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| Another Fiat Currency Bites the Dust To slightly amend a quote from the classic film Fight Club, "On a long enough timeline, the survival rate of every fiat currency is zero." The deteriorating economic situation in Venezuela has added the country's currency, the bolivar, to this ever-growing list.
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| Don't worry about the Hong Kong dollar but watch out for higher rates, city's financial chief says Hong Kong's monetary authority spent HK$9.96 billion (US$1.27 billion) to prop up the city's currency last week, but while the move is no cause for alarm, people should not expect the low-interest rate environment in the city to last forever, according to a blog by the financial secretary. The Hong Kong ...
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