Tag Archives: Currency

05Aug/17

Bitcoin trading needs stringent regulation, supervision: market makers and players

China Central Television (CCTV) – More irregularities about the concocted online payment unit, bitcoin, have aroused more concerns of monetary regulators everywhere. Continue reading

15Jan/17

Lady Liberty shown as black woman on U.S. coin for first time

The United States Mint unveils a $100 gold coin featuring an African-American woman as the face of Lady Liberty for the first time in the history of U.S. currency.

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22Nov/16

UK wealth falls $1.5 trillion after Brexit FX moves: Credit Suisse

Britain is $1.5 trillion poorer in dollar terms due to the fall in the pound since the vote to leave the European Union, according to a new study on global wealth. But Credit Suisse also predicts that around 945 billionaires will be minted around the world in the next five years.

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24Oct/16

Zimbabwe cash shortage brings back ‘bad memories’

Zimbabwe’s fragile economic situation is lurching towards fresh depths amid indications that United States dollar denominations are disappearing from circulation. The development has triggered speculation of a conspiracy to wipe out US dollar notes to pave way for the planned introduction of bond notes, a local currency by the government. Last week Zimbabwe cleared its 15-year-old financial arrears with the International Monetary Fund, a first step towards a new IMF loan program for the cash-starved country.
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30Nov/15

IMF approves China’s yuan for benchmark currency basket

International Monetary Fund chief Christine Lagarde announces the Chinese Yuan will be added to the Special Drawing Rights (SDR) basket alongside the dollar, euro, pound sterling and yen.
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24May/15

‘Catastrophic’ for Greece to leave euro – Varoufakis

Greek Finance Minister Yanis Varoufakis says it would be “catastrophic” if Greece left the euro, predicting it would herald “the beginning of the end of the common currency project”.

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