From deploying 'cash coolies' to buying Rolex watches, Indians have found unique ways to dodge the government's surprise move to withdraw high value bills in a bid to tackle widespread corruption and tax evasion.
India announced new measures Thursday to allow farmers and marrying couples to withdraw more money from banks, as frustration mounted over a cash crisis triggered by the withdrawal of all high-value notes.
India is to use indelible ink to prevent people from exchanging old notes more than once, the government said Tuesday, a week after the withdrawal of high-value banknotes from circulation in a crackdown on ‘black money’.
Prime Minister Narendra Modi Sunday made an emotional appeal to people to make India graft-free, as chaotic scenes erupted outside banks nationwide after high denomination notes were pulled from circulation.
Indian Prime Minister Narendra Modi ordered the withdrawal of 500 and 1,000 rupee notes from circulation on Tuesday in a shock announcement designed to tackle widespread corruption and tax evasion.
India's finance ministry swatted down a media report on Thursday of a possible devaluation of the rupee, dismissing lobbying by struggling exporters seeking a competitive boost from a cheaper currency.
Pakistan’s currency is overvalued by as much as 20% and is contributing to the country’s declining exports
Qatari banks face “immaterial net exposures” to the Brexit-related currencies such as the pound and euro overall, according to QNB Financial Services (QNBFS).
Qatar General Organisation for Standards and Metrology has finalised the modification of the energy star labels for the new energy saving air conditioners, ahead of their import.
Hackers have diverted more than $50 million in digital currency from an experimental fund meant to demonstrate that such money is safe for use, according to the New York Times.
Zimbabwe's opposition condemned the government's plan to print a local version of the US dollar as "madness" on Monday, as panic set in over a crippling cash shortage.
The Bank of Japan’s policy is not affected by the international community’s pledges to avoid targeting exchange rates
