Sep 20, 2007

Zero Value Currency

A close relative passed on to me this very interesting development.

Zero Rupee Note

It's described here in the following context

The movement called ‘Freedom From Corruption’, launched in all 30 districts of Tamil Nadu early this month [August 2007], will make its Mumbai debut in the city’s schools and colleges. “It is an effort to empower every citizen to fight corruption,” said M Vijayanand, the president of Fifth Pillar India.

It remains to be seen if this catches on.

Out of 163 countries where the 1 is least percieved corrupt and 163 is the most percieved corrupt - Finland, Iceland and New Zealand share spot number 1, followed by Denmark (4), Singapore (5), Sweden (6), Switzerland (7), Norway (8), Australia (9), and Netherlands (9). The countries percieved to be most corrupt are Haiti (163), Myanmar (160), Iraq (160), Guinea (160), Sudan (159), Congo (156), Chad (156), and Bangladesh (156). India is ranked midway at 70, with a confidence-scale score of 3.3 out of 10, which is actually not bad.

Global Percieved Corruption Index

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