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SNB Chairman Views Cryptocurrency as Investment, Not Currency During an event this week, the Chairman of the Swiss National Bank offered a cautious assessment of digital currencies. According to a report from Reuters, Chairman Thomas Jordan suggested that Bitcoin and other cryptocurrencies should be viewed "more as an investment than a currency." He also ...
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Bitcoin jumps above $8700 to record high as largest US bitcoin exchange adds 100000 users The digital currency climbed above $8,700 to a record high Saturday following increased investor interest around the U.S. Thanksgiving holiday and Black Friday shopping. Bitcoin rose more than 6 percent to a record high of $8,725.13, according to CoinDesk, trading around $8,674 midday on Saturday.
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Mnangagwa vows to revive Zimbabwe's economy The bonds sparked a mix of hope and apprehension among a population desperate for a solution to the cash crisis but in 2008 and 2009 the state's central bank printed so much of its currency, that the country experienced mind-boggling hyperinflation that reached 500 billion percent, according to the ...
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Moody's gives SA short-term lifeline CAPE TOWN - Ratings agency Standard & Poor's has downgraded South Africa's local currency debt to junk status on Friday evening. This followed Thursdays affirmation by Fitch of SA's long-term foreign and local currency debt ratings at 'BB+', or "junk", with a stable outlook. The announcement saw ...
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EMERGING MARKETS-Colombia cenbank springs surprise rate cut; Mexico peso up In Mexico, the peso currency firmed by 0.21 percent to 18.57 to the dollar, though still weaker than the 17 to 18 pesos per dollar range Central Bank Governor Agustin Carstens considers reasonable. The Mexican central bank has repeatedly offered dollar hedging instruments in order to cushion the ...
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S&P downgrade: Finance ministry's policy resolve firms as it looks to 2018 Budget The finance ministry will be bold in its budget next year and will take decisive measures to strengthen SA's fiscal framework after S&P Global Ratings cut the country's local currency debt to "junk" status. "The 2018 Budget will outline decisive and specific policy measures to strengthen the fiscal framework ...
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