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The curious case of fake currency notes from the "Children Bank of India" On Sunday, April 22, a retired health worker named Ashok Pathak went to a United Bank of India (UBI) ATM in the Subhash Nagar neighbourhood of Bareilly, Uttar Pradesh, to withdraw some money. But among the notes totaling Rs4,500 that the counter dispensed was one very convincing fake Rs500 ...
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Oil Exporters Ditching Dollar, Switching to Other Currencies "The dollar in Iran has no place in our transactions today, with traders preferring alternative currencies for their transactions. There's no longer any need to continue using dollar-based invoices," said Mehdi Kasraeipour, the Central Bank's Director of Foreign Exchange Rules and Policies Affairs.
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Heat is on emerging market currencies with Indonesia stepping in JAKARTA: From Indonesia to India, central banks in emerging markets face rising pressure to prop currencies battling a surging US dollar. Indonesia's central bank has intervened in the currency and bond markets by a "sizable" amount, Governor Agus Martowardojo said in a statement overnight.
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