Sentences with phrase «value banknotes»

India has seen a considerable increase in public awareness and investigation into Bitcoin following prime minister Narendra Modi's surprise move to demonetize its two highest - value banknotes November 8.

Goldman Sachs took another axe to its growth forecasts for India on Tuesday, as the tremors from the government's shocking move to ban high - value banknotes reverberate across financial markets and the real economy.

While the disappearance of small - denomination coins can be chalked up to lack of convenience, declining circulation of high - value banknotes is another matter entirely.

Not exact matches

He who controls the mint or the printing press, after all, realizes a profit by putting money into circulation (the term is seigniorage), since the cost of making a coin or banknote is usually less than its face value.

Its goal is to produce banknotes that everyone can trust as a payment mechanism and a store of value.

Its goal is to produce banknotes that everyone can trust, both as a means of payment and a store of value.

The total value of the world's money supply (including coins, banknotes, money market accounts, time deposits and savings / current accounts) comes out to $ 90.4 trillion.

Two, you become like a wildcat bank from the 1800s and issue banknotes that aren't backed, but then you run the risk of a bank run and your value going to zero.

Their cultural variety is staggering: The country is home to 2,000 ethnic groups, and every Indian banknote has to have its value printed in 15 languages.

It appears because of a big amount of banknotes but loss of its value.

At the start of the First World War, the Currency and Bank Notes Act 1914 was passed, which granted temporary powers to HM Treasury for issuing banknotes to the values of # 1 and 10 / -(ten shillings).

Completed using a mere three pieces — a classified ad, an installation with computer equipment / accessories and two banknotes photocopied onto «poetry paper» — the exhibition activates a series of questions on value - designation, currency circulation and putative cultural philanthropy.

Carolina Caycedo's Dependencia / Dependency (currency insertions)(2012), uses ink stamps on banknotes that carry the respective values of the minimum monthly wage, a gram of cocaine, and a liter of gasoline in six different cities (three Western and three Latin American) to show both the varied costs and question the means of establishing material values across a globalized culture.

The fact that banknotes also have no real value only moderately disturbs opponents.