"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
India Bans All Gold Coin Imports, Increases Capital Controls
Submitted by Bradley Keyes on Fri, 2013-08-23 00:00
Resident Indians now can only send out of the country $75,000 each year -- down from $200,000 annually, the bank said on its website, and the money cannot be used to buy property.
"The present set of measures is aimed at moderating outflows," said the Reserve Bank of India.
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