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| Russian Finance Ministry to Increase Foreign Currency Buying in 2018 MOSCOW (Reuters) - The Russian finance ministry plans to increase purchases of foreign currency for its reserves next year, reducing ruble volatility ... Finance Minister Anton Siluanov said the finance ministry could spend around 2 trillion rubles ($35 billion) on foreign currency next year if Urals prices ...
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| Sudan to Devalue Currency S udan is to devalue its currency to 18 Sudanese pounds per dollar in January from the current exchange rate of 6.7, the finance minister said on Tuesday, Reuters reported. The International Monetary Fund urged Sudan earlier this month to float its currency to boost growth and investment, but the ...
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| Should You Buy Bitcoin? Cryptocurrency Price Rebounds but Dangers Could Lie Ahead in 2018 JPMorgan Chase CEO Jamie Dimon has called the currency a "fraud," and billionaire Warren Buffett said it was a "mirage," while officials overseas in China and Singapore are working to regulate the tokens. Singapore officials warned last week against the cryptocurrency, saying the increases were ...
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| Contrarian Who Got the Yuan Right Says the Rally Has Further to Go That's according to Peter Rosenstreich, head of market strategy at Swissquote Bank SA, who says strong economic growth, higher local borrowing costs and a weaker greenback will support the currency. The Gland, Switzerland-based lender predicted at the end of last year that the yuan would ...
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| Performance of Iran's gold & currency markets on Dec. 26 Gold coin was traded in Iran at 14,018,000 rials (about $336 according to the currency rate in Iran's free market) on Tuesday. According to data on the website of the Tehran Gold and Jewelry Union, one gram of the 18-karat gold was priced at 1,300,920 rials (about $31.1), indicating a 0.21 percent ...
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| Bitcoin bounces back over $US16,000 as rebound begins Bitcoin rallied past $US16,000 ($20,705) on Tuesday US time as traders of the world's biggest digital currency sought to draw a line under its rollercoaster five-day slump. The tokens rose 16 per cent to as much as $US16,132.09, the biggest gain on a closing basis in more than two weeks and the first in ...
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| Regulators need to look at the flaws beneath crypto-currencies Finance Minister Arun Jaitley, on December 1, said that the government did not recognise the crypto-currency as legal tender. Similarly, the Reserve Bank of India (RBI) has so far issued three notifications related to BTCs and other crypto-currencies, warning investors and citizens of the risks involved.
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| The Barriers to Mainstream Adoption of Digital Currencies In the digital currency market, there are over 3 million active users with a combined market capitalization of $600 billion. Finance experts are therefore questioning whether digital currencies have crossed the chasm into mass mainstream adoption. Although bitcoins and altcoins are gaining popularity, ...
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| Two held with fake currency of Rs One Lakh Seventy thousand by Delhi Police New Delhi, Dec 26 (UNI) A special staff team of Central district police has nabbed two people from the Old Delhi area, busting a syndicate involved in circulation of fake Indian Currency Notes (FICN) of RS 2000 and Rs 500 denomintions, recovering around Rs 1,70,000 of the fake money from their ...
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| Rupee snaps 2-day rise, slips 3 paise to 64.08 Reversing its two-session uptrend, the rupee today ended lower by 3 paise at 64.08 against the US currency in a quiet trade due to stray month-end ... Domestic currency oscillated within a narrow trading range and struggled for a firm direction as traders preferred to stay near the fence in absence of any ...
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