. Except as currency notes, all other use of paper in the modern financial system, be it as bonds, securities, transactions, communications, correspondences or messaging – has now been replaced by their corresponding digital and electronic versions.
Money
Article 62 of Da Afghanistan Bank Law states: "Da Afghanistan Bank shall be responsible for the formulation, adoption and execution of the monetary policy of Afghanistan."
In order to fulfil its promise to its customers - the promise to pay - the Bank must ensure that the currency maintains as stable a level as possible, in other words, that the value of its notes is...
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 (Act No. 22 of 2015) Dated 26th May, 2015 The following Act of Parliament received the assent of the President on the 26th May,...
Understanding Marx’s Capital: Today we see the logical conclusion of this process: not only have coins of gold and silver been replaced by less precious metals; not only have coins themselves been replaced by paper notes; but now we...
National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and...
Money or value transfer services (MVTS) refers to financial services that involve the acceptance of cash, cheques, other monetary instruments or other stores of value and the payment of a corresponding sum in cash or other form to a beneficiary by means...
1 rupee = 16 anna (later 100 naye paise) 1 ardharupee = 8 anna, or 1⁄2 rupee (later 50 naye paise) 1 pavala = 4 anna, or 1⁄4 rupee (later 25 naye paise) 1 beda = 2 anna, or 1⁄8 rupee (later equivalent to 12.5 naye...
THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st June, 2017 G.S.R. 538(E).— In exercise of the powers conferred by sub-section (1) read with clause (h), clause (i),...
These rules may be called the Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity...
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