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A currency war is taking shape around a weak dollar At the inauguration of the Trump administration in January last year, we said the world could see a currency war based on its economic agenda. This war seems to have finally broken out as the dollar unjustifiably took a nosedive by 15-17 per cent against the euro and pound in less than two months.
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Central banks should consider using digital currencies: China think tank BEIJING (Reuters) - Central banks should consider using digital currencies in cross-border payments that could cut transaction time and costs, researchers at the Chinese Academy of Social Sciences (CASS), a top government think tank, said in a report. Cryptocurrencies allow parties to transact ...
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Eggs the new currency as Venezuela economy cracks And with Venezuelans spending the moment they get their hands on bills, existing notes need to be replaced every seven to nine months, compared with a six-year lifespan for the US dollar bill, according to people familiar with the government's currency operations. One US dollar now fetches about ...
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100000 Indian cryptocurrency investors are now on the taxman's radar In December 2017, tax officials had surveyed virtual currency exchanges to collect transaction and investor data. And reports say that the number of people served notices may rise up to 500,000. For now, authorities are zeroing in on those who made significant profits, a lawyer who works with a few ...
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