Friday, April 19, 2024
08:50 PM (GMT +5)

Go Back   CSS Forums > General > Discussion
Devaluing currency Devaluing currency

Discussion Discuss current affairs and issues helpful in CSS only.

Reply Share Thread: Submit Thread to Facebook Facebook     Submit Thread to Twitter Twitter     Submit Thread to Google+ Google+    
 
LinkBack Thread Tools Search this Thread
  #1  
Old Tuesday, September 20, 2016
Banned
  
Join Date: Feb 2012
Location: Karachi
Posts: 790
Thanks: 57
Thanked 288 Times in 228 Posts
sikander kalhoro will become famous soon enough
Default Devaluing currency
Rupees 10 coin is just gonna be introduced in the replacement of currency note. Previously, one, two and five rupees' notes were also replaced by silver and gold coins. What are the cons you see in the future of converting currency standard notes into coins?
Reply With Quote
  #2  
Old Saturday, October 01, 2016
Junior Member
  
Join Date: Oct 2014
Location: Chiniot
Posts: 17
Thanks: 6
Thanked 8 Times in 4 Posts
Farhan Aftab is on a distinguished road
Smile
Quote:
Originally Posted by sikander kalhoro View Post
Rupees 10 coin is just gonna be introduced in the replacement of currency note. Previously, one, two and five rupees' notes were also replaced by silver and gold coins. What are the cons you see in the future of converting currency standard notes into coins?
Our Country is going under crisis with continuity due to loan schemes of IMF AND WORLD BANK and due to enhancing corruption and no direct proper tax system i think that if proper management schemes are not made by government in next 5 years 20 and 50 currency will reslove in to coins
Reply With Quote
  #3  
Old Saturday, October 01, 2016
qublai khan's Avatar
Senior Member
  
Join Date: Apr 2015
Location: Andromada
Posts: 229
Thanks: 178
Thanked 185 Times in 125 Posts
qublai khan is on a distinguished road
Default
Quote:
Originally Posted by sikander kalhoro View Post
Rupees 10 coin is just gonna be introduced in the replacement of currency note. Previously, one, two and five rupees' notes were also replaced by silver and gold coins. What are the cons you see in the future of converting currency standard notes into coins?
Dear,
Changing the face value of currency doesn't mean that it is devaluation. Devaluation means when purchasing power of money is reduced as compared to other currencies,it is regulated by government. The unwanted decrease in purchasing power is called depreciation.

So the “redenomination” of the currency doesn't mean that its purchasing power will decrease.
Nothing will happen to our economy whether if the five thousand ruppee note is converted to coin,the purchasing power of currency depends upon market forces and government decision.


Read Chinese case of their persistent devaluation in currency.
Benefits of devaluation are limited to industrialized countries with large exports.
Reply With Quote
The Following User Says Thank You to qublai khan For This Useful Post:
sikander kalhoro (Tuesday, October 04, 2016)
  #4  
Old Saturday, October 01, 2016
Junior Member
  
Join Date: Oct 2016
Posts: 12
Thanks: 0
Thanked 1 Time in 1 Post
remnant is on a distinguished road
Default
Purchasing power is also falling
Reply With Quote
  #5  
Old Thursday, October 13, 2016
Junior Member
  
Join Date: Sep 2015
Posts: 15
Thanks: 0
Thanked 1 Time in 1 Post
sameer777 is on a distinguished road
Default
eventually dollar is also gonna crash along-with world economy
Reply With Quote
Reply

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Economic Concepts silent roar Economics 1 Saturday, September 14, 2013 03:06 PM
Economic Terminology Jamshed Iqbal Economics 0 Wednesday, November 23, 2011 01:25 AM
Pakistani Rupee's Devaluation Hina 11(MISS Einstein) Discussion 45 Sunday, November 22, 2009 04:00 PM
Economics Dictionary (A to Z) Faraz_1984 Economics 48 Wednesday, August 06, 2008 10:15 PM
European Union Aarwaa Current Affairs Notes 0 Sunday, April 20, 2008 10:34 PM

CSS Forum - Privacy Statement - Terms of Service - Top

CSS Forum on Facebook Follow CSS Forum on Twitter

Disclaimer: All messages made available as part of this discussion group (including any bulletin boards and chat rooms) and any opinions, advice, statements or other information contained in any messages posted or transmitted by any third party are the responsibility of the author of that message and not of CSSForum.com.pk (unless CSSForum.com.pk is specifically identified as the author of the message). The fact that a particular message is posted on or transmitted using this web site does not mean that CSSForum has endorsed that message in any way or verified the accuracy, completeness or usefulness of any message. We encourage visitors to the forum to report any objectionable message in site feedback. This forum is not monitored 24/7.

Sponsors: ArgusVision   vBulletin, Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.