Monday, August 6, 2012

Money Exchange


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You would have heard about Money exchange .That is Foreign exchange. It was well designed by British Government and well structured with further developments in India is Government of India Owned Reserve Bank of India.

In those days ,prior to Independence to India we had Two Banks in Operation that McMillan Bank and Imperial Bank.

Now in India we see State Bank of India which was earlier in the Name of Imperial Bank in operation.

Reserve Bank of India was established on 1st April 1935 through the Reserve Bank of India Act, 1934, when the British Ruled India.

Reserve Bank keeps complete control on all this. But recently when I heard the Discussion between two ,while traveling in a Train informing ,that ,Staff and officers and Managers and senior officers in Reserve Bank of India were not checked by Securities while they go in and go Out.?is it True?

I was shocked .Is it True. I do not Know? what is the level of Truthfulness in this matter we do not Know? Only God Knows. If it is Truth than it is easy for many people who generate Fake currencies may use officers to mingle the Money in to the Bank very easily is a Possibility.

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