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...
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...
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...
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...
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...
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...
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...
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...
Asia’s biggest currency gain in 20 years may be about to end
Global funds pulled $1.02 billion from Indonesian bonds last week, the biggest five-day outflow since November 2016. Asian currencies may be on the verge of a correction after completing the best year in at least More...
Malaysia Disagrees With IMF Over Currency Management, Once Again
Malaysia, which defied the advice of the International Monetary Fund during the Asian financial crisis two decades ago, is again disagreeing with the agency over how to manage its currency. This time, it’s More...