Switzerland to Examine Introduction of E-Currency

The Swiss central bank is opposed to the introduction of a digital currency. The Swiss government by contrast has agreed to examine the issue more closely. A member of the Swiss parliament last week tabled a motion asking that the advantages and risks of a digital currency be more closely examined, and now the country’s cabinet has agreed, «Reuters»reported. More...

by Loknath Das | Published 3 days ago
By Loknath Das On Friday, May 18th, 2018
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Venezuela’s worthless currency turns into bags of money

As the sun sets in the sizzling border town of Cucuta, Colombia, Jesus Campos and his wife Gabriela, leave their humble home with several purses hanging from their necks. The couple, from neighboring Venezuela, More...

By Loknath Das On Friday, May 18th, 2018
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Twitter CEO Jack Dorsey Hopes Bitcoin Will Become the Internet’s Own Currency

The Internet will one day have its very own currency, Twitter and Square CEO Jack Dorsey told attendees at the Consensus blockchain conference on Wednesday. Dorsey, whose comments were earlier reported on by More...

By Loknath Das On Friday, April 6th, 2018
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Swedish currency to rise against euro, dollar and Norwegian crown: Reuters poll

OSLO/STOCKHOLM (Reuters) – Sweden’s currency is set to rally against the euro and dollar in the next year despite a weak first-quarter performance, and will also gain on the Norwegian crown, a Reuters poll More...

By Loknath Das On Friday, April 6th, 2018
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Forex reserves at life-time high of $424 bn as foreign currency assets rise

The country’s foreign exchange reserves hit a life-time high of $424.361 billion after rising by $1.828 billion in the week to March 30, helped by rise in foreign currency assets, the Reserve Bank said More...

By Loknath Das On Friday, April 6th, 2018
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Currency Market Calm Seen at Risk as Trade War Concerns Escalate

Global currency markets have remained remarkably sanguine even as mounting U.S.-China trade tensions roiled equities. How long can that uneasy calm last is the question strategists are now grappling with. Even More...

By Loknath Das On Thursday, March 15th, 2018
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WEEKAHEAD-AFRICA-FX-Ghana’s cedi seen firm, most currencies on back foot

ACCRA, March 15 (Reuters) – Ghana’s currency is likely to firm next week as most other African currencies come under pressure. GHANA Ghana’s cedi is expected to remain firm against the dollar on increasing More...

By Loknath Das On Thursday, March 15th, 2018
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After 16 months currency in circulation back to pre-demonetisation levels

There are several explanations being offered for this trend, though not all are willing to reject that digitisation of payments has not picked up at the pace it was earlier anticipated. Nearly 16 months after the More...

By Loknath Das On Thursday, March 15th, 2018
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Currency in use hits pre-note ban levels

Others believe the surge could be temporary due to elections in various states this year. MUMBAI: Currency in circulation had contracted to almost half the level of November 4 immediately after New Delhiannounced More...

By Loknath Das On Friday, March 9th, 2018
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Hong Kong central bank unmoved as currency hits 33-year low

HONG KONG (Reuters) – The Hong Kong Monetary Authority said on Thursday it had no immediate plans to issue bills to prop up the local dollar until it hit the limits of its trading band but warned that it had More...