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Currency News

IMF greenlights three-year $50 bn Argentina aid program

Washington - The International Monetary Fund on Wednesday formally approved a $50 billion aid package intended to help Argentina confront inflation, budget deficits and a weakening currency.

Argentina seeks to reassure markets after peso crisis

Buenos Aires - Argentina sought to inject some confidence back into its beleaguered currency and calm markets on Friday after the peso plunged more than 6.0 percent against the dollar, leaving it at a record low.

IMF-Argentina loan talks 'well advanced,' spokesman says

Washington - Talks between the International Monetary Fund and Argentina on a new loan program are in advanced stages, with the Fund's board likely to consider the matter soon, a spokesman said Thursday.

Peso crisis is over, says Argentina's Macri

Buenos Aires - Argentine President Mauricio Macri said a crisis that saw the country's currency plummet in recent weeks had ended, adding that reducing the budget deficit was a priority for his administration.

Argentina braces for investor flight amid bid to save peso

Buenos Aires - Argentina appeared Tuesday to have halted the slide in the peso after the Central Bank introduced desperate measures to prop up the currency and staunch the flight of capital.The peso had clawed back 0.

Argentine peso takes fresh hit amid uncertainty

Buenos Aires - Argentina's peso plummeted to a new low Monday despite government attempts to curb losses in recent weeks by hiking interest rates and shedding billions in foreign reserves.

Bitcoin's true believers vow to ride out currency rollercoaster

New York - The crowds have thinned somewhat at Bitcoin Center, leaving just the true believers in the volatile cryptocurrency.

Canadian dollar, Mexican peso rally on hopes of early NAFTA deal

The White House wants to reveal a preliminary NAFTA framework by mid-April. The loonie was up 0.91% versus the dollar Tuesday morning, and the peso advanced 0.25%.

Iran currency hits record low, crashing through 50,000 mark

Tehran - The Iranian rial fell to a record low on Monday, breaking through the 50,000-to-the-dollar mark for the first time as analysts blamed uncertainty from Washington.

A Bitcoin crash won't impact traditional markets

Cambridge - A Bitcoin crash would probably derail other cryptocurrencies, according to new research. However, more traditional markets would be relatively insulated from a sharp devaluation.

Suspected Austria bitcoin fraud sparks Europe-wide probe

Vienna - Authorities investigating a suspected bitcoin-related scam centred in Austria have asked Interpol to help determine whether there might be perpetrators - and victims - of the scheme across Europe.

Cuba prepares to end dual currency system

Havana - For more than two decades, Cubans have used a unique dual currency system to protect a fragile economy, but with just weeks of his mandate remaining, President Raul Castro has signaled much-delayed change is finally coming.

Russians held for 'mining bitcoin' at top nuclear lab

Moscow - Engineers at Russia's top nuclear research facility have been detained after they attempted to mine bitcoin on its computers, Russian news agencies reported Friday.

New raids on Japan crypto exchanges after Coincheck hack

Toukyo - Japan said on Friday it had carried out raids on a number of cryptocurrency exchanges following a massive hack that saw thieves steal $530 million in virtual currency.

Bitcoin drops below $6,000 for first time in three months

Toukyo - Bitcoin plunged more than 20 percent to fall below $6,000 on Tuesday, its latest sharp loss following a series of setbacks, with a global stock market collapse fuelling the selling.

'I want to see a strong dollar,' says Trump

Washington - President Donald Trump waded into the uproar over the US currency Thursday, saying he wants to see "a strong dollar," after comments by his Treasury secretary appeared to signal the opposite and sent the dollar plunging to three-year lows.

Trump wades into currency uproar, favors 'strong dollar'

Washington - President Donald Trump waded into the uproar over the US currency Thursday, saying he wants to see "a strong dollar," countering comments by his treasury secretary that appeared to signal the opposite and sent the greenback plunging to three-year lows....

Mnuchin hails 'weaker dollar' sending greenback plummeting

Davos - US Treasury Secretary Steven Mnuchin said Wednesday in Davos that a "weaker dollar" was good for the United States, words that sharply lowered the value of US currency on the markets.

Bitcoin slides to below $10,000

London - Bitcoin, the dominant digital currency, extended a slump Wednesday following a recent surge to trade below $10,000 for the first time since the start of December.Around 1410 GMT, bitcoin stood at $9,807.

