Currency Circulation
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Anti-CBDC Bill Cleared by House Financial Services Committee in US: Details
Republican lawmakers, led by Tom Emmer, are pushing the "Anti-CBDC Surveillance State Act," aimed at preventing financial surveillance of US citizens through central bank digital currencies.
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With YouTube As Guide, UP Men Printed Rs 500 Notes On Rs 10 Stamp Paper
Two people were arrested for running a fake currency notes-making racket and circulating dummy notes worth Rs 30,000 in Uttar Pradesh's Sonbhadra district, officials said on Friday.
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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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2 Uzbek Nationals Circulate Counterfeit US Dollars In Delhi, Arrested: Cops
Delhi Police busted a foreign racket involved in the circulation of counterfeit US dollars and arrested two Uzbekistan nationals on April 18, police said on Saturday.
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Inspired By Web Series 'Farzi', 2 Hyderabad Men Print Fake Currency Worth Rs 4 Lakh, Arrested
Two people have been apprehended for allegedly printing fake Indian currency notes and circulating them in Hyderabad. Fake money worth over Rs 4 lakh was recovered from the duo, police said on Sunday.
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Rs 12,000 Crore Of Rs 2,000 Currency Notes Still In Circulation: RBI
Governor Shaktikanta Das on Friday said Rs 3.43 lakh crore of Rs 2,000 denomination notes have come back to the system so far.
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93% Of Rs 2,000 Notes In Circulation Have Been Returned To Banks: RBI
The Reserve Bank on Friday said that as much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 -- the day when the currency was withdrawn from circulation -- have been returned to banks.
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How to Exchange Rs. 2,000 Currency Notes Using the Amazon Pay Wallet in India
Amazon, earlier this week, made an announcement to allow customers to exchange their Rs. 2,000 notes. The Reserve Bank of India decided to withdraw all the Rs. 2,000 currency notes from circulation by September 30. According to the official statement by Amazon, the company will let customers top up their Amazon Pay balances using Rs. 2,000 notes du...
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Existing UPI QR Codes Could Begin Processing Transactions in eRupee CBDC: RBI’s T Rabi Sankar
The RBI is considering if existing QR codes must act like a gateway for CBDC transactions. Currently, eRupee worth over Rs. 130 crore are in circulation as part of the going trials. The detail was revealed by Indian Finance Minister Nirmala Sitharaman earlier in March. By the end of June, India aims to onboard a million users to its CBDC ecosystem,...
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What India's Removal Of Rs 2,000 Notes Means For The Economy
India is withdrawing its highest value currency note from circulation, giving consumers and businesses a four-month deadline to exchange or deposit the legal tender, a move reminiscent of a shock demonetization exercise in 2016.
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"PM Modi Was Not In Favour Of Rs 2,000 Notes, But...": Ex Top Aide
PM Modi was not in favour of Rs 2,000 notes coming into circulation but reluctantly agreed to it after he was told that there was a lack of capacity to print smaller currency, said his ex top aide.
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Explained: Why Rs 2,000 Note Was Introduced, And Why It's Being Junked
"Total value of these banknotes in circulation has declined from Rs 6.73 lakh crore at its peak as on March 31, 2018 (37.3% of Notes in Circulation) to Rs 3.62 lakh crore constituting only 10.8% of Notes in Circulation on March 31, 2023," RBI said.
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Rs 2,000 Note Withdrawal To Improve Liquidity, Ease Short-Term Rates: Experts
The Indian central bank's decision to withdraw its highest denomination currency note from circulation is likely to improve banking system liquidity, bringing down
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Rise In Digital Payments A Reason To Withdraw Rs 2,000 Notes, Says RBI
The Reserve Bank of India (RBI) will withdraw Rs 2,000 denomination banknotes that were in circulation since 2016. The central bank mentioned several reasons that influenced its decision to withdraw the currency notes.
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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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Anti-CBDC Bill Cleared by House Financial Services Committee in US: Details
Republican lawmakers, led by Tom Emmer, are pushing the "Anti-CBDC Surveillance State Act," aimed at preventing financial surveillance of US citizens through central bank digital currencies.
-
With YouTube As Guide, UP Men Printed Rs 500 Notes On Rs 10 Stamp Paper
Two people were arrested for running a fake currency notes-making racket and circulating dummy notes worth Rs 30,000 in Uttar Pradesh's Sonbhadra district, officials said on Friday.
-
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.
-
2 Uzbek Nationals Circulate Counterfeit US Dollars In Delhi, Arrested: Cops
Delhi Police busted a foreign racket involved in the circulation of counterfeit US dollars and arrested two Uzbekistan nationals on April 18, police said on Saturday.
-
Inspired By Web Series 'Farzi', 2 Hyderabad Men Print Fake Currency Worth Rs 4 Lakh, Arrested
Two people have been apprehended for allegedly printing fake Indian currency notes and circulating them in Hyderabad. Fake money worth over Rs 4 lakh was recovered from the duo, police said on Sunday.
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Rs 12,000 Crore Of Rs 2,000 Currency Notes Still In Circulation: RBI
Governor Shaktikanta Das on Friday said Rs 3.43 lakh crore of Rs 2,000 denomination notes have come back to the system so far.
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93% Of Rs 2,000 Notes In Circulation Have Been Returned To Banks: RBI
The Reserve Bank on Friday said that as much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 -- the day when the currency was withdrawn from circulation -- have been returned to banks.
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How to Exchange Rs. 2,000 Currency Notes Using the Amazon Pay Wallet in India
Amazon, earlier this week, made an announcement to allow customers to exchange their Rs. 2,000 notes. The Reserve Bank of India decided to withdraw all the Rs. 2,000 currency notes from circulation by September 30. According to the official statement by Amazon, the company will let customers top up their Amazon Pay balances using Rs. 2,000 notes du...
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Existing UPI QR Codes Could Begin Processing Transactions in eRupee CBDC: RBI’s T Rabi Sankar
The RBI is considering if existing QR codes must act like a gateway for CBDC transactions. Currently, eRupee worth over Rs. 130 crore are in circulation as part of the going trials. The detail was revealed by Indian Finance Minister Nirmala Sitharaman earlier in March. By the end of June, India aims to onboard a million users to its CBDC ecosystem,...
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What India's Removal Of Rs 2,000 Notes Means For The Economy
India is withdrawing its highest value currency note from circulation, giving consumers and businesses a four-month deadline to exchange or deposit the legal tender, a move reminiscent of a shock demonetization exercise in 2016.
-
"PM Modi Was Not In Favour Of Rs 2,000 Notes, But...": Ex Top Aide
PM Modi was not in favour of Rs 2,000 notes coming into circulation but reluctantly agreed to it after he was told that there was a lack of capacity to print smaller currency, said his ex top aide.
-
Explained: Why Rs 2,000 Note Was Introduced, And Why It's Being Junked
"Total value of these banknotes in circulation has declined from Rs 6.73 lakh crore at its peak as on March 31, 2018 (37.3% of Notes in Circulation) to Rs 3.62 lakh crore constituting only 10.8% of Notes in Circulation on March 31, 2023," RBI said.
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Rs 2,000 Note Withdrawal To Improve Liquidity, Ease Short-Term Rates: Experts
The Indian central bank's decision to withdraw its highest denomination currency note from circulation is likely to improve banking system liquidity, bringing down
-
Rise In Digital Payments A Reason To Withdraw Rs 2,000 Notes, Says RBI
The Reserve Bank of India (RBI) will withdraw Rs 2,000 denomination banknotes that were in circulation since 2016. The central bank mentioned several reasons that influenced its decision to withdraw the currency notes.
-
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.
