Web
Analytics
The news is by your side.
Browsing Tag

CURRENCY

US adds India to currency watch list

The US Treasury added India to its watch list of countries with potentially questionable foreign exchange policies, joining China and four others, according to a report issued Friday. Treasury said the "monitoring list" includes those…

Happy 15th birthday, Euro: key things to know

The euro, used by nearly 340 million people each day, celebrates its 15th birthday on Sunday. Like a teenager in the throes of adolescence, the euro has lurched from crisis to crisis in recent years, but still manages to enjoy firm…

Anger rises after India scraps old notes at petrol pumps

NEW DELHI: India said old notes would no longer be accepted at petrol stations after Friday, fuelling anger over the scrapping of high denomination bills that has caused an unprecedented cash crunch. Indians had been given until December…

India’s Modi defends cash ban after criticism

NEW DELHI: Indian Prime Minister Narendra Modi hit back Friday at the mounting criticism of his decision to withdraw all high-denomination bank notes from circulation, describing the move as "for the larger social good". The November 8…

India ATM reset to take ‘weeks’: minister

NEW DELHI: India's cash machines will take several weeks to reset with new bills, India's finance minister said Saturday, as public anger mounted over a decision to pull the highest denomination notes from circulation. People queued…

Chinese yuan set to join IMF’s elite currency basket

WASHINGTON: China's yuan is poised to enter the International Monetary Fund's elite SDR basket of currencies, elevating Beijing's banknotes into a family long exclusive to global reserve assets. A symbolic coup for policymakers in Beijing,…