Articles for Currency

Proof Of Demand & Voluntary Acceptance Of Bribe Key For Conviction, Recovery Of Marked Currency Notes Not Sufficient: J&K High Court
1 day, 7 hours ago

Proof Of Demand & Voluntary Acceptance Of Bribe Key For Conviction, Recovery Of Marked Currency Notes Not Sufficient: J&K High Court

Live Law  

The Jammu and Kashmir and Ladakh High Court has ruled that the recovery of marked currency notes or a positive hand wash test, without proof of demand and voluntary acceptance of a bribe, cannot sustain a conviction under anti-corruption laws. Acquitting a former Accounts Officer, Justice Puneet Gupta emphasized that the prosecution must establish these fundamental elements beyond a reasonable …

Acceptance Recovery Court Prosecution Kashmir Currency Notes Accused
Governments and banks once mocked Bitcoin. Now they want in on it
2 days, 15 hours ago

Governments and banks once mocked Bitcoin. Now they want in on it

Al Jazeera  

After topping $100,000, Bitcoin supporters see the cryptocurrency soaring even higher. Despite once labelling Bitcoin “a scam”, Trump has emerged as arguably the world’s most powerful advocate for the asset. “There’s now this growing feeling that the 21st century will be the century of Bitcoin.” Keiser spotted Bitcoin’s potential early on and advised people to buy it when its value …

Money Trump Crypto Digital Bitcoin Currency Central Banks
Favorable cash-pooling policy good for FDI
3 days, 15 hours ago

Favorable cash-pooling policy good for FDI

China Daily  

The People's Bank of China and the State Administration of Foreign Exchange are to optimize the pilot cash pooling program, integrating domestic and foreign currency management for multinational corporations in 10 provinces, municipalities and cities including Shanghai, Jiangsu province and Zhejiang province. As early as March 2021, the PBOC and SAFE initiated the first batch of pilot cash pooling programs, …

China Foreign Shenzhen Pilot Multinational Corporations
Rahul slams govt over trade deficit touching all-time high
5 days, 9 hours ago

Rahul slams govt over trade deficit touching all-time high

Deccan Chronicle  

New Delhi: Slamming the Modi government, Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday said prioritising crony businesses over play-fair ones leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation.Tagging a media report which said that trade deficit and imports are at an all-time high, Gandhi hit …

Record Trade Gandhi Imports Trade Deficit High Billion
Why Mujib’s removal from the Taka is noteworthy
5 days, 10 hours ago

Why Mujib’s removal from the Taka is noteworthy

Firstpost  

It is safer for Muhammed Yunus to spend a few thousand crores printing new notes rather than annoying his ‘student’ backers The US still has not said that the “face” of the next new $20 bill will change, almost a decade after pressure started building about removing President Andrew Jackson because he was allegedly racist. Be that as it may, …

India Change Bangladesh Indian Currency Sheikh Hasina Sheikh
Brazil Central Bank Holds Biggest Dollar Auction in 4 Years
6 days, 17 hours ago

Brazil Central Bank Holds Biggest Dollar Auction in 4 Years

Live Mint  

-- Brazil’s central bank conducted its biggest dollar auction in the spot market since the first weeks of the pandemic on Monday as it fights to regain control over inflation expectations amid a soaring fiscal deficit. The nation’s central bank has been pulling out all the stops to curb a currency selloff, raising interest rates and now intervening directly in …

Market Bank Auction Brazil Central Dollar Spot
JPMorgan’s Head of Currency Trading Sees Trump Boosting Volumes
1 week ago

JPMorgan’s Head of Currency Trading Sees Trump Boosting Volumes

Live Mint  

Donald Trump’s return to the White House is fueling a rise in currency trading volumes, according to JPMorgan Chase & Co., which sees his trade policies increasing attention on foreign-exchange markets. “When you have intense interest in FX markets, you’re going to get high volumes.” Trump’s pledges to cut taxes and enact high trade tariffs have been a major driver …

Market Jpmorgan Jefferies Jpm Currency Trading
Syria's Bashar al-Assad Regime Airlifted $250 Million In Cash To Russia Amid Sanctions: Report
1 week ago

Syria's Bashar al-Assad Regime Airlifted $250 Million In Cash To Russia Amid Sanctions: Report

ABP News  

Ex-Syrian President Bashar al-Assad's regime transferred approximately $250 million in cash to Russia between 2018 and 2019, records analysed by the Financial Times reveal. The cash transfers coincided with Syria’s reliance on cash transactions to pay for wheat imports, money printing services, and defence-related expenses, given the Central Bank's limited foreign reserves. The Financial Times also reported that regular exports …

Russia Financial Sanctions Bank Iran Western Report
How to calculate foreign currency conversion mark-up fees on credit cards?
1 week ago

How to calculate foreign currency conversion mark-up fees on credit cards?

