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| Mauritanians eye dollars, euros in currency revamp Standing around market stalls in the Mauritanian capital, Nouakchott, currency traders have twin causes for celebration -- the New Year and a surge in business. A revamp of the national currency is prompting many Mauritanians to haul out stashes of old banknotes, which they are rushing to convert into ...
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| Ripple becomes second most valuable crypto-coin A crypto-currency called Ripple has become the second most valuable virtual cash system. Over the weekend the value of the digital currency hit more than $100bn (£74bn) according to some market monitors. This valuation is higher than another popular crypto-cash system called Ethereum.
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| A question of currency Bitcoin was near the top of internet searches during 2017 and enthusiasm by potential miners and collectors is not likely to dampen anytime soon this year. Bitcoin was ranked second under ''global search'', an overview of what was trending in 2017 - a distinction indicating search volume was higher for ...
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| Diaspora inflows to stabilise currency as US economy grows High returns in local market seen attracting Kenyans to send money home. FILE PHOTO | NMG. In Summary. The US economy is seen gaining further momentum on favourable policies including prospects of tax cuts in 2018. Stronger growth in the US is likely to help maintain the momentum in diaspora ...
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| Rand resumes strong run, breaks below R12.30/$ On Tuesday the local currency resumed its strong run against the dollar, and by 10:37 the local unit was trading 0.64% firmer at R12.29/$. The rand had started 2017 at about 13.80 to the dollar. In the absence of data releases, currency watchers are expecting the local currency to be range bound, with ...
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| Euro hits four-month high as dollar begins year on back foot It finished 2017 with its best year against the dollar since 2003 as European economies strengthened and expectations the European Central Bank will wind down its monetary stimulus grew, boosting demand for the single currency. The euro started the year by adding to those gains, and climbing as ...
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| Performance of Iran's gold & currency markets on Jan. 2 Gold coin was traded in Iran at 14,960,000 rials (about $350.7 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 1,385,190 rials (about $32.4), indicating a 1.11 percent ...
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| Bitcoin Forbidden Under Islam, Top Imam Declares, Calling for Ban Egypt's top imam has endorsed a ban on trading in bitcoin, declaring the cryptocurrency "forbidden" under Islam. Sheikh Shawki Allam, the Grand Mufti, issued a formal fatwa on Monday stating that trading in the digital currency is "forbidden in Sharia, as it causes harm to individuals, groups and ...
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| BoE's research unit likely to submit central bank digital currency report this year A research group set up by the Bank of England is expected to submit its report on the prospect of the central bank digital currency in the next 12 months, ... The BoE has been exploring the potential of blockchain, the technology that underpins digital currencies such as bitcoin, for digital transactions.
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