Italia Top 100

Main Menu

  • Home
  • Italy news
  • Italy time
  • Italy currency
  • Italy cities
  • Italy economy
  • Privacy Policy
  • Terms and Conditions

Italia Top 100

Header Banner

Italia Top 100

  • Home
  • Italy news
  • Italy time
  • Italy currency
  • Italy cities
  • Italy economy
  • Privacy Policy
  • Terms and Conditions
Italy currency
Home›Italy currency›GDP: the currency used at a record 14.5% of GDP in the midst of a “dash to cash”

GDP: the currency used at a record 14.5% of GDP in the midst of a “dash to cash”

By Robert D. Baxter
November 8, 2021
0
0
The ratio of currency in circulation to GDP hit a new high of 14.5% for fiscal year 2020-21 amid increased demand for liquidity and declining GDP.

However, demonstrating that the digital switch-over and silver-intensity are not mutually exclusive, there is also an increase in all forms of digital payment on the occasion of the fifth anniversary of demonetization, which it is the unified payment interface (UPI), credit and debit cards or FASTag. .

The post-pandemic increase in currency in circulation has been a global phenomenon, described as a “dash to cash” under conditions of extreme uncertainty. This has been experienced by the United States, Spain, Italy, Germany, France, Brazil, Russia and Turkey as well.

Meanwhile, digital payments are almost three times what they were in fiscal 2018. The Reserve Bank of India’s digital payments index, which has 2018 as its base year at 100, increased to 270.

It also takes into account the spread of digital, taking into account the growth of the payment infrastructure.

Indicators show that the informal economy has fallen to 20% of GDP from 40% a few years ago, according to SBI group chief economist Soumya Kanti Ghosh.

It is comparable to Europe and much better than in Latin American countries where the size of the informal economy is estimated at 34%.

Tagsunited states

Categories

  • Italy cities
  • Italy currency
  • Italy economy
  • Italy news
  • Italy time

Recent Posts

  • Shredding musical and fantasy templates for “The Wheel of Time”
  • Switzerland will facilitate the exchange of Ukrainian currency in accordance with the EU
  • Online payday loans near me for bad credit
  • Micromobility operator Helbiz announces plans to acquire Wheels
  • The report touches on most of the industry scenarios like (Key Players, Developments, Trends and Forecasts 2030) – San Juan Independent

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • March 2021
  • February 2021
  • January 2021
  • April 2020
  • March 2020
  • June 2019