Fifty-five thousand pound (25,000KG) truck is swallowed by a sinkhole off of a highway in Georgia.
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.
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.
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.
LUSAKA (Reuters) – Zambia’s kwacha weakened more than 1 percent on Tuesday on tight dollar supply, sending the currency of Africa’s second-largest copper producer down 1.25 percent to 11.25 per dollar by 1302 GMT.
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.
(AL-HAYAT MEDIA CENTRE OF IS) – Like most Islamic State videos, it’s a slick production… this time announcing the creation of a new currency.
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”.
China Central Television (CCTV) – The London Stock Exchange on Wednesday launched a yuan-denominated money market fund, allowing investors direct access to the Chinese interbank lending market.