Sports platform evolves Blockchain based infrastructure

The sports site Sportco has developed a schema to reward its regular readers. A blockchain-based algorithm will measure the involvement and influence of individual readers upon the other readers and issue rewards.

Four types of crypto users in the emerging economy Special

Russian-based company CoinPlace, based on their previous experience in crypto investment, have determined four types of real and potential crypto currency users.

Venezuela creating digital currency amid financing crisis

Caracas - Venezuela is creating a digital currency to combat a financial blockade by the United States, President Nicolas Maduro announced Sunday.

Turkmenistan currency crisis seen causing cola shortage

Ashgabat - Fans of Coca-Cola in gas-rich Turkmenistan's capital Ashgabat are complaining they can no longer "taste the feeling": their favourite drink has disappeared from shop shelves amidst a sharpening economic crisis.

Qatar investigates alleged currency plot

Doha - Qatar is investigating an alleged attempt to manipulate its currency during the early weeks of a Gulf political crisis, now in its sixth month, a government spokesman said Sunday.

Venezuelans use bitcoin 'mining' to escape inflation

Caracas - Inside a locked room in an office building in Caracas, 20 humming computers use their data-crunching power to mine bitcoins, an increasingly popular tool in the fight against Venezuela's hyperinflation.

Defiance in Britain over new £1 coin as deadline looms

London - Britain's old one-pound coin is being phased out completely on Sunday but businesses complain they have been given too little time to switch to the new one and many are planning to defy the deadline.Around 1.

Paying dentists with cryptocurrency is happening

Amsterdam - Many dentists in Europe now accept Dentacoin, the custom token created for the global dental industry, as payment for dental treatment. Consumers can acquire dentacoins through reviews.

Q&A with Plooto CEO Hamed Abbasi Special

Small and medium business (SMBs) are driving real change across North America. But financial institutions can appear rigid in their behaviour to these creators of change.

Forget oil, Russia goes crazy for cryptocurrency

Moscow - Standing in a warehouse in a Moscow suburb, Dmitry Marinichev tries to speak over the deafening hum of hundreds of computers stacked on shelves hard at work mining for crypto money.

Cash crisis pushes Libyans to virtual payments

Benghazi - When a cash crisis struck the war-torn North African country of Libya, many people were forced to queue for days to withdraw their savings.
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Japan faces a severe debt crisis that is worth twice the amount of their $5 trillion GDP.
Japan faces a severe debt crisis that is worth twice the amount of their $5 trillion GDP.
Bank of Japan
British Chancellor of the Exchequer George Osborne (R) has claimed the economy would shrink by 6% by...
British Chancellor of the Exchequer George Osborne (R) has claimed the economy would shrink by 6% by 2030 in the event of a Brexit, costing every household the equivalent of £4,300 a year
Matt Cardy, Pool/AFP/File
Canadian currency (file photo)
Canadian currency (file photo)
Canadian currency
Canadian currency
_escalade328s_
Untitled
Lionel Allorge
TTC charges 10% surcharge to US visitors on transit
TTC charges 10% surcharge to US visitors on transit
At the state level lawmakers are embracing Bitcoin and other digital currencies.
At the state level lawmakers are embracing Bitcoin and other digital currencies.
Web-dev-chris
France uses Euros but it is probably easier for most of us to understand the tax as being a penny eq...
France uses Euros but it is probably easier for most of us to understand the tax as being a penny equivalent.
TDBYC
Canadian currency from 1933 to 1935
Canadian currency from 1933 to 1935
China wants to establish a vast Asian free-trade area
China wants to establish a vast Asian free-trade area
Teh Eng Koon, AFP/File
A Canadian Quarter
A Canadian Quarter
Australian currency
Australian currency
Whit Andrews/Flickr
Untitled
401(K)
€1 coin
€1 coin
€1 coin
The £5 note featuring Winston Churchill will be the first plastic banknote in the U.K.
The £5 note featuring Winston Churchill will be the first plastic banknote in the U.K.
Bank of England
The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany
A Canadian Quarter
A Canadian Quarter
Stacks of pennies were part of an unusual refund.
Stacks of pennies were part of an unusual refund.
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