local currency

Econography March 18, 2022 • 11:06 a.m. ET Renmibi…

Russia faced a crucial bond payment on Wednesday that could lead the sanctioned country to default for the first time since 1998, and its first major international default since the Bolshevik Revolution a year ago. century.Moscow was to…

The US Dollar (USD)/Indian Rupee (INR) should be trading in a high zone, but ideally the 23-year average should not be above 76-78 for 1 USD, with an appreciation bias , according to a report by the State Bank of India's Economic Research…

Most Nigerians are cynical about their country. So I hear most people asking if the country's economy hasn't already been destroyed. Well, my message has always been that our nation is what we make it.…

MANILA, Philippines — Philippine dollar reserves rose slightly in February as gold holdings at Bangko Sentral ng Pilipinas rose in value as prices rose. What's new Gross international reserves stood at $107.98 billion at the end of…

MANILA, Philippines — The peso could weaken further to 52 to the dollar as global oil prices continue to rise amid Russia's invasion of Ukraine and steadily rising consumer prices . After weakening further last week, BDO chief market…

He said the sanctions against Russia were very effective and disrupted Russia's financial system and crippled its central bank's ability to protect the country's currency, the rouble. Trading volumes between the cryptocurrency Tether…

Bitcoin price is doing very well on a stormy Monday morning as global markets come under pressure from sanctions against Russia. BTC is seeing increased interest as people in Russia dive into Bitcoin as an…

This Management's Discussion and Analysis of Financial Condition and Results of Operations section should be read in conjunction with "Financial Statements and Supplementary Data" included in Part II, Item 8 of this 2021 Annual Report and…

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By Anna Chibamu VICE President Constantino Chiwenga has said Zimbabwe will never return to the era of dollarization despite evidence that the Zimdollar is weakening sharply. Economists have even warned that the local currency…

ISLAMABAD: Over the past three and a half years, the local currency has depreciated by around 31% against the US dollar to settle at 175.86 rupees in the interbank market on Friday, February 18. Experts believe that this devaluation…

KARACH: Accelerating international geopolitical tensions over the Ukraine crisis pushed the international price of Brent oil up 5% on Friday to its highest level in seven and a half years at $95 a barrel. If Russia invades Ukraine,…

(Reuters) - Russian President Vladimir Putin is meeting Chinese leader Xi Jinping this week when he attends the Beijing Winter Olympics and they may seek to deepen trade ties in energy and other areas at a time when Moscow is at odds with…

NUR-SULTAN - The European Bank for Reconstruction and Development (EBRD) has invested $630 million in 18 projects in Kazakhstan in 2021, the bank's press service reported. The EBRD announced its intention to support the major road project…

India Inc has drawn up a list of demands for the 2022-23 budget to be presented by Finance Minister Nirmala Sitharaman on Tuesday. Ease of doing business, increased government spending, job creation incentive programs and a simplified…

Taipei, Jan 29 (CNA) The Taiwanese dollar climbed more than 2% against the US dollar in the Year of the Ox due to the country's strong export performance, and the upcoming Lunar New Year holiday could further boost demand as the amount of…

Interroll Holding AG / Keyword(s): Preliminary resultsStrong growth in sales and order intake 26-Jan-2022 / 06:30 CET/CESTPublication of an ad hoc announcement pursuant to Art. 53LRThe issuer is solely responsible for…

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Cooperation with the Financial Action Task Force could get the country off the gray list and strengthen its economy. In February 2021, the Financial Action Task Force (FATF) added Senegal to its gray list, indicating that the country does…

A photo of the currency vouchers currently in circulation in North Korea. /Image: Daily NK The North Korean authorities handed over the vouchers (Donpyo) released a positive assessment last year, and despite their…

“But, if the Aussie dollar appreciates, your return on your US$100 return will decrease as you convert your investment back into local currency,” he adds.In particular, investors can manage the currency risks in their portfolio by checking…

Our verdictIf you want to convert simple credit card spending into cash, this is one card that should definitely be on the shortlist. In addition, there is no annual fee. Barclaycard's Rewards card also includes some great features for…

Bitcoin in Spanish is a weekly newsletter from CriptoNoticias in which we review the most important news related to bitcoin, cryptocurrencies and blockchains in the Hispanic world. First bulletin of the Hispanic world of this year…

While Nigerians complain about the shortage of low-value naira banknotes, which are mainly used for economic transactions between the masses, experts have attributed this shortage to the high cost of printing the banknotes and the…

Forward-looking statements This Quarterly Report on Form 10-Q contains forward-looking statements concerning PriceSmart, Inc.'s ("PriceSmart", the "Company" or "we") anticipated future revenues and earnings, adequacy of future cash…

By VICTOR JUMA Kenya's net foreign assets fell by Ksh 87.1 billion ($ 769.7 million) in the year through September, the largest drop to date, indicating that local financial institutions have liquidated some of their portfolios…

