Business went as usual in Goa’s lone wholesale fish market at Margao on Wednesday as the government decision to scrap the currency notes in the denomination of Rs 500 and Rs 1000 had no impact on the wholesale fish market.
MARGAO:
In fact, trading of fish went unhindered at the wholesale fish market with wholesalers and retailers carrying out the business as usual.
The buyers and sellers freely exchanged the currency notes of Rs 500 and Rs 1000 notes as if the government has taken no decision on the currency. In fact, unlike other business activity in the commercial capital, there was no panic amongst the wholesalers and retails to accept the currency notes.
Even till 8.30 in the morning, the wholesalers from the coastal belt, who brought pick-up load of mackerels in the market, made brisk business as they accepted the two currency notes without any difficulty.
President of the Wholesale fish market Association, Maulana Ibrahim confirmed that the wholesale fish market did not face any currency problem for the simple reason that the market is controlled by the small traders. “When the wholesale fish business is carried out by small time traders, there was no problem of accepting the scrapped currency notes as the traders will deposit the notes after the bank opens after Thursday,” Ibrahim said, adding that the current situation will not impact the business in the wholesale fish market.
