Mar 27, 2013


Australia pioneered this monetary innovation: some other countries have also adopted it. India will trial this by introducing it via Reserve Bank of India offices in five cities (Cochin, Jaipur, Shimla, Mysore and Bhubaneswar), choosing the Rs. 10/- denomination.

Thus, if you have it in your pocket, you can use a phrase that is usually applied to credit cards. What innovation is this?

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This day last year: Q.544


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