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Cost of Hard Currency Tumbles in Zimbabwe Zimbabwe doesn't have its own currency, with the government adopting a basket of foreign currencies including the U.S. dollar and South African rand as legal tender in 2009 after hyperinflation rendered the local dollar worthless. A bond note is an instrument issued by the central bank that is, in theory, ...
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Egypt Lifts Remaining Currency Restrictions After Crunch Abates Egypt's central bank lifted its last remaining official foreign-currency controls, as a dollar shortage that stymied the economy receded since authorities ... The currency float, along with subsequent fuel subsidy cuts, helped Egypt finalize a $12 billion International Monetary Fund loan that bolstered investor ...
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Pound to euro exchange rate: GBP 'drifts higher' against EUR despite Irish border question Pound sterling has recovered some ground against the euro currency. The GBP currency now converts to €1.1198, according to figures at 7:20am this morning. It is up from a conversion rate of €1.1169 to the pound, accurate at this time yesterday. This positive movement for the pound follows a decline ...
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Bitcoin volatility raises currency market concerns By some measures Bitcoin has already passed $10,000, including on the CEX cryptocurrency exchange, but the listing on Reuters showed the cryptocurrency was up 1.63% at $9,887. Given recent volatility in the currency, however, it could conceivably reach five figures by the end of the day - or even ...
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