97% of demonetized currency returned to RBI in India
When demonetizationw was announced , media reports said that the indian government expected only 70-80% of the demonetized currency to be returned and it would make a profit, as 20-30% of the currency would not be returned. However in reality, bloomberg has reported that 97% of the old currency has been returned , mainly because of the extremely incompetent dishonest government employees , many of whom have fake resumes, fake experience, and are unable to detect financial fraud until it is too late. Due to extremely high levels of nepotism and corruption , a huge amount of indian tax payer money is wasted in stalking, hounding, cheating, exploiting and torturing harmless indian citizens, falsely claiming that are involved in tax evasion, though the incompetent officials cannot find any proof at all, after 6 years of stalking and defaming an innocent harmless person.
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