nitially, four banks will be involved in controlled launch of digital currency namely, SBI, ICICI Bank, Yes Bank, and IDFC First Bank inMumbai, New Delhi, Bengaluru and Bhubaneswar cities. These banks will issue digital tokens in the same denominations as papercurrency, which can be used to...
It is the account that exhibits the amount of imports and exports of the goods and services made by a country. It also includes the balance of payment made in foreign currency to the foreign investors. Balance of this account...
President Uhuru Kenyatta of Kenya introduced a new five-note currency series on June 1. The rollout occurred at a Madaraka Day celebration, the anniversary of independence from Great Britain in 1963. The notes are the first to be issued in compliance with Kenya’s 2010 constitution that ...
Per capita GDP stood at US$445 in FY05 against US$418 in the previous year. The growth in the 1990s was attributable to the reforms to move Bangladesh toward an open economy, such as making the currency convertible on the current account, reducing import duties, removing controls on the mo...