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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

FxWirePro: The Day Ahead- 23rd August 2017

Lots of economic data and events scheduled for today and all with low to medium volatility risks associated. Data released so far: Japan: Flash Nikkei manufacturing PMI improves to 52.8 in...

Japanese bonds steady in lacklustre trade, inflation data in focus

The Japanese bonds traded nearly flat Wednesday as market awaits inflation data scheduled for Thursday, August 24 at 23:30 GMT. Also, little trading activity is observed in the light of no important economic data or...

Australian bonds slump following weakness in U.S. treasuries, Jackson Hole in focus

The Australian bonds slumped Wednesday tracking weakness in the U.S. treasuries as investors digest weak economic data ahead of the Federal Reserves Jackson Hole Economic Policy Symposium scheduled for this Friday in...

U.K. manufacturing sector sentiment remains positive in August

The CBI Industrial Trends survey showed that confidence in the U.K. manufacturing sector continued to be positive in August, with the output index dropping slightly from its record reading of 31 percent in July to 30...

German ZEW index drops to ten-month low in August

The initial of the several economic surveys for the month of August due this week was a mixed bag. The German ZEW survey of investor analysts saw the outlook index dropped by the most in thirteen months to a ten-month low...

Politics

A major uprising in Jerusalem and beyond is just a few missteps away

The last thing the Middle East needs is a major conflagration in Israel-Palestine but a summer crisis in Jerusalem made it clear that in the right circumstances, it really could happen. The crisis began in the early...

Charlottesville, Virginia: the history of the statue at the centre of violent unrest

The violent scenes in Charlottesville, Virginia, that led to the death of one woman and left many more injured began as a dispute over a statue of General Robert E. Lee, which sits in a local public park. However, the...

Charlottesville, Donald Trump, and the dark side of American populism

Charlottesville, Virginia is home to the University of Virginia, founded by Thomas Jefferson; he was a slave owner, but today stands as a symbol of the USs egalitarian ethos and political myth. But on August 12, some seven...

Is liking something on Facebook 'protected political speech'? It depends

Australians are often surprised to learn that their Constitution contains no right to free speech. Even the right to political speech, which is constitutionally implied, is increasingly complicated by new online platforms...

Why the withering nuclear power industry threatens US national security

These are tough times for nuclear power in the U.S. Power plants under construction are facing serious delays, halts and cost overruns. Utilities in South Carolina abandoned a project to complete construction of two power...

Science

Scientists Advance 3D-Printed Living Tissue, Artificial Organ Creation

When most people think of 3D-printing, they imagine plastic or metal objects such as furniture or machine parts. However, scientists have been working on printing living tissue as well, which would allow scientists to...

Eclipse of reason: Why do people disbelieve scientists?

If youve been paying attention, you know that on Aug. 21, were in for a special cosmic treat: the Great American Eclipse of 2017. The moons shadow will track a 4,000-kilometre course across the continental United States...

Hackers Spread Malware Via DNA, Could Destroy Police Computer Networks

Scientists and engineers have been pushing the digital frontier for decades and they have just pushed the boundaries towards new territory. Encoding a malware in DNA, scientists were able to infect computers that tried to...

Scientists Discover New Type Of Brain Cells That Could Lead To Hyperintelligence

While tech revolutionaries like Elon Musk prefer to merge man with machine in order to make humans smarter, stronger, and better, others prefer a more biological approach. A team of scientists recently discovered new types...

Expert Warns Of CRISPR Causing Class Warfare

Humanity is living in an interesting age, where scientists can finally start manipulating the human genome in ways that were not possible before due to CRISPR. Many have even hypothesized that through these amazing...

Technology

AI’s Music Album Released With Song Lyrics From YouTuber

For some time now, artificial intelligence and machine learning have been the subject of intense debate and speculation as to what they are capable of. Recently, an album was released with the music created completely by...

BioShock 10th Anniversary Collector’s Edition Is Coming, It Costs $200

BioWare is about to give collectors who are fans of the BioShock franchise a treat come November when its BioShock 10th Anniversary Collectors Edition package arrives. Its a limited offer that comes with a BioShock: The...

Shenmue 3 Trailer Finally Released, Tempering Expectations Advised

The action RPG Shenmue franchise has had a cult following since its launch in earlier console generations. Since then, the third title has had to be crowdfunded, with expectations for the end result being high. A trailer...

HTC Vive Gets $200 Cheaper Following Similar Oculus Rift Tactic

Last month, Oculus decided to slash the price of its high-end virtual reality headset, the Rift in order to make it more appealing to mass consumers. This time, its HTCs turn to make its incredibly expensive Vive unit...

Xbox One X Project Scorpio Edition Sold Out In All Stores

During the 2017 Gamescom event on Sunday, Microsoft finally launched pre-orders for the special edition of its upcoming super-powered console the Xbox One X called the Xbox One X Project Scorpio. The name is obviously an...
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August 23 00:30 UTC Released

JPNikkei Mfg PMI

Actual

52.8 bln $

Forecast

Previous

52.1 bln $

August 22 14:00 UTC Released

USRich Fed Mfg Shipments*

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8 %

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13 %

August 23 07:00 UTC 4646m

TRConsumer Confidence*

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71.3 %

August 23 07:00 UTC 4646m

FRMarkit Mfg Flash PMI

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54.5 bln $

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54.9 bln $

August 23 07:00 UTC 4646m

FRMarkit Comp Flash PMI

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55.5 %

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55.6 %

August 23 07:00 UTC 4646m

FRMarkit Serv Flash PMI

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55.8 %

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56.0 %

August 23 07:30 UTC 7676m

DEMarkit Comp Flash PMI

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54.7

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54.7

August 23 07:30 UTC 7676m

DEMarkit Service Flash PMI

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53.3

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53.1

August 23 07:30 UTC 7676m

DEMarkit Mfg Flash PMI

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57.7

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58.1

August 23 08:00 UTC 106106m

EZMarkit Mfg Flash PMI

Actual

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56.3 bln EUR

Previous

56.6 bln EUR

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