Bhopal, Jan. 25 -- Shafi Lokhandwala, a former Design & Manufacturing Engineer at Ford Motors (USA), delivered an insightful PowerPoint presentation on "Understanding Monetary System" the other day at the Centre for Distance and Online Education (CDOE), Maulana Azad National Urdu University (MANUU), Regional Centre in Bhopal's Shanti Nagar campus.

Shafi Lokhandwala explained the evolution of the monetary system, the concept of money and currency, gold and silver-based economies, banking mechanisms, taxation systems and the role of global financial institutions.

He also elaborated on digital money, crypto currency, and Central Bank Digital Currency (CBDC), discussing their advantages, limitations and future implications.

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