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BANKNOTES AND COINS MANAGEMENT
Donald Trump signs U.S currency; $100 bills bearing President’s name to enter into circulation firstU.S. Treasury Department has announced a historic redesign of American paper currency to mark the 250th anniversary of U.S. independence, f...- Hong Kong taxis are a perfect stablecoin test caseHong Kong's taxis are now mandated to accept digital payments, potentially opening the door for stablecoin adoption. With new licensing for...
- Bangladesh faces Taka 15,000 crore crisis as Central Bank halts circulation of notes with Bangabandhu’s imageBangladesh Bank's halt on circulating newly printed banknotes featuring Sheikh Mujibur Rahman has triggered an estimated Taka 15,000 crore ...
- EIL, MECON, 4 others in fray for RBI's currency management projectState-owned Engineers India and MECON, alongside four private firms, have been shortlisted for RBI's project to modernize its currency mana...
- Rs 500 fake notes news buzzing on social media: Know how to check the official features of an Indian currency noteCounterfeit Indian currency note: Social media is full of reports by many people about a fake Rs 500 Indian currency note where the fraudst...
- Mahatma Gandhi wasn't the first choice for currency notesMahatma Gandhi’s face on Indian currency feels like a natural fit now, but it wasn’t the original plan. Delving into how his image came to ...
- RBI plans to revamp currency management infrastructure to cater to future cash needsThe Reserve Bank of India plans to modernise its currency management infrastructure over the next 4-5 years. This includes creating new cur...
- Growth in the value and volume of currency in circulation slowed in last fiscal, value of Rs 2,000 notes in circulation fell to 13% of total value in FY22The value and volume of banknotes in circulation rose by 9.9% and 5% respectively in FY22 as compared with 16.8% and 7.2% respectively in t...
- A digital money rush is great. A run, not so muchBlockchain-based stablecoins such as Tether and the upcoming Diem are the latest form of private money: Tokens that do not offer Bitcoin-ty...
- Notes in circulation go up on account of precautionary holding of cash amid pandemic: RBIThe value and volume of banknotes in circulation increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21, as against an i...
- View: Compelling reasons why India should let the crypto cat out of the bagIf cryptos lack ‘money-ness’, BharatCoin, the presumptive name for an RBI-issued digital currency, would be a natural evolution of digitisa...
- RBI to set up Automated Banknote Processing Centre in Jaipur"The global trend of increasing volume of banknotes in circulation has been witnessed in India as well," the document said.
- Cryptocurrency exchange Binance sets up $50 million Indian blockchain fundThe fund, which plans to invest upwards of $100,000 per startup, promises to open up direct access to Binance’s global blockchain ecosystem...
- Desperate times, desperate measures: China to sanitize & quarantine cash midst Coronavirus scareExperts have been asking people to frequently wash hands and face.
- Reserve Bank of India issues norms for banks to set up currency chestsThe new chests should have a processing capacity of 6.6 lakh pieces of banknotes per day.
- What I read this week: Is Amazon out to decimate asset managers?The biggest beneficiary of an Amazon entry into fund management will be retail investors.
- Here is how Indian techies are minting a fortune in bitcoinsSeveral online vendors and individuals are investing in cryptocurrency mining rigs.
- They're banned, unique but a collector's delightThe value depends on a note or coin's physical condition, availability (or lack of) and features such as unique serial numbers, prefixes an...
- RBI introduces new security feature to make Indian currency less prone to counterfeitingRBI has started printing Rs 100 notes on which the last six numerals of the nine-digit currency note number will be in ascending print size...
- RBI to review banks' mechanism to detect fake notes next monthRBI said it will review the status of implementation of instructions for authentication of notes by banks in the first week of Nov.
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