Business Archives - Page 20 of 25

Polymer Currency with enhanced security features issued by UAE

26Apr

By Muhammad Dastageer Shams1 Comment

Business

Polymer Currency with enhanced security features issued by UAE

Earlier this week, the Central Bank of the UAE (CBUAE) issued two new polymer currency banknotes in the denominations of five and ten dirhams. They have advanced security features. Specifically, the CBUAE hopes that the newest banknotes will reflect the nation's development, imagination, and prescient over the subsequent fifty years. It's particularly within the financial and financial sectors. Gulf News reports that these matters follow up on the successful 50 dirham sample polymer notice. FEATURES OF UAE CURRENCY NOTES These two banknotes feature a transparent window with a portrait of Sheikh Zayed bin Sultan Al Nahyan and luminous graphics and inscriptions designed using intaglio printing techniques with a logo of the UAE national brand. CBUAE has kept the color features of...

What IMF report says about Pakistani Economy?

20Apr

By Muhammad Dastageer Shams1 Comment

Business

What IMF report says about Pakistani Economy?

IMF IMF says that in Pakistan the economy has rebounded on the back of waning COVID-19 infections and expansionary fiscal and monetary policies. An improvement in the external position has been hindered by strong import growth, fueled by macroeconomic policy mix, commodity price increases, and credit growth. Rupee depreciation is marked, and inflation remains persistently high. The current account deficit has increased. Recent Economy development Once again, Pakistan stands at a crossroads according to IMF statisitcs. Pakistan was on the brink of a severe currency and fiscal crisis. But the EFF program was able to stabilize the economy, rebalancing the macroeconomic policy mix, and preventing a disorderly adjustment. During the first nine months of the progr...

12Apr

By Muhammad Dastageer ShamsNo Comments

Business

What is blockchain Technology?

Blockchain Technology There are nodes in a computer network that share a distributed database: a blockchain. It stores information electronically as a database. The blockchain is best known for its crucial role in cryptocurrency systems, such as Bitcoin, for keeping a secure and decentralized record of transactions. Blockchain technology promises fidelity and security to a record of data and generates trust without the need for a third party. The data is structured differently in a blockchain than in a typical database. Blocks, which hold groups of information, are the units that comprise a blockchain. The blocks have a certain storage capacity and, once filled, are closed and linked to the previously filled block, forming a chain of data known as the blockchain. Once a block has be...

9Apr

By Aqsa Azam1 Comment

Business

NFTs and even some worth Millions, Why?

With NFTs, Artwork can be "tokenized" to create a digital certificate of ownership that can be bought and sold. Do they really deserve to be worth Millions? Let's discuss. NFTs NFTs are Non-Fungible Tokens. At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency like bitcoin, dogecoin, Floki, etc. A few years ago no one has even thought of a little that CryptoCurrency will boom like this. Nowadays people are shifting towards cryptocurrency, towards digital currency. People think it is better and safer than paper money. With money, you can swap a $10 note for two $5 notes and it will have the same value. However, if something is non-fungible, this is impossible - it means it has unique properties so it can't be interchanged with somethin...

Srilankan economic crisis after anti-government protests

7Apr

By Muhammad Dastageer Shams1 Comment

Business

Srilankan economic crisis after anti-government protests

Srilanka Economic Crisis Sri Lanka has declared emergency rule after anti-government protests turned violent after experiencing a severe economic crisis. Economics Crisis partly caused by a shortage of foreign exchange, resulting in prolonged power cuts, price spikes, and a lack of essential items. On Thursday, protesters stormed President Gotabaya Rajapaksa's private residence in Colombo and clashed with law enforcement. Despite the president's statement that the move was made "in the interest of public safety," emergency rules severely restrict civil rights and give sweeping powers to the state to detain citizens. Sri Lanka's economic meltdown appears to be caused by several factors. This includes the 2019 Easter bombing, global travel restrictions due to COVID-19, and the blow...