The traders' decision to shut down shops indefinitely from Tuesday in the wake of the currency shortage will not make any impact. Traders are a class that find joy in fishing in troubled waters. And it is the practice of them to open shops just after one day, if closed.
It is some unscrupulous traders, business men and bank managers who are responsible for the extraordinary outflow of fake currency in the country. The present demonetisation of Rs 1000 and Rs 500 notes will give real value for hard earned money and boost our economy.
Meanwhile the government can make more arrangements to reduce the shortage Rs 100 and Rs 50 notes. Like commercial banks the co-operative banks and societies also should be permitted to deal with currency collection and distribution.
K A Solaman
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