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SNB's Jordan sees crypto currencies as more of investment than currency ZURICH (Reuters) - Swiss National Bank Chairman Thomas Jordan is cautious about crypto currencies, saying he sees products like Bitcoin as more of an investment than a currency at present. "Central banks are working on this [the issue of crypto currencies] very intensively," he told an event in Basel ...
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Gambia: Central Bank to Replace Jammeh's Face On Currency The governor of the Central Bank of The Gambia, Bakary Jammeh, has said that the country will begin replacing currencies bearing former leader's face with ones called family notes. "When you print millions, you will have to charge million to your profit and loss expense. We developed a strategy here at ...
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CBK to unveil new currency design by June 2018 The Central Bank is set to unveil the design of the new currency notes by June next year despite the ongoing case against the currency printing tender. CBK Governor Dr. Patrick Njoroge says the move is in compliance with the constitutional requirement of removing images of past presidents on the ...
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Another Growth Frontier For ETFs The VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (NYSE: EMLC) controls a tidy $4.2 billion of that total. Although the Federal Reserve and some other developed markets central banks are considering interest rate increases, rates are low and, in some cases, negative, throughout the ...
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Kenya needs to guard against oil resource curse This photo taken on July 13, 2014 shows the oil exploration site in Nakukulas village, Turkana County. Kenya will receive a lot of foreign currency when the sale of crude oil to other countries begins. PHOTO | NATION MEDIA GROUP ...
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Europe close: Gains in single currency cap upside on Dax Stocks on the Continent finished off their best levels of the day as the euro approached a two-month high after Germany's SPD said it was open to talks with Angela Merkel's CDU/CSU. Speaking to DPA after eight hour long talks that stretched into the early hours of Friday, SDP Secretary General ...
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Rupee slips from 3-week high, ends at 64.70 In cross-currency trades, the rupee dropped further against the pound sterling to finish at 86.13 from 85.96 per pound and also remained subdued against ... Elsewhere, the common currency euro rallied to a fresh six-week high against the US dollar following the release of the German IFO survey which ...
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FOREX-Euro hits six-week high on growth outlook optimism LONDON, Nov 24 (Reuters) - The euro hit a six-week high against the dollar on Friday, with investors optimistic about the strength of the euro zone's recovery after strong economic data this week. The single currency is up around 0.6 percent since Monday , putting it on course for a third straight week of ...
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