India Discontinued The Old Version Of Large Banknote &#34, Seriously Injured &#34, And Shaoxing'S Textile Enterprises.

In order to crack down on corrupt money laundering, we urge everyone.

India Prime Minister Modi suddenly announced on the evening of 8, 500 rupees and 1000 rupees two bills of large denomination will be "instantly abandoned" at midnight. All ATM ATM machines will be suspended on 9 and 10 June two.

At the same time, it will issue 500 new rupees and 2000 rupees.

Recently, the head of a textile enterprise in Keqiao was fidgety. In November 8th, India Premier Modi suddenly announced that he would stop using 500 rupees and 1000 rupees two large denomination banknotes.

Influenced by this new deal, many normal bilateral trade orders have been disrupted.

The reporter learned from the Shaoxing customs that in the 1~9 months of this year, the total number of imports and exports of Shaoxing along the "one belt and one road" area was 54 billion 110 million yuan, and India accounted for more than 11%, showing a steady growth year by year.

The industry is worried that "Moody's New Deal" will have a negative impact on bilateral trade.

The reporter consulted the relevant personages of the municipal commercial bureau, who said that "Moody's New Deal" affected not only the textile industry, but all the import and export businesses related to India.

But this difficulty should be temporary, and believe that the impact will soon be over, and the relevant textile enterprises need not worry too much.

Indians have the habit of hiding cash.

Mr. Zhang told reporters that he had been to India.

It is found that the local business people basically use cash to settle accounts, and their yard and car reserve will have large amounts of cash.

Modi's policy is equivalent to making money in many homes pparent at once.

Mr. Zhang's export business is 70%.

There are more than 10 customers in India.

"Basically, every other day, there is a container fabric exported to India. Now India customers have no time to do business, and India's market is also in a state of suspension.

Yesterday, there was a container coming out. It had been stopped urgently, and there were four waiting cabinets in the storehouse, which could only be shelved.

More importantly, Mr. Zhang still has 2 million dollars in the India market.

"A few days ago is the most important holiday in India -- Tiwari, everyone is busy with the festival. The original payment will be fought after the holidays, but now the India customers have said that there is no way to make the remittance on time."

Like Mr. Zhang, Mr. Yang, the general manager of another textile trading company in Keqiao, is also very worried.

Mr. Yang looked at the news and learned that Indians could exchange the old large money to the bank or post office by December 30th, but they had to register, explain the source of currency and fill in many documents. The process is very complicated.

"By the end of the year, many suppliers on my side are waiting to check out. If India businessmen can't pay later, my capital flow will also be affected."

Mr. Yang said with anguish.