Rich people, with black money in cash, are willing to pay ₹500 for a cash exchange of ₹4,000.
The government has permitted a cash exchange of ₹4,000 per person till 30-Dec. Rich people are paying poor people to stand in queue outside bank. On paper, the poor person is exchanging ₹4,000; but of this ₹3,500 goes to the rich person.
The poor person stands outside one branch on day one; another bank on day two; and so on. Each day he/she will try to stand outside a different branch/bank.
So queues outside banks will never subside. They will continue till the last day of 30-Dec. If the government extends the deadline by one month, the queues will continue for one more month.
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