Cash In Circulation
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Hamas Struggles To Pay Fighters As War With Israel Drains Out Cash
Experts estimate around $3 billion in cash may still circulate in Gaza, but getting access to it has become nearly impossible.
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Binance and Circle Partner in Bid to Boost USDC Stabecoin Adoption
Binance and Circle have partnered in an attempt to boost stablecoin adoption globally. As for Circle, its USDC stablecoin pegged against the US dollar could see adoption among Binance’s significant user base of over 200 million users.
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King Charles Currency Enter Circulation For First Time Since Coronation
British banknotes bearing the image of King Charles III entered circulation for the first time on Wednesday, nearly two years after he succeeded his mother Queen Elizabeth II.
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RBI Governor Says Permanent Deletion of Transactions Would Make CBDCs Like Cash Notes
RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee. Speaking at the BIS Innovation Summit 2024, in Basel, Switzerland, Das has said that India’s CBDC would offer the same privacy for transactions that cash notes offer.
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Move To Withdraw Rs 2,000 Notes Affects Only 11% Currency In Circulation
The Reserve Bank of India is withdrawing the highest-value currency note just months before an election, when cash in circulation typically surges.
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Cash Circulation In Public Nearly Doubled In 6 Years Since Notes Ban
Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public.
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Demonetisation Failed To Meet Objectives: Congress's Adhir Ranjan Choudhary
Congress leader Adhir Ranjan Chowdhury today criticised the government's November 2016 decision to demonetise high-value currency notes, claiming the move did not meet the desired goals as cash in circulation and fake currency have gone up.
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RuPay Credit Cards Will Be Linked to UPI Platform in a Few Months: NPCI MD
National Payments Corporation of India (NPCI) Managing Director and Chief Executive Officer Dilip Asbe said that in the next couple of months, RuPay credit cards will be linked to the UPI platform. He also mentioned that currency in circulation will reduce only when a third of the population starts using digital payment alternatives.
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Demonetisation PM's Whim, Done To Whitewash Black Money: Sitaram Yechury
CPI(M) general secretary Sitaram Yechury today said demonetisation was done to "whitewash" black money, amid reports that the current cash in circulation has jumped by more than 19 per cent from the pre-note ban days.
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"The Day Money Vanished": Foreign Media On 2 Years Of Demonetisation
In the United States, Nov. 8, 2016 is remembered as the day Donald Trump was elected president. In India, it is the day that cash disappeared. Exactly two years ago, India embarked on one of the boldest economic policy moves the world has seen in decades: the government abruptly invalidated the two most popular bank notes in circulation in what Pri...
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Did Notes Ban Curb Cash, Terrorism And Boost Formal Economy? A Fact Check
If the government is to be believed, demonetisation has not been a failure, despite the return of 99 per cent of the banned notes. They claim it has been a success
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UP Elections 2017: Muzaffarnagar, So Brutally Hit By Riots, Decided Its 6 Seats Today
Standing in a long line of voters, Barkat Ali says his choice has been decided by one issue: Prime Minister Narendra Modi's sudden demonetisation move that pulled 86 per cent of the cash in circulation in one go.
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Notes Ban Aims At Lowering Real Estate Prices Too: Arvind Subramanian
Prime Minister Narendra Modi has said that his shock decision in November to scrap 86 per cent of the cash in circulation aims at exposing untaxed wealth and the proceeds of crime and corruption. Today, Chief Economic Advisor Arvind Subramanian added that "the aim of demonetisation, is in fact, to bring down real estate prices," a remark that spawn...
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Cash Situation Back To Normal Soon, RBI Chief Urjit Patel Tells Lawmakers' Panel: 10 Points
Urjit Patel, the chief of the Reserve Bank of India, confronted questions from a parliamentary committee on the sudden ban on 500 and 1,000 rupee notes in November and said the cash situation would return to normal soon. Millions were left facing a severe crunch after 86 per cent of the cash in circulation was outlawed overnight in a massive anti-c...
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RBI Chief Urjit Patel To Explain Notes Ban To Parliamentary Panel Today
Reserve Bank of India Governor Urjit Patel is expected to appear before a parliamentary panel today, which has asked him to explain the decision of demonetisation and its effect on economy. He is also expected to be asked about the steps the nation's Central bank took to counter the cash crunch that followed the sudden withdrawal of 500- and 1000-...
