On Tuesday (Nov. 8) India’s government issued a ban on high-denomination banknotes, which has resulted in lenders bringing in 2 trillion rupees ($29.8 billion) as customers across the country try to deposit the old bills, Bloomberg reported. Not only has the decision left people waiting...
The European Central Bank is aiming to keep the usage of cash alive with the launch of a new €50 note. According to the ECB, the €50 accounts for nearly 45 percent of all euro banknotes used. Regarded as the most widely circulated note, the...
April 05, 2019
Denmark has decided to ban 500-euro notes in an attempt to fight money laundering in the country. The decision was made despite a request by the European Central Bank (ECB) not to ban the note. But Danish authorities says that the bills’ use for criminal activities justifies the ban, adding that the ECB even decided to […]
November 15, 2016
On Tuesday (Nov. 8) India’s government issued a ban on high-denomination banknotes, which has resulted in lenders bringing in 2 trillion rupees ($29.8 billion) as customers across the country try...
July 06, 2016
The European Central Bank is aiming to keep the usage of cash alive with the launch of a new €50 note. According to the ECB, the €50 accounts for nearly...