Live Mint  

If you carry a credit card from India while travelling abroad and use it at a merchant overseas, you should remember that you will be charged a conversion mark-up fee. This mark fee typically varies between 1.5 to 3.5 percent of the converted Indian currency. Banks typically charge a mark-up fee, which ranges between 1.5 to 3.5 per cent of …

India Credit Indian Credit Cards Fee Cards Indian Currency
Bangladesh banks robbed of $21 bn by a few families; years to revival: Bangladesh Bank Governor Ahsan H. Mansur
1 week ago

Bangladesh banks robbed of $21 bn by a few families; years to revival: Bangladesh Bank Governor Ahsan H. Mansur

India Today  

In early August, when eminent economist Ahsan H. Mansur took charge as the governor of Bangladesh Bank, the country’s central bank, the entire banking system was thought to be tottering. Within one and a half months, we will receive money from the World Bank and the Asian Development Bank, and after that the reserves will be able to add $1.2 …

Banking Money World Bank Currency Billion Cent Rate
How Trump’s election might accelerate decline of US dollar’s dominance
1 week, 1 day ago

How Trump’s election might accelerate decline of US dollar’s dominance

Firstpost  

The US dollar surged to a one-year high within two weeks of Donald Trump winning the US presidential election in November. Trump has also made not-so-veiled threats to the leaders of the Brics group should they create a rival to the US dollar, which has been the world’s dominant currency World War II. However, it is possible that Trump’s “America …

Trade Trump Global Trade Policies Dollar Dollars Us Debt
Rs 56.9 lakh counterfeit notes found, 6 arrested as fake currency racket busted
1 week, 1 day ago

Rs 56.9 lakh counterfeit notes found, 6 arrested as fake currency racket busted

India Today  

In a major breakthrough, Telangana Police busted a fake currency racket in Kamareddy district on Friday, December 13. The Banswada Town Police intercepted a car during a vehicle check near Koyyagutta, seizing Rs 30 lakh in counterfeit currency and arrested three suspects, Kadapathri Rajagopal, Kolavar Kiran Kumar, and Ramesh Goud. Police raided the penthouse and seized Rs 26.9 lakh in …

Lakh
Telangana Police busts fake currency racket in Kamareddy, arrests six accused
1 week, 1 day ago

Telangana Police busts fake currency racket in Kamareddy, arrests six accused

India TV News  

In a major success, Telangana Police busted a fake currency racket and arrested six people in connection with the case in the Koyya Gutta area under the Banswada Town police station limits of the Kamareddy district, officials said on Saturday. According to the police, the arrested accused have been identified as Kadapatri Rajagopal Rao, Hussain Peera, Kolavar Kiran Kumar, Kesrole …

Currency Telangana Accused Counterfeit Currency
Gujarat: Four held with fake Indian currency notes worth over Rs 2 crore in Surat
1 week, 1 day ago

Gujarat: Four held with fake Indian currency notes worth over Rs 2 crore in Surat

India TV News  

Gujarat: At least four persons were arrested in Surat with fake Indian currency notes with a face value of Rs 2.57 crore, a police official said today. The four accused, three of whom are from Ahilyanagar in neighbouring Maharashtra, were walking with three bags when they were apprehended at a check post in Saroli on Saturday evening, the official said. …

Currency Notes Surat
Explained: The Fall of the Rupee, the RBI’s Response, and Current State of India’s Economy
1 week, 3 days ago

Explained: The Fall of the Rupee, the RBI’s Response, and Current State of India’s Economy

The Hindu  

Published : Dec 13, 2024 18:19 IST - 6 MINS READ In what feels like chucking pails of water at a forest fire, the RBI has been selling dollars in the spot market to support the rupee. As has now been reported, the Central Bank’s average daily short position in the NDF or non-deliverable forwards market is at approximately 2 …

Market Bank Currency Fall Indian Rupee Central Rbi
Why Donald Trump should tame his love for tariffs
1 week, 3 days ago

Why Donald Trump should tame his love for tariffs

Firstpost  

It should be useful for the Trump administration to review the structural issues and excessive dependence on unilateral and punitive approaches that run counter to his own objectives of Making America Great Again in the short and medium term President Donald Trump loves tariffs, especially when he can unilaterally impose them as a dangling stick, hoping it might turn into …

