Over the last two months, thousands of Indians have spent hours in queues to access their hard-earned money. Yet, the broad support for prime minister Narendra Modi’s demonetisation drive hasn’t waned. 208 more words
Tags » Indian Rupee
Hi everyone, Nick here, and as you can probably tell, there have been a number of currencies that have, since November, gone through significant changes. Venezuela plans to pull their 100 Bs.F (Bolivar) banknotes, which represents 46% of their circulating currency. 6 more words
The Indian rupee resumed selling spree against its US counterpart on Monday amid sustained outflows by foreign funds as fears of an imminent Fed rate hike and worries over the impact of the government’s demonetization move on the Indian economy soured risk taking appetite. 109 more words
My 2 cents because, who even wants to touch the Indian currency right now?
Technically speaking, PM Modi declaring the 500 and 1000 rupee notes defunct and invalid overnight doesn’t make them so neither does it reduce or nullify their value; the December 30 deadline till which they are accepted in banks will in actuality make them invalid. 169 more words
It costs a lot of money to make money.
The special papers and inks, security features, and printing processes require specialised facilities and a hefty sum every year. 838 more words
Last week would go down as the most historic one in the lives of most living Indians.
Demonetization was historic not only in terms of the sheer political courage but also its many repercussions on the economy. 150 more words