Sentences with phrase «longer legal tender»

The 500 and 1,000 INR bills were no longer legal tender.

As India tries to crack down on corruption and «black money,» the announcement in November that large notes were no longer legal tender, increased sales volume for bitcoin on several exchanges.

Not exact matches

Sweden could eventually «reach a situation where legal tender is no longer an efficient medium of exchange for commercial transactions and that it is a situation that no other country has been in before,» Skingsley said.

It took the E.U. four decades to create the euro; it may take the world even longer to invent a single carbon credit that is legal tender and equally valuable around the globe.

Thereafter the old pound coin will no longer be legal tender.

The proposals, if implemented, will have the effect that many migrants and prisoners will no longer be eligible for legal aid; access to judicial review will be restricted; contracts for criminal work will be the subject of competitive tendering; and fees paid to legal aid solicitors and barristers will be reduced, by more than 50 % in some instances.

Scottish Water has reappointed CMS Cameron McKenna and DLA Piper to its commercial legal panel following a five - month long tender race.

Corporate clients often no longer authorize «carte blanche» legal expenditure, alternative fee arrangements are more common, and clients are continually questioning where they can save on legal expenses using competitive tendering and paneling.

In February, when the finance minister was reading the budget, he was keen to note that digital money was not recognized as a legal tender and it would not be long before they [the finance ministry] suppress the usage of the cryptos in case they were used for illegal purposes.

Prime Minister Narendra Modi announced in late 2016 a «demonetization policy» in which the Rs 500 and Rs 1000 notes would no longer be considered «legal tender» as of November 9, 2016.

in late 2016 a «demonetization policy» in which the Rs 500 and Rs 1000 notes would no longer be considered «legal tender» as of November 9, 2016.

Indians rushed to banks to exchange the old notes for new, as the old notes will no longer be accepted as legal tender.

Without any significant warning, the Indian government declared that 500 rupee and 1,000 rupee notes would no longer be accepted as legal tender.