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Malaysia currency forwards firm as vote shocks ease Forward contracts for Malaysia's currency rose, projecting a strengthening for the ringgit, after touching their lowest level since December in the immediate wake of the country's historic general election. One-month currency forwards for the ringgit strengthened 1.7 per cent to 4.0093 per dollar, leaving it ...
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US sanctions nine Iranians, entities over currency exchange network The Treasury said that it was working with the United Arab Emirates (UAE) to "disrupt an extensive currency exchange network in Iran and the UAE that has procured and transferred millions in US dollar-denominated bulk cash to Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) to fund ...
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Emerging Market Time Bomb: "Dollar is Our Currency But Your Problem" Take II President Nixon's Treasury Secretary, John Connally, famously told famously told a group of European finance ministers worried about the export of American inflation that the "dollar is our currency, but your problem." On August 15, 1971, in what's known as Nixon Shock, president Nixon directed ...
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Currency crisis? Indonesia has `very good' buffer, BofAML says Analysts, including those at Goldman Sachs Group Inc., are increasingly predicting that Bank Indonesia will raise rates to defend a currency that has dropped to a 2015 low. The rupiah has weakened 2.3 percent against the dollar this quarter and fell below the psychological 14,000 level on Monday.
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Venezuela fixes shipping service fees in euros and its virtual currency Petro Venezuela has fixed the price of shipping fees for services rendered to international vessels in euros or the virtual currency the Petro, which is backed by oil reserves. Fees covered are for mandatory services such as piloting, custody, towing, inspection and refloating, and they are to be paid to the ...
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