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| Iran imposes curbs on foreign currency holdings Iran has restricted the amount of foreign currency Iranians can hold outside of banks to €10,000 as the government grapples with a severe US dollar shortage that has caused the rial to fall by almost a third this year. The central bank warned in a statement on Tuesday that if people failed to abide by the ...
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| What do falling oil prices mean for GCC currency pegs? Due to political disputes among Gulf Cooperation Council (GCC) countries and the dramatic decrease in oil prices, the GCC countries may face difficulties in sustaining their currency pegs. Even though the GCC has enjoyed fixed exchange rate regimes that are considered the ideal macroeconomic ...
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| Japanese banks to gain easier access to Hong Kong currency TOKYO -- The Bank of Japan will link its settlement system for Japanese government bonds with clearing systems at the Hong Kong Monetary Authority, making it easier for Japanese banks to raise Hong Kong dollars. Under plans announced on Tuesday, the central bank wil connect its BOJ-NET ...
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| Canadian Bartering Company Bunz is Releasing a Digital Currency "We're not offering any interference of the foreign exchange value because we're really just starting," the CEO mentions. "We've established a value with our shops, and we think it's an opportunity to learn from the communities themselves rather than trying to peg some value to this currency." ...
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