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Mobile transactions during this period have increased almost 60 times and volume transacted in INR almost 900 times.
In addition, two thirds of global trade is transacted in dollars.
A huge amount of business is transacted in the "black" economy, in stapled wads of banknotes.
"From our initial investigation," the banks said in a statement, "it is clear that the foreign exchange deals were transacted in the normal manner.
The next 10 years will be very telling regarding how our system adjusts or fails to adjust to how business must be transacted in the new economy.
Quite a lot, as it turns out – because our international reputation for justice is not confined to litigation of the sort transacted in the Rolls Building.
Similar(16)
"The clear use of dollar bills for transacting in illegal goods, anonymous transactions, tax fraud, and services or speculative gambling make me wary of their use.
We're already transacting in it; we've made 75 standardized bandwidth transactions.
But, crucially, language is a tool, while culture is not: parties cannot transact in a culture; they must transact in a language".
It's the right to earn it and transact in it that matters.
American companies are spared the hassle of transacting in another currency.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com