Sentences with phrase «circulation than currency»

Not exact matches

The Indian prime minister made a surprise announcement on Nov. 8 that the aforementioned notes, which account for more than 80 % of currency in circulation in India, would be rendered useless, in order to curb India's black market.

Bitcoins have become one of the most popular forms of alternative currency with more than $ 1 billion in circulation around the world.

But during the 18th and 19th centuries, redeemable paper currency became more popular than coins in modern economies, and the majority of paper currency in circulation in most countries consisted of privately issued banknotes.

While it's clear that the Fed would like lawmakers and the public to believe that it has exquisite control of the monetary base, it is much harder to control currency in circulation than it is to control bank reserves.

There are now far more cryptocurrencies in circulation than there are fiat or government - issued currencies (coinmarketcap.com lists 1,558 as of this writing).

However, according to the New York Times, the value of currency in circulation in the U.S. has dropped 50 % since 1970 from 5 % of the country's total economic activity to 2.5 %, a sign that probably means that cash is used less often than it was 40 years ago.

In fact, there are now more unredeemed frequent flyer miles than currency in circulation — around the world!

In Totnes, Devon, a local currency is now into its second year, while in the US town of Berkshire, Massachusetts, more than one million «Berkshares» have gone into circulation since it started a couple of years ago.

I suppose that's not very large compared to the value of all currency in circulation, and the money supply is more than currency.

The demonetization scheme is basically an act in which the higher currency notes worth 500 Rupees and 1000 Rupees which are currently in circulation would have value no more than an ordinary piece of paper.

Tether Limited states that to keep the Tether pegged to fiat currencies, the balance of fiat currencies held in its reserves will be equal to or greater than the Tethers in circulation.

The reduced inflation rate will make individual currency units more valuable and, over time, potentially allow the network to reach a deflationary state in which fewer coins enter circulation than are lost or destroyed.

The tether platform is fully reserved if the sum of all the tether in circulation is greater than or equal to the balance of the Fiat currency held in reserve.