of movements and current ownership of these treasure bills.
4. Make any single cash transaction exceeding PKR 10K illegal.
5. Implement daily cash limit of PKR 100K for business, and PKR 1000 for individuals to force them to give up cash.
6. Give people timeline to deposit their hoarded cash into banks and after that implement cash deposit limit of PKR 100K for business per day, and 25K per month for individuals.
7. One fine day, just announce that notes of 5000, 1000, 500 are discontinued and maximum note will be PKR 100, for minor cash requirements. People having these notes may be allowed to deposit in their bank accounts.

After that you will have
1. Bank data to find out tax evaders.
2. Get ride of fake currency notes headache once for all
3. Get ride of bank robberies as there will be not much benefit of looting and having cash
4. Get ride of cash hoarding
5. Control over corruption as you will be able to trace money trail at-least within Pakistan.
6. Control over black economy

 

[KAMDEV]

Pakistan needs to Expire all Currency Notes and Bring New Currency, to force hidden money to appear

Corrupt people have stashed up money in their Village Hawali , or their Barn Yard or their Condo apartment or in one of their 100 homes

Solution is Simple

• EXPIRE THE CURRENCY NOTES

Step1 : 40 Days Notice to Expire all the all currency notes , which are in Public Hands
After 40 Days the currency will not be exchangeable


Step2: Bring an Amnesty Scheme , to pay 80% of Tax on funds and deposit it legally in Bank Accounts


Step 3: Record your employment History for Last 10 years

STEP 4 : Introduce new paper currency

Step 5:

Government should use the funds to purchase Gold in Open Market
Government should use the funds to purchase Silver in Open Market

Start paying all Government Employees in Gold/Silver Coins
and slowly expand to private sector

• Introduce a Gold/Silver Coin , regular coin covered with gold layer (Value around $100 Dollar)
• Gold never loses it's value drastically it can always be melted and Gold can be recovered

Gold Coin from 1976

500 Rupee Gold Coin

1,000 Rupee Coin

1 Pakistani Dinar = 1 Dollar value of Silver Coin
25 Pakistani Dinar = 25 Dollar worth of Silver Coin
50 Pakistani Dinar = 50 Dollar value of Silver Coin
100 Pakistani Dinar = 100 Dollar value of Silver Coin
500 Pakistani Dinar = 500 Dollar Value of Gold
1000 Pakistani Dinar = 1000 Dollar worth of Gold

Pakistan needs to Expire all Currency Notes and Bring New Currency, to force hidden money to appear

Corrupt people have stashed up money in their Village Hawali , or their Barn Yard or their Condo apartment or in one of their 100 homes

Solution is Simple

• EXPIRE THE CURRENCY NOTES

Step1 : 40 Days Notice to Expire all the all currency notes , which are in Public Hands
After 40 Days the currency will not be exchangeable


Step2: Bring an Amnesty Scheme , to pay 80% of Tax on funds and deposit it legally in Bank Accounts


Step 3: Record your employment History for Last 10 years

STEP 4 : Introduce new paper currency

Step 5:

Government should use the funds to purchase Gold in Open Market
Government should use the funds to purchase Silver in Open Market

Start paying all Government Employees in Gold/Silver Coins
and slowly expand to private sector

• Introduce a Gold/Silver Coin , regular coin covered with gold layer (Value around $100 Dollar)
• Gold never loses it's value drastically it can always be melted and Gold can be recovered

Gold Coin from 1976

500 Rupee Gold Coin

1,000 Rupee Coin

1 Pakistani Dinar = 1 Dollar value of Silver Coin
25 Pakistani Dinar = 25 Dollar worth of Silver Coin
50 Pakistani Dinar = 50 Dollar value of Silver Coin
100 Pakistani Dinar = 100 Dollar value of Silver Coin
500 Pakistani Dinar = 500 Dollar Value of Gold
1000 Pakistani Dinar = 1000 Dollar worth of Gold

Failed modi formula .
Public joote maregi.

 

[Yaseen1]

I support your opinion if paper currency is replaced by gold and silver coins.Another concept is to use currency coins with simcard like chips so govt agencies can detect money illegaly stored and west is working on it already and it may be future currency of world .

 

[Laozi]

You know because overnight demonetization worked so well across the border. We must also commit financial suicide like them idol worshippers!

This finanacial suicide had two positive side effects on the economy though it did set the economy back. And it took few quarters for economy to get back and gather the momentum

Dramatic increase in Tax Filers
Quantum increase in traceable digital trasactions

Pakistan could go for demonitization in a more planned way to reduce the ill-effects faced by India

 

[War Thunder]

Start paying all Government Employees in Gold/Silver Coins
and slowly expand to private sector

• Introduce a Gold/Silver Coin , regular coin covered with gold layer (Value around $100 Dollar)
• Gold never loses it's value drastically it can always be melted and Gold can be recovered

Gold Coin from 1976

500 Rupee Gold Coin

1,000 Rupee Coin

1 Pakistani Dinar = 1 Dollar value of Silver Coin
25 Pakistani Dinar = 25 Dollar worth of Silver Coin
50 Pakistani Dinar = 50 Dollar value of Silver Coin
100 Pakistani Dinar = 100 Dollar value of Silver Coin
500 Pakistani Dinar = 500 Dollar Value of Gold
1000 Pakistani Dinar = 1000 Dollar worth of Gold

As much as I appreciate this and will welcome any attempt at bringing the real currencies of Golden Dinar and Silver Dirham, to eliminate economic injustice, theft and Ribbah.

We all know the next thing we will have is the Nato wanting to bring democracy back to Pakistan through bombs and nukes.

I would still have our men stand up like men and do what God wants of them, and to die as men if need be, to deserve His support, but unfortunately we lack those men at the helms for now.

I support your opinion if paper currency is replaced by gold and silver coins.Another concept is to use currency coins with simcard like chips so govt agencies can detect money illegaly stored and west is working on it already and it may be future currency of world .

Yes an excellent way to bring every living soul in the control of teh govt, and give away any freedom in exchange for enrolling oneself to the matrix.

Open up your mind ffs and see what's going around the world and why govts seek that kind of control over the population.

 

[Yaseen1]

As much as I appreciate this and will welcome any attempt at bringing the real currencies of Golden Dinar and Silver Dirham, to eliminate economic injustice, theft and Ribbah.

We all know the next thing we will have is the Nato wanting to bring democracy back to Pakistan through bombs and nukes.

I would still have our men stand up like men and do what God wants of them, and to die as men if need be, to deserve His support, but unfortunately we lack those men at the helms for now.




Yes an excellent way to bring every living soul in the control of teh govt, and give away any freedom in exchange for enrolling oneself to the matrix.

Open up your mind ffs and see what's going around the world and why govts seek that kind of control over the population.

You are rights these signs show how dajal will control economy through govts affiliated with him

 

[graphican]

Should not print Kalima Tayyaba on currency notes or coins.

 

[Dubious]

Your ideas will not work, why did u put ur effort on base less thing..! bro stop thinking about new idea on pak economy.

Stop discouraging the lad!

I like reading when Pakistani people can think outside the box! You dont like to read it stay away from his threads. Simple! But dont discourage my people!

 

[fitpOsitive]

Step 1 must be to hang all politicians and bureaucrats involved in tier one corruption and confiscate ALL of their wealth.

Direct hanging? All?