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| Commission proposal for cheaper euro transfers and fairer currency conversions Under current rules, there is no difference for euro area citizens or businesses if they carry out euro transactions in their own country or with another country of the euro area. In March 2018, the Commission presented a proposal to extend this benefit to non-euro countries. This will allow all consumers ...
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| Growing Pains in the Cryptocurrency Industry Digital currency of various forms has existed since the early days of the internet. The first functional cryptocurrency, Bitcoin, was released in 2009 by an anonymous person or group who went by the moniker Satoshi Nakamoto. In the paper with which Nakamoto announced Bitcoin, they described the ...
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| Libor's Ascent Is New Culprit for Hedged Treasury Yields Near 0% U.S. three-month Libor has jumped about 60 basis points in 2018 amid Federal Reserve rate hikes and a flood of Treasury bills. That deluge is pushing up rates on commercial paper, feeding back into higher Libor. As for the cheapening cross-currency basis, it starts with the U.S. tax overhaul, according ...
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| Depreciation of Angola's currency will slow, governor of central bank says The depreciation of the kwanza against the major currencies, such as the dollar and the euro, will tend to decline progressively, the governor of the National Bank of Angola (BNA) said in an interview with Angolan newspaper O País published on Tuesday. "This will happen as the market feels the effects ...
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