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| MIDEAST MONEY-Surge in foreign fund inflows sets stage for Egyptian boom CAIRO/DUBAI, Jan 7 (Reuters) - Encouraged by Egypt's economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic about prospects for the North African country after years of political turmoil. Foreign holdings of Treasury bills hit a record ...
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| Eritrea Closes Hundreds of Businesses for Bypassing Banks Replacing the currency. The government has taken other steps in recent years to reassert control over the economy. In 2015, Eritrea mandated that citizens exchange all notes of the currency, the nakfa, for new notes. The government also imposed financial restrictions, including limits on the amount of ...
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| How Asian Countries Are Welcoming Or Rejecting Bitcoin Phenomenon In mid-September, China's central bank, the People's Bank of China (PBOC), told virtual currency trading platforms based in Beijing and Shanghai to ... Hyper-wired South Korea was also a hotbed for virtual currencies such as bitcoin, accounting for some 20 percent of global transactions, about 10 times ...
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| Sudanese police scatter protest sparked by bread price hike The Sudanese pound has weakened since October after the United States lifted a 20-year-old trade embargo, prompting businesses to increase import volumes, putting pressure on already scarce foreign currency. The country devalued its currency, the pound, to 18 per U.S. dollar, more than double its ...
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| It's a new year of keeping up with technology Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. There are various types of cryptocurrencies but this is the one you hear about most often. As of April 2017, ...
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