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EU single currency reform won't be 'perfect': Moscovici EU Economic Affairs Commissioner Pierre Moscovici said Sunday he does not expect a "perfect" accord on reforming the single currency at an EU summit in June. "We won't get everything, we won't have a perfect accord, but if there is progress on crisis management, the ability to combat shocks... we ...
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Mutilated notes: CBN reduces currency sorting charges to N1,000/box A box of naira notes contains 10,000 notes, hence with the reduction, banks will now pay N1,000 as currency sorting fee for a box of N50 which contains N500,000; N1,000 for a box of N20 notes which contains N200,000; N1,000 for a box of N10 which contain N100,000; and also N1,000 for a box of N5 ...
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Naira as trade currency Unexpectedly the cheering news filtered in as the United Kingdom announced its preparedness to include the Naira as one of three currencies in West Africa to be accepted for trade transactions by the British Government. Specifically this information was released by no other than Paul Arkwright, the ...
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Police on the hunt for bitcoin users in Bangladesh The trading of the popular virtual cryptocurrency is illegal in Bangladesh, but the trading and usage of this currency is still rampant – a fact that has riled Bangladesh Bank. Officials of the central bank have warned all other commercial banks in the country to be wary of bitcoin users. The Foreign ...
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Asia set for a mixed session as markets in Greater China remain on holiday Meanwhile, in the currency market, the Japanese yen traded at 106.37 to the dollar, strengthening from levels above 108 in the previous week. The Australian dollar traded at $0.7907 at 6:37 a.m. HK/SIN, falling from levels near $0.7980 reached last week. Elsewhere, the dollar index last traded at ...
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