Lawrence Agcaoili - The Filipino StarJanuary 2, 2022 | 00h00 MANILA, Philippines - After becoming one of the region's best-performing currencies in 2020, the peso depreciated near the $ 51-1 level in 2021 amid strong Philippine demand…

Chroniclers Kenya needs bold and broad economic thinking Friday, December 31, 2021 By JAINDI KISEROMore from this author Summary When traders hesitate to speak up it is usually that we are entering a period when…

The shilling has maintained stability throughout the year, fluctuating slightly around 1.0% since January. The local currency opened the year at 2,309/09 against the US dollar, which was almost similar to the 2,309/16 yesterday.…

Posted December 24, 2021 Central Bank of Nigeria Governor Godwin Emefiele said Nigeria plans to finance infrastructure projects with bank and pension funds. According to him, the federal government is seeking to reduce its external…

A blockchain-based payment system for the benefit of a large unbanked populationSmall countries have more to gain from digital currenciesLow levels of digital, financial literacy is a challengeBANGKOK, Dec. 22 (Thomson Reuters Foundation)…

By Makoto Nishibe, Senshu University and Adrian Black, 360info (Eds: EMBARGO: 07:00 IST 12/22/2021) Kawasaki (Japan), December 21 (360info) Japan, a pillar of the monetary society, goes digital as as the pandemic pushes payments into a…

“We are delighted to be a part of this innovative and promising project,” said Managing Director Leslie Hill. Record PLC (LSE: REC) announced that its Sustainable Finance Fund for Emerging Markets,…

Breadcrumb Links PMN company Author of the article: Release date : Dec 17 2021 • 29 minutes ago • 2 minutes to read • Join the conversation…

London - Citi today announced the expansion of its Cross-Currency Sweeps cash management solution to several European markets. The solution, Citi…

ECONOMYNEXT - Sri Lankan migrant worker Sampath * is now determined to send his salary from Dubai to his family via hawala, a traditional net settlement system that has facilitated trade for centuries.…

The internet has radically changed commerce and the opportunities for entrepreneurs and small and medium-sized enterprises (SMEs) globally. The ability of small traders and businesses to operate internationally has been a game-changer.…

The rupee plunged 23 paise on Monday to close at 75.12 (provisionally) against the US dollar, as investors became cautious of a new variant of Covid-19.In the interbank forex market, the local currency opened at 74.84 and experienced an…

How does this help?Essentially, it facilitates the flow of funds from capital-rich advanced economies to low-capital emerging market economies. By broadening the global investor base, capital account convertibility can help improve the…

There was one thing many of us struggled to study in schools in Karachi: English grammar in high school and composition by PC Wren and H. Martin. Some hated it but others loved it. It had been part of the study program in India since 1935…

At 9am, the local note eased to 4.2325 / 2365 against the greenback at 4.2295 / 2300 at yesterday's close. - Reuters photo KUALA LUMPUR, November 26 - The ringgit slipped further to open lower against the US dollar today as the…

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An exterior view shows the headquarters of the Central Bank of Russia in Moscow, Russia on March 29, 2021. A sign reads: "Bank of Russia". REUTERS / Maxim Shemetov / FilesRegister now for FREE and unlimited access to reuters.comRegister…

The money market did not accept Shaukat Tarin's assurance regarding the IMF (International Monetary Fund) program this time - the rupee rose 1.38 points (0.78%) from Monday and Tuesday - all as he took the news of the Saudi loan, which…

According to February 2021 "Unblock the African mini-grids market”Final report, 60% of the African population lives in rural areas. Only 5% of this rural population has access to modern electricity services. In most cases, these rural…

The super rich Kenyans had placed 771 billion shillings in dollar accounts by the end of August 2021 in a bid to protect their money as the shilling took a beating. The latest data from the Central Bank of Kenya (CBK) shows that…

“Euro Currency Rate Reserve Percentage” means, for any date: d. in the case of a revolving credit advance, the percentage (expressed in decimals) that is in effect on that date, as…

Today you can buy pre-1933 gold coins as collectibles or long-term investments. These coins were once circulating silver, including $ 2.50 quarter eagles, $ 5 half eagles, $ 10 eagles, and $ 20 double eagles.There are many…

Posted: October 27, 2021 at 3:07 a.m. EDT|Update: 1 hour agoSTOCKHOLM, October 27, 2021 / PRNewswire / -Highlights of the third quarterRecord sales with year-over-year revenue growth in all product segments, despite comparing to a quarter!-->!-->…

People use online betting bonuses because they like the idea of ​​getting something extra. Even though the majority of promotions for Nigeria and other countries require a deposit, you need to…

ZIMBABWE's struggling monetary system has led residents to hide money in their homes. But that also makes them targets. Tariro remembers hearing a sudden knock on his kitchen door, the kind of shuddering. She peeked out the window…

