#MCProOpinion: Central banks have been alarmed by the growing adoption of #cryptocurrencies. Their counter is to issue digital #currency themselves. What challenges could they face?
https://www.moneycontrol.com/news/opinion/central-bank-digital-currency-has-its-uses-but-can-it-replace-cryptocurrency-6946361.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/opinion/central-bank-digital-currency-has-its-uses-but-can-it-replace-cryptocurrency-6946361.html?utm_source=telegram&utm_medium=social
Moneycontrol
Central Bank Digital Currency Has Its Uses, But Can It Replace Cryptocurrency?
CBDCs can provide an alternative to digital wallets and cryptocurrencies, but there are trade-offs to be considered
The Taliban has announced a complete ban on the use of foreign #currency in Afghanistan.
Read more at π
https://www.moneycontrol.com/news/world/taliban-ban-use-of-foreign-currency-in-afghanistan-7671401.html?utm_source=telegram&utm_medium=social
Read more at π
https://www.moneycontrol.com/news/world/taliban-ban-use-of-foreign-currency-in-afghanistan-7671401.html?utm_source=telegram&utm_medium=social
Moneycontrol
Taliban Ban Use Of Foreign Currency In Afghanistan
"The economic situation and national interests in the country require that all Afghans use Afghan currency in their every trade," the group said in a statement shared with journalists by one of their spokesmen.
#MarketsWithMC: According to Crisil Ratings, the domestic currency is likely to settle at 76.5 against the American #currency in March 2022.
Read more π
https://www.moneycontrol.com/news/business/markets/indian-rupee-to-depreciate-to-77-5usd-by-march-2023-on-widening-cad-us-fed-rate-hikes-report-8244771.html?utm_source=telegram&utm_medium=social
Read more π
https://www.moneycontrol.com/news/business/markets/indian-rupee-to-depreciate-to-77-5usd-by-march-2023-on-widening-cad-us-fed-rate-hikes-report-8244771.html?utm_source=telegram&utm_medium=social
Moneycontrol
Indian rupee to depreciate to 77.5/USD by March 2023 on widening CAD, US Fed rate hikes: Report
According to Crisil Ratings, the domestic currency is likely to settle at 76.5 against the American currency in March 2022.
#MCWeekendReads β‘οΈ What is Quasi Universal Intergalactic Denomination, and why was the #space #currency even made? Sundeep Khanna explains the uses, #QUID price at launch and why its uptake has been slow at best.
Read up π
https://www.moneycontrol.com/news/science/fly-me-to-the-moon-with-a-quid-or-two-8368741.html?utm_source=telegram&utm_medium=social
Read up π
https://www.moneycontrol.com/news/science/fly-me-to-the-moon-with-a-quid-or-two-8368741.html?utm_source=telegram&utm_medium=social
Moneycontrol
Fly me to the moon with a QUID or two
A 15-year-old technology is all but ready to be deployed as a space currency, for when you want to buy snacks or knick-knacks at duty-free shops on the moon and Mars.
Flagging concerns over likely misuse of #crypto, FM Nirmala Sitharaman today said that India will take a considerate decision on regulation around the virtual #currency.
Read on π
https://www.moneycontrol.com/news/business/india-to-take-a-considered-view-on-crypto-says-nirmala-sitharaman-8420761.html?utm_source=telegram&utm_medium=social
Read on π
https://www.moneycontrol.com/news/business/india-to-take-a-considered-view-on-crypto-says-nirmala-sitharaman-8420761.html?utm_source=telegram&utm_medium=social
Moneycontrol
India to take a considered view on crypto, says Nirmala Sitharaman
The minister clarified that the government is open to promote innovation and well-grounded progress made in the distributed ledger technologies, which are coming in the blockchain.
It will take nearly 15 years for the Indian #economy to make up for the losses it has incurred during the #coronavirus #pandemic, according to the #RBI report on #currency and finance for FY22.
Read the details π
https://www.moneycontrol.com/news/business/economy/indian-economy-to-overcome-covid-losses-only-in-fy35-says-rbi-report-8431811.html?utm_source=telegram&utm_medium=social
Read the details π
https://www.moneycontrol.com/news/business/economy/indian-economy-to-overcome-covid-losses-only-in-fy35-says-rbi-report-8431811.html?utm_source=telegram&utm_medium=social
Moneycontrol
Indian economy to overcome COVID losses only in FY35, says RBI report
India fell into a short-lived technical recession in FY21. But while growth has rebounded since then, albeit on a low base, it will take more than a decade to overcome the losses incurred during the pandemic, according to the central bank's latest currencyβ¦
#NewsAlert π¨ FY23 revenue growth seen at 8-11% in local currency Vs FY22 growth of 26%
More details to followβ³
#Currency #Revenue
More details to followβ³
#Currency #Revenue
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Mumbai Airport Customs seized $497,000 (βΉ4.1 crore) in foreign currency from a family going to Dubai π°π°
The Indian family of three has been arrested π¨
#Customs #MumbaiAirport #ForeignCurrency #Currency
The Indian family of three has been arrested π¨
#Customs #MumbaiAirport #ForeignCurrency #Currency
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#MCExclusive | Salvatore Babones, associate professor, University of Sydney contends that whatβs working for the #IndianEconomy amid all the global turmoil is the #RBIβs handling of the #currency.
Here's what he said π
http://bit.ly/3Il2vrJ
Here's what he said π
http://bit.ly/3Il2vrJ
Moneycontrol
MC Exclusive | Indiaβs slightly undervalued currency is its strength: Salvatore Babones
The RBIβs strategy of a slightly undervalued currency is providing India with macroeconomic stability. George Soros has attacked countries with overvalued currencies, the development economist and professor said.