Smuggling does two nasty things for any economy. First, it erodes the value of the domestic currency faster than most people imagine. Smuggled gold is paid for in US dollars purchased on the black market (or in exchange for opium, which too has a notional dollar tag).Gold needs some very urgently-needed policy changes
Smuggling does two nasty things for any economy. First, it erodes the value of the domestic currency faster than most people imagine. Smuggled gold is paid for in US dollars purchased on the black market (or in exchange for opium, which too has a notional dollar tag).
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