Rs 1 Coin Production Cost Exceeds Its Value – What About Rs 2, Rs 5 And Rs 10 Coins
It costs more than its value to mint a Rs 1 coin, with production costing Rs 1.11. However, higher denominations like Rs 2, ...
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As Trump fires the penny, here's how India's one-rupee coin is holding up
US President Donald Trump has ordered a halt to the minting of pennies, the coins denoting a cent of the dollar, over high ...
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Cryptocurrency This Week: RBI Bars Crypto Startups From Regulatory Sandbox, Game Of Throne Coins And More
Acknowledging the recent innovations by fintech startups, the Reserve Bank of India (RBI) has now released a ... we even went so far as to create the new coins and deploy them as ERC20 tokens ...
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RBI News
The Indian rupee tumbled to a record low against the US dollar amid global trade tensions, but the government is not worried, emphasizing the currency’s free-floating nature and the RBI’s role ...
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The RBI has a coin distribution problem - and it might be thinking about outsourcing the job to someone else
Amid an oversupply of coins, storage costs are getting unfeasible as the RBI is running out of space to keep them. As a result, the RBI is looking to outsource the distribution of coins to a ...
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RBI Issues Warning Against Usage Of Bitcoins; Terms It As Breach Of Anti-Money Laundering Provisions
Reportedly, the Reserve Bank of India (RBI) has issued a statement against the usage of virtual currencies/encrypted money like bitcoin. The further usage of any such currency will be considered ...