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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

Global Geopolitical Series: U.S. Commerce Department announces final AD on imports of biodiesel from Argentina and Indonesia

Last night, the U.S. Commerce Department announced final results of the Anti-dumping investigations on imports of biodiesel from Argentina and Indonesia. The investigation was initiated back in November last year in...

Polish industrial output and retail sales data come in strong in January, GDP growth likely to be strong

Polands official statistics office released another set of monthly macroeconomic data, which indicate towards very robust performance of the Polish economy in the first quarter of this year. While the Polish industrial...

Polish industrial output and retail sales data come in strong in January, GDP growth likely to be strong

Polands official statistics office released another set of monthly macroeconomic data, which indicate towards very robust performance of the Polish economy in the first quarter of this year. While the Polish industrial...

UK gilts jump after unemployment rate worsens beyond expectations in December

The UK gilts jumped Wednesday after the countrys unemployment rate for the month of December came in worse than market expectations, leading investors to flock into safe-haven instruments. Markets will now focus on Bank of...

German bunds jump ahead of February manufacturing, services PMI

The German bunds jumped during early European session Wednesday as investors wait to watch the countrys manufacturing as well as services PMI for the month of February, both scheduled to be released today by 08:30GMT...

Politics

Hunger in the lucky country – charities step in where government fails

The non-profit organisation Foodbank released its report Fighting Hunger in Australia this month. Like earlier research it reported that around 15% of Australians experienced food insecurity an extraordinary figure...

For black celebrities like Oprah, it's impossible to be apolitical

Oprah Winfreys rousing Golden Globe speech has many speculating whether the media mogul will become a presidential candidate in 2020, with some pundits questioning the merits of another celebrity president. But to...

Politicians are inflating the evidence used to justify tax increases

Chris Doucouliagos, Professor of Economics, Department of Economics, Deakin Business School and Alfred Deakin Institute for Citizenship and Globalisation, Deakin University Many government policies are flawed because...

GOP tax plan doubles down on policies that are crushing the middle class

The U.S. middle class has always had a special mystique. It is the heart of the American dream. A decent income and home, doing better than ones parents, and retiring in comfort are all hallmarks of a middle-class...

What does Ramaphosa's victory mean for South Africa's economy?

A great deal is expected from Cyril Ramaphosa who was elected as the president of South Africas governing party, the African National Congress (ANC). This positions him to become the countrys president in 2019. Sibonelo...

Science

Researchers Want To Turn Jellyfish Into Junkfood Replacement

Right now, there is an epidemic of junk food addiction all over the world where people of all ages, genders, shapes, and sizes are digging into chips, crusts, crisps, and crunches that really arent healthy for anyone to...

Scientists Finally Settle GMO Case; They Are Safe, Period

The debate over how safe genetically-modified organisms (GMOs) are to eat has been raging for years. One side is composed of health-conscious individuals who are worried that private companies are meddling with nature too...

UBI Helps People Be More Productive And Work More, Study Claims

The topic of universal basic income (UBI) has been a hot-button issue among economists, financial experts, legislators, and tech industry giants for years. Some say that it will increase productivity while others claim the...

Startup Raises $250M To Use Placenta To Extend Life And Cure Cancer

Companies have been trying to unlock the secrets to regenerative medicine for years and one startup just raised $250 million by intending to use human placenta to do so. The company believes that using the disposable...

Ozone Layer Update; Not Recovering As Expected For Unknown Reasons

In the late 90s, the issue regarding the hole in the ozone layer was big in the public consciousness, but it quickly faded in light of a new gigantic threat in the form of climate change. In recent years, scientists have...

Technology

SpaceX Wants 12,000 Satellites In Orbit To Provide High-Speed Internet, To Launch First 2 On Thursday

Elon Musks private space company, SpaceX is planning on launching a Falcon 9 rocket on Thursday from the Vandenberg Air Force Base in California. Officially, the rocket will be carrying a satellite called Paz, which is a...

Alt-Right Claims Twitter Purge, Potential Collateral Damage In Bot Wars

Twitter is a haven for trolls where users regularly display abusive behavior toward other users, companies, celebrity figures, or even ideas. In an attempt to stamp out these kinds of people, the platform has been...

Twitch Offers Viewers Incentive To Watch Overwatch League

As an already hugely popular platform that can crash even with only several hundred thousands of views, Twitch is still looking to draw in more people to use its service. With the Overwatch League being such a big deal,...

Apple Heads Off Potential Battery Supply Shortage With Direct Cobalt Miner Deal

As one of the worlds largest smartphone manufacturers, its only natural that Apple would be worried about supply shortages that could affect its products. This is apparently why it is now making a deal with cobalt miners...

PC Gaming Cloud Service By Blade Launched In US

Gaming PCs are becoming more expensive by the day and this goes doubly true for those who are planning on building their own rigs thanks to the soaring prices of GPUs due to crypto mining. As such, this is the perfect time...
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February 22 10:00 UTC Released

ITCPI (EU Norm) Final MM

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-1.5 %

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-1.6 %

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-1.6 %

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ITCPI (EU Norm) Final YY

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1.2 %

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1.1 %

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1.1 %

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-1541 %

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-1541 %

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