Legal tender Current Affairs, GK & News
The Republic of the Marshall Islands (RMI) will become the first sovereign nation to issue a cryptocurrency that will be legal tender. The new currency is called “Sovereign” with the symbol “SOV”. The SOV will be distributed to the public via an Initial Currency Offering (ICO). It will circulate as legal tender in the country, ..
Topics: Countries • cryptocurrencies • Currency • Digital currency • Economy • Economy of the Marshall Islands • Foreign exchange market • Legal tender • Monetary reform • Money • Petro • Sovereign Currency Act
The Reserve Bank of India has announced that it will issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005. The new notes will have inset letter ‘L’, ‘R’ in both the number panels with the signature of Dr Urjit R.Patel. The year of printing ‘2016’ will be printed on the reverse of the banknote. ..
United Opposition consisting of major political parties like Congress, Trinamool Congress, and the BSP have given a call for nationwide Bharat Bandh to escalate their protest over the demonetisation drive of the union government. They said they will observe November 28 as ‘Aakrosh Divas’. The opposition parties have been disrupting the proceedings in both Houses ..
The union government has categorically said that it has no intention to demonetise Rs 100 and Rs 50 notes to dispel rumours which are making rounds in various platforms like social media. It has issued a series of tweets to dispel the myths. Key announcements It has no intention to demonetise Rs 100 and Rs ..