How will banning of notes affect the huge amounts of black money is Swiss banks and tax havens?
Now what will happen to black money deposited in Swiss and other banks after banning of current Indian currency notes?
What happens if a person with lots of black money in ₹500/1000 notes uses many persons' bank accounts to convert it to white? What will happen if everyone withdraw there money from the bank? In which currency do people store money in Swiss banks? What is the advantage of storing there? Is black money prevalent only in India? If not, then is there any country which has successfully curbed the black money by demonetisation? How much of demonetized money, might not come back to the banking system? What is the total amount of money deposited till now in Indian banks after demonetisation? If black money is being stashed abroad, and fake currency from elsewhere is entering our system simultaneously, how does it affect the economy? Does one cancel out the effect of the other? What would happen if the US stopped using money as a currency? Dollars, gold, silver, everything How much money has come into banking system till date due to demonetization of currency? In what circumstances central banks can print money? What if the banking system gets corrupted following demonetisation? Would anything happen to my cash in a US bank account if the US dollar crashes overnight? Does the currency ban in India curb future corruption? What actually happens when I deposit money in the bank? Indian Political parties can deposit old currency notes, just it need to be under 20,000 per deposit, is this not how black money laundering works? In what circumstances do the central banks print money? Who are the uncommon people you have seen depositing money after Demonetization of 500 and 1000 Notes? What will happen if everyone went to bank and withdraw all their money? Can I exchange 500Rs and 1000Rs notes in any bank after the new Move by Narendra Modi? What is the way to overcome the threat of payment banks by public sector banks? Which bank in the US offers accounts denominated in euros? Currency ban and its implications? What are the serious disadvantages of demonetization of currency notes in India? How will the INR-USD exchange will be affected by the demonetization of ruppes 500 and 1000 old currency in India? What would happen if all national debts were erased overnight, and sovereign borrowing was made permanently illegal? What consequences can I face If I deposit someone else money in my account? Does the currency ban in India take any steps to curb future corruption? How do I open a Swiss bank account from India? WIll US banks accept and exchange discontinued 500 and 1000 Indian rupee notes? Will the Government of India lose money on exchanging 500 and 1000 notes with new ones or with 100 notes?