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Salameh Says Lebanese Currency 'Safe', Denies 'Bankruptcy' Remarks Governor of Banque Du Liban Riad Salameh assured on Wednesday that the Lebanese currency is "safe and there is no crisis," slamming reports of "bankruptcy," LBCI said. "The Lebanese currency is doing fine. Rumors about bankruptcy are merely political bidding," he said on the sidelines of an ...
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US Bans Venezuela's Oil-Backed Virtual Currency, "Petro," and Announces Plans to Publish SDNs ... Last week, President Donald Trump issued an Executive Order banning "all transactions" and "dealings" by any individual or entity in the United States that involve "any digital currency, digital coin, or digital token" issued by Venezuela. This Executive Order was instituted just under a month after ...
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Rand Slips after Reserve Bank Cuts Interest Rate and Slates Currency as "Overvalued" The Rand weakened in London Wednesday after the South African Reserve Bank announced its first interest rate cut for nearly a year and said South Africa's currency is now "somewhat overvalued" following six months of gains. The South African Reserve Bank reduced the official cash rate by 25 basis ...
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