Tag: foreign exchange
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Currency investing is making a comeback
These days, when investors talk about investing in currencies, they often think of crypto. But the hype around digital assets has drawn attention away from trading ... -
How Sanction-Proof Is Russia’s Economy?
Russia–Ukraine War Russia–Ukraine War By Christopher Miller·March 17, 2022 Fletcher School, Tufts University The problem: The United States and the European Union responded to Russia’s invasion ... -
Russia can’t use nearly half of its R9.6 trillion war chest due to Western sanctions
The ruble plunged after the West imposed sweeping sanctions on Russia. Sergei KarpukhinTASS via Getty Images. Russia’s finance minister has admitted that almost half of the ... -
China set to let Russian currency fall faster
BEIJING (AP) — China is easing government exchange rate controls to allow the Russian ruble to fall faster against the Chinese yuan to help shield Beijing ... -
Russia sanctions extend further to banking and hospitality sectors as US warns more to come
Sanctions against Russia extended further to banking and hospitality on Thursday as US Treasury Secretary Janet Yellen warned of new financial sanctions against Moscow for its ... -
Difficulties with the Ukrainian exchange in Latvia / Article
One of the areas strongly affected by the war is the national currency of the countries concerned. “Local residents and global financial markets are less likely ... -
UAH/RUB: Ukrainian hryvnia records 3 consecutive days of gains
Ukrainian hryvnia outperforms Russian ruble The ruble plunges in the tightening of sanctions Russian banks banned from SWIFT Russia’s economic data under the eyes On the ... -
Russian currency plummets as sanctions are imposed
Western sanctions left the rouble, Russia’s currency, tumbling to a record low. The news: The ruble fell around 30% against the US dollar after the United ... -
How Western sanctions could weigh on the Russian economy – POLITICO
The Russian economy is expected to feel the scorch from Western sanctions, which will prevent Russia’s biggest banks and companies from accessing the US dollar and ... -
Ukrainian currency extends losses, down 8% in 2022 – Refinitiv
KYIV, Feb 23 (Reuters) – Ukraine’s hryvnia weakened a further 1% to 29.4 to the dollar on Wednesday, extending a similar loss the day before on ... -
US sanctions could send ‘Russian economy into freefall’, CNAS member says
Edward Fishman, associate fellow at the Center for a New American Security, joins Yahoo Finance Live to discuss the power US sanctions would have on the ... -
Russian economy can do without the dollar and can be replaced by the euro or the yuan, according to Medvedev
GORKY, January 27. /TASS/. Russian Security Council Deputy Chairman Dmitry Medvedev believes the country can do without dollar payments if necessary, replacing them with euro or ... -
Nigerian currency is trading flat against the dollar
By Adedapo Adesanya The naira recorded a loss of 37 kobo or 0.09% against the US dollar on the investors and exporters (I&E) segment of the ... -
Ukraine to raise rates as jitters from Russia weigh on currency and inflation risks
A general view shows the headquarters of the National Bank of Ukraine in Kiev, Ukraine April 18, 2019. REUTERS/Valentin Ogirenko Join now for FREE unlimited access ... -
Erdogan blames Turkish currency problems on ‘foreign financial tools’ as central bank reserves fall
People shopping at the local market in Istanbul, Turkey on December 5, 2021. The depreciation of the Turkish lira has weakened the purchasing power of citizens. ... -
Decreasing impact of oil on the Russian economy and the ruble: review by Investing.com
© Reuters. by Yana Shebalina Investing.com – Before the start of 2014, and the introduction of the first powerful sanctions against Russia due to the situation ... -
Russia continues to stockpile gold and foreign currency
The country holds the fifth largest foreign exchange reserves Russian currency holdings rose 0.7% in the week ending Dec. 24, reaching $ 630.5 billion, according to ... -
Iraqi foreign exchange reserves increase due to currency devaluation and oil prices
Iraq’s foreign exchange reserves have risen from $48 billion to $64 billion since Iraq devalued its currency nearly a year ago, Iraqi Central Bank Governor Mustafa ... -
Iraq’s foreign reserves rise due to currency devaluation and oil prices – central bank governor
Iraqi Central Bank Governor Mustafa Ghalib speaks during an interview with Reuters in Baghdad, Iraq, December 14, 2021. REUTERS / John Davison Register now for FREE ... -
Iranian president slammed for blaming currency drop on manipulators
Iran’s president blamed saboteurs after the rial fell to 300,000 to the dollar on Saturday, with European and American officials expressing pessimism over the nuclear talks. ... -
Nigerian currency loses 0.02% against the dollar
By Adedapo Adesanya It was a stalemate between the naira and the US dollar in the Investor and Exporter (I&E) segment of the forex (forex) market ... -
No U.S. and China Currency Handler Tags Under Watch
WASHINGTON: The Biden administration will not name any country as currency manipulator, but it has named China, Vietnam and Taiwan among nations that have broken global ... -
Turkey appoints new finance minister amid falling currency
ANKARA: In a decision taken on the night of December 2, Turkish President Recep Tayyip Erdogan appointed Nureddin Nebati as the country’s new treasury and finance ... -
Factbox: Yellen’s Watchlist for U.S. Currency Manipulator Tag
U.S. Treasury Secretary Janet Yellen, former chairwoman of the Federal Reserve, holds a news conference in Washington, U.S. December 13, 2017. REUTERS/Jonathan Ernst/File Photo Join now ... -
Analysis: the rise of the dollar arouses volatility in the foreign exchange markets
