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Demonetization is the act of stripping a currency unit of its status as legal tender. Some reasons include to combat inflation, to combat corruption, and to discourage a cash system. The process of demonetization involves either introducing new notes or coins of the same currency or completely replacing the old currency with new digital currency.

Demonetization Series

Indians' 'notes ban' compliance masks a silent crisis of legitimacy

Mar 28, 2017 14:30 pm UTC| Insights & Views Politics Economy

This article is part of the Democracy Futures series, a joint global initiative between The Conversation and the Sydney Democracy Network. The project aims to stimulate fresh thinking about the many challenges facing...

Demonetization Series

India's demonetisation drive has boosted banks and start-ups, but it's still a failure

Feb 21, 2017 08:18 am UTC| Insights & Views Economy

When Indian Prime Minister Narendra Modi announced the withdrawal of ₹500 (US$7.40) and ₹1,000 (US$15) banknotes from circulation in November 2016, the government said its demonetisation drive would curb Indias shadow...

Demonetization Series

Subdued inflation and negative demonetisation effect to pressurize RBI for rate cut in February

Jan 18, 2017 10:56 am UTC| Commentary Economy

Indias inflation continued to remain subdued during the month of November, exerting deeper pressure on the Reserve Bank of India (RBI) to undertake to ease policy in the next 2-day bi-monthly monetary policy scheduled to...

Demonetization Series

Central Banking Series

FxWirePro Poll: India's subdued inflation and negative demonetisation effect to pressurize RBI for rate cut in February

Dec 26, 2016 07:02 am UTC| Economy Central Banks Insights & Views

Indias inflation continued to remain subdued during the month of November, exerting deeper pressure on the Reserve Bank of India (RBI) to undertake easing policy in the next 2-day bi-monthly monetary policy scheduled to be...

Demonetization Series

Digital Currency Revolution

India's Bitcoin prices spike 25 pct on demonetisation

Nov 23, 2016 06:50 am UTC| Digital Currency

[The article has been updated to include a tweet from TuurDemeester,editor in chief at Adamant Research] Indian governments latest drive to demonetize currency notes of 500 and 1,000 denomination announced earlier this...

Demonetization Series

Indian bonds rally on Modi’s demonetisation move, market pricing 25bps cut from RBI

Nov 10, 2016 09:14 am UTC| Commentary

The Indian government bonds rallied Thursday as investors poured into safe-haven assets on rising speculation that the governments demonetisation move will improve banking system liquidity and lower inflation, creating...

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Economy

Eurozone PMI moderation in June unlikely to derail growth, high consumer confidence suggests strong year ahead

The headline IHS Markit Eurozone PMI fell from a joint six-year high of 56.8 in May to a five-month low of 55.7 in June, according to the preliminary flash estimate released earlier today. Data missed economists forecasts...

Eurozone periphery bonds mixed post higher-than-expected German manufacturing PMI

The Eurozone periphery bonds traded mixed Friday after reading a higher-than-expected rise in the German manufacturing PMI for the month of June, released earlier today. The benchmark German 10-year bond yields, which...

USD/TWD likely to hold around 30.40–30.70 range in the near-term, says Commerzbank

The USD/TWD currency pair is expected to hold at levels of around 30.40-30.70 in the coming months after the Central Bank of the Republic of China (Taiwan) (CBC) remained on hold, Commerzbank reported. The Central Bank...

New Zealand bonds gain at close tracking U.S. Treasuries post rise in initial jobless claims

The New Zealand bonds ended on the upside after the Reserve Bank of New Zealand (RBNZ) remained unchanged in its monetary policy decision, revealed early today while maintaining a balanced outlook of the economy. At the...

EUR/USD likely to reach 1.06 by end-2018, says Commerzbank

The EUR/USD is expected to reach a level of 1.06 by the end of next year, having downside potential. Most of the analysts arguing for 1.20-ish levels simply extrapolate the medium-term upward trend in EUR/USD. Even the...

Politics

US under Trump Series: Trump pours on cold water on 'Comey tapes' speculation

With a series of tweets, President Donald Trump poured cold water over the hot speculations that has been brewing for months that there are tapes of conversations between him and the former FBI director James Comey. After...

Why Lesotho's in such a mess and what can be done about it

In an interview following his recent return as Prime Minister of Lesotho, Tom Thabane has blamed the army for the countrys chronic political instability. Stating that his previous administration (after an election in 2012)...