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On a weekly basis, the ringgit rose 190 basis points to 4.1560 / 1590 against the greenback on Friday from 4.1750 / 1800 a week earlier. - Reuters photo KUALA LUMPUR, Oct 16 - The ringgit is expected to undergo a technical…

Founded in 1924, MFS (Massachusetts Financial Services) had $ 685.5 billion in assets under management as of August 31, 2021. The company manages more than 80 portfolios, which invest in national and global…

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This article is an on-site version of the Unhedged newsletter. subscribe here Send the newsletter directly to your inbox on weekdays Hello. A hard day this Monday. Soaring energy prices seem to have caused one of our regular…

By Nathan Gurira No matter how well-intentioned and determined the Reserve Bank of Zimbabwe (RBZ) may be to eradicate rampant delinquency in the economy, the effort may count for nothing if other institutions inflame the situation…

Alex Nelson Malanga Dar es Salaam - While the Tanzanian government is still preparing for digital cryptocurrencies, economists have warned that the uniform adoption of modern…

A money changer counts ringgits at a store in Putrajaya on October 26, 2007. - Reuters pic KUALA LUMPUR, Oct 1 - The ringgit ended higher against the US dollar today, supported by improving sentiment towards the local currency, a…

© Reuters. MercadoLibre: expanding the e-commerce behemoth, with associated risks Free Mercado (NASDAQ :) is Latin America's most comprehensive e-commerce ecosystem in terms of unique visitors and pageviews. It…

CYBER Safety leader NortonLifeLock has been letting users mine cryptocurrency for months as Bitcoin's value climbs back after China's ban was announced. In June, a Norton Crypto feature was created to allow consumers to "easily and…

By Adedapo Adesanya The naira opened the week stronger against the US dollar in the investor and exporter (I&E) segment of the forex market on Monday, September 27. At the specialized counter, the local currency…

* Records a million visits in a few days after the unveiling according to the analyzes Obinna Chima The official website for the Central Bank of Nigeria's (CBN) next digital currency, eNaira, went live,!-->!-->…

According to a study by Channel analysis, the cryptocurrency economy in Africa grew by 1200% between July 2020 and June 2021. The value of transactions was estimated at US $ 105.6 billion during this period. This makes Africa the…

In the previous session on Thursday, the rupee closed at 73.64 against the US dollar. The Indian rupee slipped 4 paise to close at 73.68 (provisional) against the US dollar on Friday, after weaker Asian peers against the US…

The rupee fell 26 paise to close at a nearly four-week low at 73.87 against the US dollar on Wednesday due to a stronger dollar in foreign markets ahead of the outcome of the US Fed and US dollar meeting. concerns about Evergrande's…

The naira fell slightly against the US dollar in the official market on Monday due to the drop in the supply of currencies. According to data released by the FMDQ Stock Exchange where forex is officially…

Traders can trade notes of Rs1,000. - AFP / FileKARACHI: The rupee resumed its tumble against the US dollar on Monday, falling by around 53 paisas or 0.31% to reach Rs 168.72 on the interbank market. The rupee began its descent…

By Dipo Olowookere The popular website that tracks the exchange rate of the Naira against major foreign currencies, AbokiFX, has announced it will suspend its pending updates when it gets "better clarity" of the currency…

By Adedapo Adesanya The Naira appreciated against the greenback on Friday in the Investor and Exporter (I&E) segment of the forex (FX) market as the Central Bank of Nigeria (CBN) said it no longer recognizes exchange…

There are many ways to successfully hedge against inflation, one of which is to invest heavily in an asset class that has the potential to outperform the market during the time of inflation. Gold is a real world asset that is able to…

Online gambling has emerged as a major threat stretching from urban to remote rural areas, as various racket rackets…

The enthusiasm for the entry into force of the long-awaited Petroleum Industry Law has sparked a new wave of optimism that the planned wave of investment in the petroleum sector and the planned removal of fuel!-->!-->…

The rand was the worst performing emerging market currency this week. On Friday morning, the rand fell nearly 3% to R15.39 / $ -…

“Cryptocurrencies are extremely easy to implement in any business model” - Joe Downie, CMO of NiceHash. At the start of the year, the value of bitcoin was above the £ 41,180 mark. Now, as…

In much of Africa, many people still do not have access to basic financial services for many reasons. One of the reasons is that financial…

Boost to Syariah for SMEsAn easy-to-use syariah compliance toolkit for unlisted micro, small and medium enterprises (MSMEs) and crowdfunding platforms is a!-->…

The naira fell against the US dollar at official and unofficial rates on Friday, according to data released on both trading sessions. According to abokiFX.com, the local currency closed at N 510.00 for $ 1…

Bitcoin trading has always been widely adopted in countries with rapidly depreciating currencies. Nigeria, a country in West Africa, has always been at the forefront of BTC adoption in the region. The combination of a large population…

By Crystal Hsu / Journalist The country's foreign…

TAIPEI (Taiwan News) - In response to recent fluctuations in the world's major currencies against the US dollar, such as the euro and Japanese yen,…