India China Trade Russia Canada Trump Indian
Europe’s Rates Head Lower in Readiness for Another Trump Era
1 week, 3 days ago

Europe’s Rates Head Lower in Readiness for Another Trump Era

Live Mint  

Europe’s central banks are taking a determined dovish turn to aid economies bracing for more disruption from Donald Trump’s second stint in the White House. The European Central Bank’s own quarter-point move — bringing its rate to a 1 1/2-year low — was accompanied by President Christine Lagarde’s observation that “the direction of travel currently is very clear.” There’ll probably …

Europe Trump European Switzerland Ecb Lagarde Snb
‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy
1 week, 4 days ago

‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy

Firstpost  

China is considering allowing its currency yuan to weaken in 2025 as the country braces for higher US trade tariffs as Donald Trump returns to the White House on January 20, 2025 As per analysts, the yuan may fall to 7.37 per dollar by the end of 2025, though a key factor will be how much Donald Trump raises tariffs …

Trump Currency Donald Trump Cent Yuan Reuters Dollar
Sharad Pawar’s Birthday: Currency Note Press Nashik Presents Unique Gift
1 week, 4 days ago

Sharad Pawar’s Birthday: Currency Note Press Nashik Presents Unique Gift

Deccan Chronicle  

NCP chief Sharad Pawar is celebrating his 85th birthday today and the Currency Note Press in Nashik has presented him with a unique gift. VIDEO | "Country's first currency note was made in Nasik in 1924. We have always… pic.twitter.com/xrcOwRDMku — Press Trust of India December 12, 2024 Nashik holds a significant place in country's currency history as India's first …

Currency Pawar Sharad Pawar Nashik Unique Gift Presents Unique Presents Unique Gift
Rupee takes a dive, more turbulence in 2025
1 week, 4 days ago

Rupee takes a dive, more turbulence in 2025

Live Mint  

What triggered the rupee’s recent fall? The Indian rupee breached a record low of 84.85 per dollar this week and briefly tested 85.06-per-dollar levels as outgoing Reserve Bank of India governor Shaktikanta Das’s term ended on Tuesday. However, increasing geopolitical uncertainty, attractive US government bond yields, cheaper crude oil prices and heavy foreign institutional investor outflow from domestic equities further …

India Rbi Rupee Dollar
China’s Weaker Yuan Sends Ripples Across Emerging Market Currencies
1 week, 5 days ago

China’s Weaker Yuan Sends Ripples Across Emerging Market Currencies

Live Mint  

Emerging-market currencies dropped Wednesday, with an index of developing-nation currencies heading for its steepest one-day loss in a week and a half. The depreciation supports Chinese exporters but raises risks of capital outflows and financial instability, challenges that could ripple through emerging markets tied to Chinese demand, as cheaper Chinese undercut competitors in other developing economies. The correlation between China’s …

China Market Chinese Emerging
SNB Is Edging Toward Zero Rate in Tussle With Franc Speculators
1 week, 5 days ago

SNB Is Edging Toward Zero Rate in Tussle With Franc Speculators

Live Mint  

-- Switzerland’s two-year stint of positive interest rates is about to inch closer to a potential end with the central bank’s likely move to cut borrowing costs this week. Either way, the decision will use up precious ammunition for a central bank whose rate is already one of the world’s lowest, showcasing the quandary for Swiss policymakers trying to prevent …

Inflation Currency Central Rate Bloomberg Switzerland Ubs
Rupee likely to maintain downward drift, RBI counted on to cap losses
1 week, 5 days ago

Rupee likely to maintain downward drift, RBI counted on to cap losses

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 11 - Headwinds for the Indian rupee are likely to persist on Wednesday amid ongoing strength in the U.S. dollar and a lingering bearish bias on the local currency that may push it to another lifetime low, but traders expect the central bank's intervention to limit sharp losses. The rupee came under pressure on Tuesday …

Rbi Rupee Malhotra Downward Drift
Crypto currency scam: ED freezes ₹12.5cr in Thane, Navi Mum, other cities
1 week, 5 days ago

Crypto currency scam: ED freezes ₹12.5cr in Thane, Navi Mum, other cities

Hindustan Times  

MUMBAI: The Enforcement Directorate froze Proceeds of Crime worth ₹12.5 crore, in the form of bank balances, fixed deposits and mutual funds, as part of its money-laundering probe into an alleged multi-crore fraud against multiple investors on the pretext of doubling their investment through the app, HPZ Token, and online gaming and betting websites. Crypto currency scam: ED freezes ₹ …

Crypto Poc Navi Mum Scam Ed Ed Freezes Thane Navi Scam Ed Freezes