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| Poor Venezuelans launch local currency amid cash crunch CARACAS, Venezuela (AP) — Hard cash is tough to find in Venezuela as the country struggles with financial hardship. So residents in the capital on Friday unveiled their own currency. The panal, which means honeycomb in Spanish, can be spent in just a few stores. But residents of one ...
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| Where will Pakistani rupee's decline stop? Overseas Pakistanis, local businessmen and the government were asking only one question last week: Where will the declining rupee stop? The currency fell 3.9 per cent to a 70-year low on December 8 at 109.50 against a US dollar. However, at the close of the day the dollar was trading at Rs107.50 in ...
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| Swiss banking giant boss says bitcoins 'not money', urges regulators to act "In my opinion, bitcoins are not money," he said, adding that the virtual currency had significant "design flaws". ... The currency is not an effective means of payment since it is not universally accepted, it is not a good measure of value since prices are not written in bitcoins and it is not an effective way to ...
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