US under Trump Series: US department of Justice launches investigation into Hillary Clinton’s email scandal

According to a Fox News report, which was confirmed by Senate Judiciary Committee Chair Chuck Grassley, the U.S. Department of Justice has launched a formal inquiry into whether former Secretary of State Hillary Clinton...

Data Of Almost 200M Americans Collected By GOP Leaked, No Protection Whatsoever

When collecting data from citizens for use in things like winning elections, it makes sense to afford hoard with heavyweight protection. Not only did the GOP fail to do this, which led to the leak of data of 198 million...

Julius Caesar in our times

All the worlds a stage, Shakespeare once wrote. In recent weeks, that Shakespearean adage has been particularly resonant, with the New York Public Theaters production of Julius Caesar attracting worldwide scrutiny...

Science

Elon Musk Tells Climate Change Deniers To Get A Thermometer

The vast majority of scientists agree that climate change is real and that it is being sped up by human activity, theres no debate there. Unfortunately, there are still those with influence in the political sphere that...

Scientist Say Lack Of Funding Is Biggest Obstacle To Immortality

For centuries, humanity has been searching for ways to live longer, resist diseases, and generally have a happier life. Throughout the centuries, people thought that the biggest challenge to discovering the secret to...

Electric Cars Can Also Power Buildings When Parked, Researchers Say

It seems there is one more reason to get an electric car other than to protect the environment. According to researchers, vehicles running on electricity can also power buildings without suffering battery drain or...

10% Of US Energy Harvested From Renewables, There Is Hope

When President Donald Trump announced that he was going to pull out of the Paris Climate Accord, hardly anyone was surprised. Even so, many still despaired regarding the future of renewable energy. Fortunately, it seems...

Driverless Cars Gets Neil deGrasse Tyson Seal Of Approval

As one of the most popular and beloved scientific figures in the world, if Professor Neil deGrasse Tyson says that a particular scientific trend is great, most people tend to pay attention. Thats why his words of...

Technology

Valve’s New Knuckles VR Controller Supports All Five Fingers

Right now, the most responsive VR controller in the market is arguably the Oculus Touch, but it does come with a few issues. For one thing, it doesnt provide support for individual digits on the hands. With Valves new VR...

Get $120 Off Of Unlockable iPhone SE At Virgin Mobile

While the iPhone SE is not exactly the sexiest product in Apples lineup, its still a functional smartphone with decent features. Customers who would like to get their hands on the device for cheap can buy it for $120 off....

Caltech Creates Cameras Without Lenses, Thinner Smartphones Coming Up

Just when it was thought that smartphones could not get any thinner, Caltech engineers just had to be creative and muck everything up. By creating a camera technology that does not require a lens, these Brainiacs basically...

Steam Summer Sale Is Here And Dark Souls III Is At 60% Off

As promised, the annual Steam Summer Sale is here and boy does it deliver on the hype. Multiple AAA games are up for grabs at ridiculously low prices, along with their various DLCs and extra features. Some indie titles...

Steam Summer Sale Date Has Been Announced, Extra Discount Via PayPal

Every year, PC gamers look forward to the Steam Summer Sale, which has become something of a holiday to fans. This years launch date has already been announced and its set for June 22nd. This means that gamers will try in...
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June 23 14:30 UTC Released

USECRI Weekly Annualized*

Actual

3.4 %

Forecast

Previous

3.7 %

June 23 14:30 UTC Released

USECRI Weekly Index*

Actual

143.7 %

Forecast

Previous

144.0 %

June 26 08:00 UTC 18031803m

GBIfo Expectations*

Actual

Forecast

Previous

106.5 k

June 26 08:00 UTC 18031803m

DEIfo Business Climate*

Actual

Forecast

114.4 bln BRL

Previous

114.6 bln BRL

June 26 08:00 UTC 18031803m

DEIfo Expectations*

Actual

Forecast

106.4 %

Previous

106.5 %

June 26 08:00 UTC 18031803m

DEIfo Current Conditions*

Actual

Forecast

123.3 mln

Previous

123.2 mln

June 26 08:30 UTC 18331833m

GBIfo Expectations*

Actual

Forecast

Previous

40.750 k

June 26 08:30 UTC 18331833m

BRBBA Mortgage Approvals

Actual

Forecast

Previous

40.750 k

June 26 11:00 UTC 19831983m

BRBBA Mortgage Approvals

Actual

Forecast

Previous

84.2 k

June 26 11:00 UTC 19831983m

RUFGV Consumer Conf*

Actual

Forecast

Previous

84.2 %

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