Currencies

A recent survey cited by Reuters and conducted by the CFA Institute, a renowned worldwide association for bankers, investors, and finance chiefs, has shed light on the sentiment surrounding central bank digital currencies (CBDCs). The…

Curated By: Pritha MallickLast Updated: July 15, 2023, 19:37 ISTAbu Dhabi, United Arab Emirates (UAE)Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan during a meeting at Qasr Al-Watan, in Abu Dhabi. (Image:…

The Reserve Bank of India on Saturday signed two memorandums of understanding (MoU) with the Central Bank of UAE for establishing a ‘framework to promote use of local currencies like the Indian rupee and UAE Dirham’ for cross-border…

Sub-Saharan African currencies are on a downward spiral against the US dollar this year, spelling trouble for citizens and businesses alike. "We are unable to buy the same amount of goods we used to buy, our capital and trade volumes have…

External Affairs Minister S. Jaishankar with Tanzania Foreign Minister Stergomena Lawrence Tax during the 10th India-Tanzania Joint Commission on Economic, Technical and Scientific Cooperation, in Dar es Salaam on July 8, 2023 | Photo…

A halfpenny token issued by the Parys Mining Company of Anglesey in 1788. The hooded druid design was used for many years and was the first of hundreds of token…

The EU will take the next crucial step on Wednesday towards launching a digital version of the euro, a controversial project that has come under attack from the public, politicians and banks before it even exists.…

SINGAPORE : Oil nudged higher in early trade on Monday as an abortive weekend mutiny by Russian mercenaries raised questions about crude supply, though other financial markets started steadily with investors unsure of any further…

The US dollar’s role as world’s primary reserve currency for global trade was challenged at a finance summit in Paris by South African President Cyril Ramaphosa and his Brazilian counterpart Luiz Inácio Lula da Silva after the US Treasury…

The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday."CBDCs should not be fragmented…