Chapter 1167 Counterfeit Money? (Please Subscribe!)

Burmese.

Save time.

A province in northern Myanmar.

There is a long border with India. Therefore, there have always been 'disputes', not military, but small frictions on the land. The Indian side often moves the boundary markers a few hundred meters here.

Variety of vegetables.

chop wood.

Pick up firewood or something.

I never get tired of it. Sometimes people come to build a house to live in or hunt. It is difficult to manage. There are many daily exchanges between the two sides, but it is not to the point of beating to death, and trade is very frequent.

Langyu County.

The county seat of Myanmar at the border.

here.

It is the largest trade border county in Shijing Province with the Indian side.

The population is nearly 150,000.

Every day, a large number of businessmen from the two countries trade here. In the past, India was much more developed than Myanmar's industry, and they sent industrial products here in exchange for Myanmar's agricultural products.

now.

It turned out to be the other way around.

The special economic zone in Myanmar seems to be more industrialized than India, which has led to a fundamental change in the trade situation here, and India's "developed industrial products" have no market.

This made many Indian businessmen a little unacceptable for a while.

You were so poor before.

How can I have more money than me? However, resentment can't solve the problem. After the local businessmen inspected, they found that they were unable to return to the sky, and they changed careers one after another, from export trade to import trade.

I used to be able to sell medicines.

Then it was not allowed to sell.

The most headache for Indian businessmen is.

Burma re-organized the catalog of imported products.

The border management and market access system has been strengthened, and the entry of substandard products manufactured by India's backward industrial equipment is restricted, especially in food, medicine and various chemical products.

Control is very strict.

Want to enter the Myanmar market.

It must be tested by the Myanmar side and comply with various environmental protection and technical standards of the Myanmar side. For example, plastic products must be added with the additives of the Myanmar Environmental Technology Company that can prevent harmful substances from penetrating into the food.

otherwise.

Are always substandard products.

Not to be listed.

In short.

After zero up.

Everything is different.

The days of Indian businessmen are sad.

The customs here have all been replaced, and the right to test products is guaranteed. Small towns are not qualified to give their products a certificate of conformity. Even if they know it, they can’t get to the capital of Myanmar.

Toss to the end.

They can't.

Had to switch to another business.

Due to the frequent trade between the two sides, there are also a lot of kyat left in India. Therefore, early this morning, the county sent someone to inform the other side, asking them to exchange kyat for Asian dollars before the end of the year.

otherwise.

Exchanges may no longer be offered next year.

Hear the news.

Many businessmen from the Indian side came to the county town with kyat.

Most of the money in their hands was exchanged for Asian dollars or rupees before, but they still had some kyats in their hands, because goods imported from Myanmar were sold in India, and they often received kyats.

in the long border.

The kyat is circulated within a small area of ​​the border.

county.

nine in the morning.

Bank of Myanmar branch.

There was a long line at the door.

"Don't crowd, everyone, we have enough Asian dollars and rupees, and everyone can exchange them." The security team shouted with a horn. The sun was already high, but the enthusiasm of the people in line was even higher.

inside the bank.

The cash counter at the cash register counts the cash by swiping.

After a cashier counted a pile of old and new cash, he took out more than 20 large-denomination kyat spit out from the money counter, and said to him, "I'm sorry, I have confiscated the money."

"Why?" The Indian was a little anxious, this is a lot of money.

"It's counterfeit money."

The bank clerk told him plainly.

"I, this is impossible, did you read it wrong?"

The Indian didn't give up.

"I have looked carefully at each one, and it is indeed a counterfeit currency. If there is any objection, in the next room, we will have someone explain to you where the counterfeit is, but I'm sorry, the counterfeit currency will be confiscated." The bank clerk said.

He was not reconciled.

was taken to a room on the side.

five minutes later.

each one.

It's all been pointed out as fake.

He was speechless and wanted to take it back, but was rejected. The counterfeit money, when it arrived at the bank, was forcibly confiscated. Looking at the surrounding security guards, he gave up the idea of ​​taking it back.

Hold the exchanged rupees in your hand.

He can only admit that he is unlucky. Counterfeit currency is not a big deal in India. There are a lot of counterfeit currency in India, and at least one-fifth of the cash in circulation is counterfeit.

in everyday life.

Get used to it.

most of the time.

Everyone knows it's fake.

It’s just that it’s still used the same way, and the merchants accept it the same way, as if it’s tacitly agreed that it can be spent anyway, it doesn’t matter. Therefore, even if it’s counterfeit kyat money, they often receive it.

I didn't think so before.

Now it seems.

Be careful next time, otherwise, your hard-earned money may be spent in vain. Now, the kyat is going to be abolished. In the future, here, the kyat will surely die out gradually.

It seems.

In the future, I can no longer accept kyat casually.

Next.

Almost everyone who came to this branch to exchange money was found to have some counterfeit banknotes in their hands, without exception. It is also because of knowing that there are too many counterfeit banknotes, the banks in India do not accept the exchange of kyat and rupee at all.

otherwise.

Bad identification.

Change it back.

If you go to the bank in Myanmar to exchange it, if there are too many counterfeit coins, the loss will have to be borne by your own bank. They will not do this kind of business that will obviously lose money.

no way.

Whether it is a merchant or an ordinary person, they can only come to exchange it, or ask someone to exchange it. In less than half a day, a business of replacing rupees was born, running errands for others and earning some hard work.

. . .

Just one day.

This border branch received counterfeit kyat banknotes with a face value of more than 8 million Asian dollars, accounting for one-third of the face value of the kyat recovered today. Tang Qing was a little speechless when he saw this number.

It really is.

Very 'Indian style'.

in this regard.

Indeed the first in the world.

According to the survey, counterfeit banknotes in India account for nearly a quarter of the total cash flow. That is to say, theoretically, a quarter of the money in the hands of everyone in India is counterfeit banknotes.

Quite 'characteristic'. Due to the poor anti-counterfeiting technology of the previous Kyat, some illegal factories in India that are "good at imitation" have also made some out, and it seems that there are still many.

Even in the now exchanged kyat.

Tang Qing estimated that some of them were counterfeit coins, and the ones that could be picked out were only the more obvious ones. However, Tang Qing didn't care, it was just a little counterfeit. . . As if he had never used it.

When the soldiers were active in India, they basically used their own printed rupees. The technology was more authentic than real banknotes. Tang Qing was also very restrained.

Most of them are still lying in a large iron box in the training area.

Brand new Rs.

therefore.

Everyone is even.