currency

Nirmala Sitharaman says no plan to print currency notes to tide over crisis

Union finance minister Nirmala Sitharaman said on Monday that the government has no plans to print currency notes to overcome the economic crisis faced by country due to the outbreak of the coronavirus disease (Covid-19). She was asked a question by a member of the Lok Sabha about any such plans, to which Sitharaman replied …

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RBI working on its own digital currency: Deputy governor Sankar

The Reserve Bank of India deputy governor T Rabi Sankar on Thursday said that the central bank was working on a phased implementation strategy towards its own digital currency. Sankar said that the RBI is also in the process of launching it in wholesale and retail segments in the near future. These observations were made …

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Ad filmmaker walking across Karnataka, without a penny in his pocket

Vivekananda H.K., 53, is walking across Karnataka; his aim is to ‘revive human values’. What is unique about his journey is that he is travelling without a rupee in his pocket and has vowed not to touch currency, literally. In the last 247 days, he has covered nearly 7,500 kilometres on foot. He has been …

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Mexico says cryptocurrencies are not money, warns of risks

The joint statement by the Bank of Mexico, finance ministry and banking regulator comes after Mexican billionaire Ricardo Salinas Pliego on Sunday said his banking business, Banco Azteca, may begin using bitcoin. Mexican financial authorities on Monday said that crypto assets are not legal tender in Mexico and are not considered currencies under current laws, …

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