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2 mins read
Currency notes with Anupam Kher picture used to con bullion trader of 2.1 kg gold
Thakkar filed a complaint with the Navrangpura police station, detailing how he was tricked into…
PTI
1 min read
A cash-strapped region of Argentina has created its own currency amid the country's economic struggles
La Rioja made its own currency to boost the local economy after the national government cut cash tr…
Kelly Cloonan
1 min read
RBI, Bank Indonesia sign pact to promote use of local currencies for bilateral trade
The Reserve Bank of India and Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding …
PTI
2 mins read
Rupee recovers 5 paise from all-time low to 83.65 against US dollar in early trade
At the interbank foreign exchange market, the local unit opened at 83.66, and touched an early …
PTI
2 mins read
Rupee falls 17 paise to close at 83.60 against US dollar
The rupee depreciated 17 paise against the US dollar and settled at 83.60 (provisional) on Wednesda…
PTI
2 mins read
Rupee opens flat against US dollar in early trade
At the interbank foreign exchange market, the local unit moved in a narrow range. It opened at …
PTI
1 min read
RBI to allow opening of rupee account outside India
The RBI said it has finalised a strategic action plan for 2024-25 and envisaged liberalisation …
PTI
1 min read
Rupee opens on flat note against US dollar in early trade; Underperformance partly due to election worries
The rupee opened on a flat note against the US dollar in early trade on Friday, weighed down by a n…
PTI
2 mins read
Rupee falls 7 paise to settle at 83.35 against US dollar
The rupee declined 7 paise to close at 83.35 (provisional) against the US dollar on Friday as a str…
PTI
2 mins read
Everyone is visiting Japan. An extended currency slump means the tourists will just keep coming.
Tourists are staying longer and spending more as the yen continues its slide against the dollar.
Shubhangi Goel
2 mins read
China-based BRICS bank aims to de-dollarize debt by expanding local currency lending
The New Development Bank has plans to expand lending in Brazilian, South African, and Indian curren…
Filip De Mott
1 min read
India's central bank urges lenders to de-dollarize trade with the UAE using local currencies
The Reserve Bank of India is pushing for non-dollar trade with the United Arab Emirates, sources to…
Filip De Mott
2 mins read
Taking dollarization to the next level: Here's a look at countries using the greenback as local currency
Argentina's election of dollarization candidate Javier Milei puts it a step closer to adopting the …
Filip De Mott
2 mins read
Zimbabwe just introduced a new gold-backed currency in an attempt to fight inflation and wean off the US dollar
The gold-backed ZiG is Zimbabwe's sixth attempt at a new currency since 2008.
Huileng Tan
2 mins read
A defiant Putin renewed calls for countries to trade with Russia using local currencies in his first international appearance after the failed Wagner mutiny
The Russian President said 80% of the trade between Russia and China is now transacted in the Chine…
Huileng Tan
2 mins read
Russia wants to topple dollar dominance, but it isn't even able to deliver oil to India with alternative currencies
A Rosneft unit selling Sokol oil in Russia hasn't been able to open a bank account in the UAE to a…
Huileng Tan
1 min read
Chinese state-owned banks are propping up the yuan while the central bank signals currency weakness
Chinese banks have frequently sold dollars in the currency market this year to stem the yuan's decl…
Aruni Soni
1 min read
Russia eyes sales of yuan-denominated bonds as local trading in China's currency soars
Ruble-yuan trading volumes have grown by 40 times in 2022. Russia plan to restart sales of local bo…
Brian Evans
1 min read
Why Pakistan's rupee has soared the most against the US dollar among global currencies
The rupee gained 8% from a record low in September, as Pakistan's government launched a crackdown o…
Filip De Mott
2 mins read
China's yuan is displacing other top global currencies in trade, but not the US dollar
"The higher share of CNY in trade invoicing doesn't seem to be dethroning USD, but rather pushing o…