A US dollar banknote is seen in this illustration taken November 23, 2021. REUTERS / Murad Sezer / Illustration Register now for FREE and unlimited access ... -
Analysis-Soaring dollar arouses volatility in currency markets | The powerful 790 KFGO
By Saqib Iqbal Ahmed and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Volatility rises in currency markets, as bets on how aggressively central banks will tighten monetary ... -
Yemen tackles currency woes, but IMF reserves remain untapped
Bundles of Yemeni rial banknotes are pictured at the Central Bank of Yemen in Aden, Yemen on December 13, 2018. REUTERS / Fawaz Salman / File ... -
Taliban Ban Use of Foreign Currency Across Afghanistan | New
The Taliban say those who continue to trade using foreign currency will face legal action. The Taliban have announced a total ban on the use of ... -
Russians source foreign currency, prefer US dollar to euro
Russian currency exchange transactions in September rose 30% on an annual basis, according to analysts at Russian Standard Bank. The study looked at transaction amounts, average ... -
Burma faces currency decline and dollar tightening as economy worsens | Business and Economy News
Myanmar grapples with a plummeting local currency amid an unprecedented dollar shortage, raising the cost of imports and exacerbating the economy’s struggle with the twin challenges ... -
Active participation of the Moscow Stock Exchange in the Uzbek financial market to create liquidity in foreign currency
BAKOU, Azerbaijan, October 9 By Fakhri Vakilov – Trend: The growing activity of the Moscow Stock Exchange in the financial market of Uzbekistan will create the ... -
Zimbabwe: currency manipulators on the prowl
Daniel Nemukuyu – Survey Editor CURRENCY manipulation by companies fixing their prices in Zimbabwean dollars at black market exchange rates has reached levels where some stores ... -
Myanmar’s central bank sees currency stabilize thanks to new measures
Reuters Fri Oct 8, 2021 12:00 AM Workers count Myanmar kyat banknotes at a local bank office in Yangon. Photo: Reuters / File “> Workers count ... -
Myanmar’s central bank sees currency stabilize thanks to new measures
Workers count Myanmar kyat banknotes at a local bank office in Yangon, April 2, 2012. REUTERS / Soe Zeya Tun / Register now for FREE and ... -
Zimbabwe c.bank revises up its year-end inflation forecast as currency weakens
HARARE, Oct. 4 (Reuters) – Zimbabwe’s annual inflation rate could end the year between 35% and 53%, down from an earlier estimate of 25% to 35%, ... -
Payments of funds in Afghanistan limited to local currency – Sources | World news
LONDON (Reuters) – The Afghan central bank has ordered banks to pay remittances in local currency only, the latest move to preserve scarce U.S. dollars, people ... -
Iranian currency drops to new low for the year against the US dollar
Amid Iran’s lingering economic crisis and delayed nuclear negotiations with world powers, the US dollar hit 275,000 rials on the Tehran foreign exchange market on Sunday, ... -
Biden freezes Afghan currency reserves to cut Taliban money
The Biden administration has frozen billions of dollars in Afghan foreign exchange reserves and other assets held in U.S. bank accounts following the Taliban’s takeover of ... -
Virtual Currency Legal Report – Week of July 19 – Technology
Weekly Fintech Focus Members of Congress reintroduce bill to define digital assets President’s Financial Markets Task Force Meets To Discuss Stablecoins President Gensler Notes SEC Focuses ... -
Virtual Currency Legal Report – July 2021 # 2 | Perkins Coie
Weekly Fintech Focus Members of Congress reintroduce bill to define digital assets President’s Financial Markets Task Force Meets To Discuss Stablecoins President Gensler Notes SEC Focuses ... -
Iranian currency drops after presidential vote and no deal with US
The Iranian rial has hit new lows since the election of Ebrahim Raisi, a hard-line president, in a controversial vote that prevented his main rivals from ... -
Russia does not want to abandon the dollar as a reserve currency or a means of payment – Putin – Business & Economics
ST. PETERSBURG, June 5. / TASS /. Russia does not intend to completely abandon the dollar as a reserve currency or as a universal means of ... -
Digital euro could boost international use of single currency, ECB says
Workers hold up the huge euro logo outside the headquarters of the European Central Bank (ECB) in Frankfurt, December 6, 2011. REUTERS / Ralph Orlowski / ... -
Hryvnia holiday – Ukrainian exchange rate outlook this summer – UNIAN
The Ukrainian currency recently showed an uptrend after slipping in April amid Russia’s military escalation. So, should Ukrainians be worried about the hryvnia exchange rate over ... -
Reforming the Russian Economy: The COVID-19 Crisis and Beyond
The impact of the recession on Russia at this particular moment in geopolitical history will impact its foreign policy trajectory in very specific ways. As the ... -
Russian economy breaks free from oil curse
By Leonid BershidskySigns are mounting that Russia’s economy will not die a painful death, but is just getting some powerful, long-awaited medicine. The country recorded unexpected ... -
Russian currency reserves are running out
Vladimir Putin in 2011. Maxim Shipenkov / Reuters Russia’s foreign exchange reserves fell an additional $ 6.4 billion last week as the central bank and the ... -
What will be the consequences of the Russian currency crisis? – European Council on Foreign Relations
The collapse of the ruble at the end of 2014 was obviously triggered by the fall in the price of oil. However, the Russian currency has ... -
Russian economy in crisis: Apple now stops all sales in the country because it cannot fix prices when the ruble is so volatile
Tech giant Apple has halted sales of iPhones, iPads and other products in Russia, saying the country’s currency is too volatile to set prices. The value ...
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