Topic: currency

ThePrint’s round-up of world news and topical issues over the past week.

As of 2024, several countries where Indian currency is higher let travellers with travel insurance to indulge in unforgettable experiences without exceeding their budget.

Pakistan’s central bank is seeking public opinion on the design of the new currency. Apart from creative imagery, citizens are requesting a move to plastic notes.

USD has been the world’s reserve currency for over 75 years, but many nations are now seeking to trade in local currencies to reduce costs, avoid sanctions & reshape global financial system.

Reports had emerged Saturday, based on data from RTIs, that alleged that millions of Rs 500 notes had been printed by India’s mints but had not reached the RBI.

Built on a decentralized chain that utilizes proof of wisdom and proof of contributions for integrity and transparency, the SWIM platform seeks to reward users for participating in wisdom games that convert their screen time into NFTs.

The rupee was down 0.5% to the dollar and has been an underperformer among Asian peers. The offshore Chinese yuan was up 0.9%, leading Asian currencies higher.

While RBI move to allow export/import to be invoiced in Indian rupee will solve some problems, there is no guarantee it will circumvent payment issues with Iran or Russia.

What ‘strong currency’ policy framers ignore is that almost every nation with a successful long-term record of development has pursued a ‘weak currency’ policy to win export markets.

The currency declined 2.2% this quarter as global funds pulled Rs 30,000 crore of capital out of India's stock market, the most among regional markets where data is available.