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Demonetization Series

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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...

Economy

U.S.-Iran Talks May Take Days as Oil Prices React to Strait of Hormuz Tensions

U.S. Secretary of State Marco Rubio said negotiations with Iran could take several more days, cooling expectations for a quick resolution to the ongoing Middle East conflict. His remarks came after U.S. forces launched...

Sri Lanka Central Bank Surprises Markets With 100 Basis Point Rate Hike Amid Inflation and Currency Pressure

Sri Lankas central bank unexpectedly raised its benchmark interest rate by 100 basis points on Tuesday, increasing the overnight policy rate to 8.75% from 7.75% as the country battles rising inflation, a weakening...

Asian Stocks Slip as U.S.-Iran Tensions Weigh on Markets; South Korea’s KOSPI Hits Record High

Asian stock markets traded mostly lower on Tuesday as renewed U.S. military strikes in Iran weakened investor confidence and reduced optimism surrounding a potential Middle East peace agreement. Despite the cautious...

ASX Shares Plunge as Rising Tech Upgrade Costs Shake Investor Confidence

Shares of ASX Ltd (ASX: ASX) tumbled more than 10% on Tuesday after the Australian stock exchange operator warned investors about a significant increase in future spending tied to major technology upgrades and regulatory...

Huawei Chip Breakthrough Sparks Rally in Hong Kong AI and Semiconductor Stocks

Hong Kong-listed semiconductor and artificial intelligence stocks surged on Tuesday after Huawei Technologies revealed a major breakthrough in chip design, fueling optimism about Chinas push to reduce dependence on U.S....

Politics

DOJ Pushes to Resume Trump White House Ballroom Project After Security Incident

The U.S. Justice Department has renewed its request for a federal judge to remove an injunction blocking progress on President Donald Trumps proposed White House ballroom project, arguing that a recent shooting near the...

Rubio Says Strait of Hormuz Must Stay Open Amid Rising Iran Tensions

U.S. Secretary of State Marco Rubio said Tuesday that the Strait of Hormuz must remain open following recent U.S. strikes on Iran, stressing that global shipping routes are critical for international stability and energy...

Cambodia King Pardons Opposition Leader Kem Sokha After Treason Conviction

Cambodias King Norodom Sihamoni has officially pardoned former opposition leader Kem Sokha following his controversial treason conviction, according to a royal decree released Monday. The move comes only weeks after a...

Putin Offers Debt Relief to New Russian Recruits Fighting in Ukraine

Russian President Vladimir Putin has signed a new decree granting debt relief to citizens who join the military campaign in Ukraine, according to a statement released by the Kremlin. The measure is part of Russias broader...

Senegal Appoints Economist Ahmadou Al Aminou Lo as Prime Minister Amid IMF Debt Crisis

Senegal President Bassirou Diomaye Faye has appointed veteran economist Ahmadou Al Aminou Lo as the countrys new prime minister following the dismissal of Ousmane Sonko and his cabinet. The move comes as Senegal faces...

Science

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Samsung Union Dispute Escalates Over Semiconductor Bonus Vote

A labor dispute at Samsung Electronics is intensifying after a union representing employees outside the semiconductor business filed a court injunction to halt an ongoing vote tied to bonus increases for chip division...

EU Antitrust Probe Could Lead to Massive Google Fine Under DMA Rules

Alphabets Google could face a major antitrust fine from the European Union as regulators intensify enforcement of the Digital Markets Act (DMA). According to a report from Germanys Handelsblatt newspaper, the European...

SpaceX IPO Hype Raises Questions as Many Major Stock Debuts Underperform Market

Wall Street investors are eagerly awaiting the expected SpaceX IPO next month, but history suggests that buying into highly valued stock market debuts may not always deliver strong returns. According to a Reuters analysis...

Morgan Stanley Names Top AI Security and Data Center Stocks for 2026

Morgan Stanley has identified five leading companies in the growing Security, Identity, and Data Centers for AI Agents sector, highlighting firms expected to benefit from rising enterprise demand for secure artificial...

Macquarie Names Five Taiwan AI Stocks Set to Benefit From Data Center Growth in 2026

Macquarie has highlighted five major Taiwanese electronics stocks that it believes are well positioned to benefit from rising artificial intelligence infrastructure spending, data center upgrades, and next-generation...