NEW DELHI: The Reserve Bank of India (RBI) will soon come out with a mobile app that will read out the denomination of currency notes for the visually-challenged population. The central bank has started the process of scouting for a vendor that can develop the mobile application for aiding the visually impaired in
David Marcus, the Facebook exec who helped hatch its Libra digital currency project, said a managing director with experience in government and central banking would be a great leader for the independent group that will actually oversee the currency. “We need someone who knows how economies tend to work, who understands how
Currency.com has announced the public launch of what it calls the world’s first tokenized securities exchange, following a beta test in which more than 150,000 people traded tokenized securities with cryptocurrency. According to a press release, the public launch makes 1,000 tokenized securities available to both private and institutional investors around
Recent news about an increase in Indian corporates and state entities issuing dollar bonds is welcome news, especially since it clearly shows investor appetite for lending to credible Indian business models. However, relatively easy liquidity and high investor appetite for lending in the international markets must be tempered by the fact that
Three security personnel were killed in an IED blast at a check post in Pakistan’s restive northwestern tribal region bordering Afghanistan, police said. The explosives, which were planted close to the check post in Sheva tehsil of North Waziristan District, went off when the levies personnel reported for duty, eye
The Reserve Bank of India Thursday said reinsurance brokers have been permitted to open non-interest bearing foreign currency accounts with banks for undertaking transactions. Earlier, the Insurance Regulatory and Development Authority of India (IRDAI) had issued a notification in this regard. Following the Irdai’s notification, the extant regulations regarding the
President Recep Tayyip Erdoğan of Turkey campaigns in local elections in Usak on 27 March. Photograph: Anadolu Agency/Getty Images Financial markets in Turkey have experienced a fresh period of turmoil, putting the country’s recovery from recession at risk and raising questions over the health of emerging markets as the world economy slows.