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| China Ramps Up Threats To US Dollar As Reserve Currency The United States currently enjoys great privileges in the world due to its control of the global reserve currency. These privileges include an overpriced currency relative to its fundamentals and the ability to borrow large sums of money cheaply. China recently launched a yuan-denominated oil contract ...
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| Iran Bans Cryptocurrency to Stave off Currency Crisis The latest ban on cryptocurrencies, reported by the state news agency IRNA, follows the imposition of standardized exchange rates across the country earlier this month, a ban on money changing outside of banks, and limits on how much foreign currency citizens may hold outside of banks accounts.
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| Indian rupee falls for 6th day, crumbles 36 paise to 66.48 vs US dollar The dollar index, which measures the greenback's value against a basket of six major currencies, was up at 90.46. In the cross currency trade, the rupee firmed up against the pound sterling to end at 92.72 from last Friday's close of 92.98 and edged higher against the euro to settle at 81.23 as compared ...
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