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Bitcoin Adoption in Africa Hinders EAC Plans for a Unified Currency Due to a declining economy and eroding national currencies, the East African Community (EAC), an intergovernmental central bank organization composed of six countries in eastern Africa have plans to adopt a unified currency. However, the growing popularity of bitcoin and other digital currencies are ...
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SBP allows use of Chinese Yuan for foreign currency transactions in Pakistan It may be mentioned here that after signing Currency Swap Agreement (CSA) with People's Bank of China (PBoC), SBP had taken a series of steps to promote use of CNY in Pakistan for bilateral trade and investment with China. SBP allowed banks to accept CNY deposits and give CNY Trade loans.
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Dollar slumps for 5th-straight day to lowest since September Although the shared currency slipped back from session highs, it traded around a level not seen since September. Elsewhere in Europe, the British pound GBPUSD, +0.6888% climbed to $1.3548 from $1.3502 on Monday. Against the Japanese yen USDJPY, -0.41% the dollar fell to ¥112.22 compared ...
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Office Of The Comptroller Of The Currency: Norman Williams Named Deputy Comptroller For ... The Office of the Comptroller of the Currency (OCC) announced today that Norman Williams has been appointed Deputy Comptroller for Economic and Policy Analysis effective January 7, 2018. Mr. Williams succeeds Gary Whalen who retired. In his new role, Mr. Williams will oversee three ...
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