Currency In Circulation Hits Rs 29 Lakh Crore On 2nd Wave

Currency In Circulation Rises Rises 11.3% On Year

The Reserve Bank Of India (RBI) has reported that currency in circulation fell by 0.3% on the week to stand at Rs 29.77 lakh crore as on July 16, 2021. The central bank stated further that the overall ...

Currency in circulation rises most in first half amid record stimulus

The currency in circulation rose the most during the first half of the year, as the Central Bank provided unprecedented stimulus by way of liquidity injections, which gained pace since the onset of ...

Currency In Circulation Rises 11.50% On Year

The Reserve Bank Of India (RBI) has reported that currency in circulation gained by 0.4% on the week to stand at Rs 29.85 lakh crore as on July 9, 2021. The central bank stated further that the ...

India's own digital currency in the offing, RBI working on phased introduction

Central bank digital currency is the same as currency issued by a central bank but takes a different form than paper. It is sovereign currency in an electronic form and it would appear as liability ...

RBI digital currency in the works: Deputy governor

A central bank digital currency is a sovereign currency in an electronic form and would appear as liability (currency in circulation) on a central bank’s balance sheet.

RBI working towards phased implementation for a digital currency

Some key issues under examination are, whether CBDCs should be used in retail payments or also in wholesale payments; whether it should be a distributed ledger or a centralized ledger; whether direct ...

Digital Currency to Soon Become Reality in India: RBI Working on 'Phased Introduction'

The Reserve Bank of India (RBI), is moving towards bringing in Central Bank Digital Currency (CBDC). RBI plans on introducing this digital monetary asset in a phase-wise implementation strategy ...

In quest for utopia, Auroville adopts app that it hopes will lead to a society without money

To discourage hoarding and keep the currency in circulation, auras depreciate by 9% every day. “It’s very much in the Auroville spirit,” said S Venkatakrishnan, who works as a Tamil ...

Where do African currencies get their names from?

Did you know that the word dinar comes from the Latin “denarius” and dirham from the Greek “drachma”? Here are the origins of the names of several African currencies.

Foreign Currency Deposits Rise 778%

Spread This NewsBy Alois Vinga FOREIGN currency deposits held by banks have risen by 778,9 % inside a year on the back of economic reforms and increasing confidence levels in the banking sector among ...

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