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| Fear and uncertainty: Iranian currency hits all time low Some Canadian-Iranians are faced with fear and uncertainty as the value of the rial, the currency of Iran, hits an all time low. The rial plummeted to a record low, sinking to 60,000 against the U.S. dollar, before Iranian authorities set a fixed rate of 42,000 and warned Iranians they would face penalties for ...
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| 'Cannot distinguish new currency notes': Visually impaired people protest in Kerala Around 15 visually-impaired persons from Thiruvananthapuram protested outside the State Secretariat on Wednesday evening, to bring to the attention of the government the difficulties they face while handling the new currency notes in circulation since demonetisation. The protesters held up posters ...
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| UPDATE 1-Iran switches from dollar to euro for official reporting currency LONDON, April 18 (Reuters) - Iranian government institutions will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said on Wednesday as part of the country's effort to reduce its reliance on the American currency. The decision was made at a cabinet meeting, state ...
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| Bitcoin Is Failing As Currency, Says Aswath Damodaran Cryptocurrencies might not be a fad, but they are definitely failing as currency, said Aswath Damodaran, professor of finance at the NYU Stern School of Business. The only way to value the likes of Bitcoin correctly is to recognise that it's a speculative investment and not a currency, said Damodaran who ...
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| Leader: Foreign spies behind currency hype TEHRAN – Leader of the Islamic Revolution Ayatollah Ali Khamenei said on Wednesday that foreign spies have been working behind the scenes to create a foreign currency crisis in Iran. "The role of foreigners and their intelligence services was obvious in the recent chaos in Iran's currency market," ...
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