-
Hamas Struggles To Pay Fighters As War With Israel Drains Out Cash
Experts estimate around $3 billion in cash may still circulate in Gaza, but getting access to it has become nearly impossible.
-
Binance and Circle Partner in Bid to Boost USDC Stabecoin Adoption
Binance and Circle have partnered in an attempt to boost stablecoin adoption globally. As for Circle, its USDC stablecoin pegged against the US dollar could see adoption among Binance’s significant user base of over 200 million users.
-
King Charles Currency Enter Circulation For First Time Since Coronation
British banknotes bearing the image of King Charles III entered circulation for the first time on Wednesday, nearly two years after he succeeded his mother Queen Elizabeth II.
-
RBI Governor Says Permanent Deletion of Transactions Would Make CBDCs Like Cash Notes
RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee. Speaking at the BIS Innovation Summit 2024, in Basel, Switzerland, Das has said that India’s CBDC would offer the same privacy for transactions that cash notes offer.
-
Move To Withdraw Rs 2,000 Notes Affects Only 11% Currency In Circulation
The Reserve Bank of India is withdrawing the highest-value currency note just months before an election, when cash in circulation typically surges.
-
Cash Circulation In Public Nearly Doubled In 6 Years Since Notes Ban
Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public.
-
Demonetisation Failed To Meet Objectives: Congress's Adhir Ranjan Choudhary
Congress leader Adhir Ranjan Chowdhury today criticised the government's November 2016 decision to demonetise high-value currency notes, claiming the move did not meet the desired goals as cash in circulation and fake currency have gone up.
-
RuPay Credit Cards Will Be Linked to UPI Platform in a Few Months: NPCI MD
National Payments Corporation of India (NPCI) Managing Director and Chief Executive Officer Dilip Asbe said that in the next couple of months, RuPay credit cards will be linked to the UPI platform. He also mentioned that currency in circulation will reduce only when a third of the population starts using digital payment alternatives.
-
Demonetisation PM's Whim, Done To Whitewash Black Money: Sitaram Yechury
CPI(M) general secretary Sitaram Yechury today said demonetisation was done to "whitewash" black money, amid reports that the current cash in circulation has jumped by more than 19 per cent from the pre-note ban days.
-
"The Day Money Vanished": Foreign Media On 2 Years Of Demonetisation
In the United States, Nov. 8, 2016 is remembered as the day Donald Trump was elected president. In India, it is the day that cash disappeared. Exactly two years ago, India embarked on one of the boldest economic policy moves the world has seen in decades: the government abruptly invalidated the two most popular bank notes in circulation in what Pri...
-
Did Notes Ban Curb Cash, Terrorism And Boost Formal Economy? A Fact Check
If the government is to be believed, demonetisation has not been a failure, despite the return of 99 per cent of the banned notes. They claim it has been a success
-
UP Elections 2017: Muzaffarnagar, So Brutally Hit By Riots, Decided Its 6 Seats Today
Standing in a long line of voters, Barkat Ali says his choice has been decided by one issue: Prime Minister Narendra Modi's sudden demonetisation move that pulled 86 per cent of the cash in circulation in one go.
-
Notes Ban Aims At Lowering Real Estate Prices Too: Arvind Subramanian
Prime Minister Narendra Modi has said that his shock decision in November to scrap 86 per cent of the cash in circulation aims at exposing untaxed wealth and the proceeds of crime and corruption. Today, Chief Economic Advisor Arvind Subramanian added that "the aim of demonetisation, is in fact, to bring down real estate prices," a remark that spawn...
-
Cash Situation Back To Normal Soon, RBI Chief Urjit Patel Tells Lawmakers' Panel: 10 Points
Urjit Patel, the chief of the Reserve Bank of India, confronted questions from a parliamentary committee on the sudden ban on 500 and 1,000 rupee notes in November and said the cash situation would return to normal soon. Millions were left facing a severe crunch after 86 per cent of the cash in circulation was outlawed overnight in a massive anti-c...
-
RBI Chief Urjit Patel To Explain Notes Ban To Parliamentary Panel Today
Reserve Bank of India Governor Urjit Patel is expected to appear before a parliamentary panel today, which has asked him to explain the decision of demonetisation and its effect on economy. He is also expected to be asked about the steps the nation's Central bank took to counter the cash crunch that followed the sudden withdrawal of 500- and 1000-...
