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Venezuelan city launches own currency to combat inflation A Venezuelan city has started to issue its own currency to alleviate the hyper-inflationary cash crisis in the country. The "Elorza" currency, with bills featuring the face of local independence leader Jose Andres Elorza, will be valid in Elorza city in western Venezuela, near the border with Colombia.
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Damaged currency proves costly Inordinate delay on the part of Reserve Bank of India (RBI) in revising guidelines for exchange of soiled/mutilated currency notes is proving costly for citizens who are left with damaged legal tender in denominations of ₹500 and ₹2,000. Unable to exchange them in any bank, they are forced to strike ...
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Foreign currency seized at airport One person was arrested for attempting to smuggle foreign currency worth Rs. 1.34 crore at Chennai airport on Sunday, in what customs department, claims to be the biggest seizure in the this year. Syed Durabudeen, 27, who was to fly to Dubai was detained at the international terminal after he cleared ...
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S. Korea unlikely to be on upcoming US currency manipulation list: BOK chief SEOUL, March 19 (Yonhap) -- South Korea will likely not be included on the upcoming U.S. currency manipulators' list despite rising trade tensions between the two countries, the central bank chief said Monday. "According to U.S. law, there is a low possibility that South Korea is designated as a ...
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