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| What Could Dethrone The Dollar As Top Reserve Currency? The IMF just released its report, Currency Composition of Official Foreign Exchange Reserves (COFER) for the fourth quarter 2017. It should be said that the IMF is very economical with what it discloses. The COFER data for the individual countries - the total level of their reserve currencies and what ...
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| Man carrying $10 million in US currency arrested at Tijuana airport A man carrying $10 million in U.S. currency was arrested Friday at Tijuana's A.L. Rodriguez International Airport, authorities said. The man was taken into custody after he tried to pick up the money — bills of different denominations that had been stuffed into 31 white plastic sacks, according to a ...
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| Bitcoin is Making Currency Manipulation Difficult for Central Banks Bitcoin was largely created as a means of undermining the control of governments and traditional financial institutions. Now, the dominant cryptocurrency by market capitalization is making it difficult for governments and central banks to manipulate their own fiat currencies.
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| Solving Cuba's Two-Currency Dilemma Is Not So Difficult HAVANA TIMES — If you ask any Cuban to list the most pressing economic problems that need to be solved, they will mention our dual currency. The media's united push to make this "problem" the keystone of economic ideas is such that it might be the first thing you think about. Once again, the ...
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| Nepali central bank's investment in Chinese currency rises five times in five years KATHMANDU, March 31 (Xinhua) -- Nepal's central bank's investment in Yuan-based Chinese securities had increased by nearly five times over the last five years, Nepal Rastra Bank (NRB) said. The NRB first got a quota of investing up to 1.2 billion Yuan (190 million U.S. dollar) from People's Bank of ...
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| Two with fake currency held in Karak A press release issued from the office of district police officer Furqan Bilal informed on Friday said two currency smugglers identified as Aamirullah and Qasid Khan, residents of Shaggi area, were smuggling fake Pakistani currency to circulate it in the local markets, but a party of Teri police station led by ...
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| Venezuela tries to pay Russian debt using Digital Currency Petro While Venezuela was hoping for Petro to succeed as a cryptocurrency in order to use it to pay the debts it owes to Russia, the sanction put on the currency by the United States gave a big blow to its valuation in the open cryptocurrency market. Now, the Russian Finance Ministry has announced that it ...
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| Bitcoin bust? Price falls below $7000 – a third of its value earlier this year The digital currency has slumped roughly 50% since the start of the year, dropping below $7,000 on Friday morning in Asia. Less than four months ago, it was trading close to $20,000. [Prices rallied a bit later in the day, closing at $7,117.13, according to CoinDesk.] The latest losses follow moves to step ...
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China's 'petro-yuan': The end of the dollar hegemony? China, the world's biggest oil importer buys around nine million barrels of oil every day and it wants to use its own currency to price the world's most-traded commodity. The US dollar has been the main currency for oil futures contracts, so launching a contract in its domestic currency is a sign that China ...
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| FBI Warns of Crypto Scammers Posing as Exchange Support Staff The Federal Bureau of Investigation (FBI) has published a document seeking to warn citizens of the increasing prevalence of scams executed through fraudulently posing as technical support staff for a company. The FBI's notes that virtual currencies are becoming "increasingly targeted by tech support ...
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