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Currency News

Google now recognizes Bitcoin calculations in conversion searches

Google has added direct support for converting to and from the Bitcoin crypto-currency into its search engine, making it easier than ever to view the current price of Bitcoin.

Bitcoin debit card nearly a reality

The first ever debit card to allow the transaction of Bitcoins in stores is set to hit the US market very soon, facilitating the usage of Bitcoin in more traditional, everyday scenarios where currency is used.

Glimmerings of growth in Greece

According to the Foundation for Economic and Industrial Research, or IOBE, Greece’s economy is slated to stabilize this year and may possibly achieve some small growth based on projections.

ECB's Draghi: the strong euro could require policy action

Washington - European Central Bank chief Mario Draghi said Saturday that the bank may need to take action to stem the rising euro."The strengthening of the exchange rate would require monetary stimulus" as long as interest rates are already extremely low, he said.

Deutsche Bank manager suspended in forex probe

Frankfurt - Deutsche Bank, Germany's biggest lender, has suspended a top saleswoman in an investigation into suspected foreign exchange rate manipulation, the Wall Street Journal reported on Thursday.

BoJ chief doubts Bitcoin's future as a currency

Tokyo - The head of the Bank of Japan on Tuesday cast doubt on Bitcoin's future, saying the scandal-plagued digital unit "cannot be a currency" unless it proves its reliability.

Switzerland probes top banks for currency manipulation

Z - Switzerland said Monday it was investigating a range of banks, including domestic leaders UBS and Credit Suisse along with top global houses, over suspicions they manipulated currency markets.

Britain, China sign yuan trading deal

London - Britain and China have signed a deal for the first clearing service for yuan trading outside of Asia, the government here said Wednesday.The move would make yuan, or renminbi, transactions in London's financial centre more efficient and quicker.Britain...

China's yuan falls to nearly 13-month dollar low

Shanghai - China's yuan weakened against the US dollar on Thursday to its lowest level in nearly 13 months, but analysts said it would help authorities control speculative funds betting on continued rises of the currency.The yuan fell to an intraday low of 6.2334...

Govt announces plans to introduce 12-sided £1 coin

London - A new 12-sided £1 coin, said by the Royal Mint to be "the most secure coin in circulation" is to be introduced in an effort to curb counterfeiting, under government plans announced Wednesday.The new bi-metallic, two-coloured coin will have the same sh...

China widens yuan daily trading band to 2%: central bank

Beijing - China will widen the yuan's daily trading band to two percent from the current one percent, the central bank announced Saturday, underscoring efforts to loosen Beijing's grip on its tightly-controlled currency.The move will take effect on March 17, the...

Ruble falls sharply in value against euro amid Crimea tension

Moscow - The Russian ruble on Thursday fell sharply in value against the euro after Crimea's pro-Russia authorities announced they wanted to join Russia and international talks failed to reach consensus.The ruble lost value to trade 50.06 rubles to the euro at ...

Were you 'goxed'? Might want to add this term to your vocabulary

Bitcoin experienced a significant rise, and now an even faster fall. One of the world's largest exchange for bitcoins was shut down and now filed for bankruptcy.

China yuan ends at eight-month low against dollar

Shanghai - China's yuan currency fell nearly one percent against the US dollar in intraday trade Friday, its biggest drop in years, before recovering some ground but still closing at an eight-month low.The currency has fallen repeatedly in the last two weeks with...

China yuan tops Swiss franc in payments currency rank

- China's yuan has overtaken the Swiss franc to become the seventh most-used currency for payments worldwide, a global transaction services organisation said, as Beijing seeks to further internationalise the unit.The yuan still lags behind the US dollar ...

S.Korea, Australia sign $4.5 bln currency swap deal

Seoul - South Korea and Australia signed Sunday a currency swap deal worth $4.5 billion, Seoul's central bank said, in a move to boost trades and help curb currency swings.The deal -- signed by the countries' central bank governors -- allows the two nations to...

UK seeking to boost yuan trading role: Osborne

Hong Kong - Britain is holding talks with China to designate a London clearing bank for the yuan as it tries to become the world's leading centre for trading the currency, Chancellor George Osborne said Thursday.China's currency, also called the renminbi (RMB), is...

Winklevosses make their own Bitcoin index

Washington - Early Bitcoin investors Cameron and Tyler Winklevoss have created their own index of the virtual currency, as they gear up to launch the first publicly traded US Bitcoin fund.Announced in a regulatory filing Wednesday, The Winklevoss Index -- Winkdex -...

China launches cross-border yuan payment services in FTZ

Shanghai - China has launched yuan-denominated cross-border payment services in its first free trade zone (FTZ), the central bank said, in an effort to facilitate trade and further internationalisation of the Chinese currency.Five companies -- AllinPay, 99Bill, C...

Kazakhstan breaks up protest against devaluation

Almaty - Kazakh police on Saturday detained protesters at an unsanctioned rally in Almaty against the devaluation of the national currency, the Interfax-Kazakhstan news agency reported.Around 50 protesters gathered on the main Republic Square in Almaty for a ra...

Russia economy chief says dire 2013 was 'low point'

Moscow - Russia's economy chief said on Friday that the country had survived the worst of its sharp growth slowdown and was now on the path toward a cautious recovery.But new data revision showed the $1.9-trillion (1.

Argentina powerless in the face of peso fall

Buenos Aires - Argentina appears powerless in the face of the hemorrhage of the peso, as the central bank reported Thursday it had burned through $2.1 billion in reserves in January alone.

Turkish rate boost to lira fizzles out

Ankara - Crisis action by the Turkish central bank doubling its key interest rate gave only brief relief to the lira which fell back as emerging markets faced a US monetary policy decision on Wednesday.

Turkish rate rise lifts lira, defies Erdogan amid market turmoil

Ankara - The Turkish lira rallied on Wednesday after the central bank ramped up interest rates, defying the government and staging a pre-emptive move in case US authorities tighten monetary policy.

Risky business: Public leery of Argentina's banks

Buenos Aires - Argentinians are eager to take advantage of new rules allowing them to purchase US dollars, but say they are leery of entrusting their coveted greenbacks to the nation's banks.

Argentina eases public's access to dollars

Buenos Aires - Argentina's peso held stable Monday after last week's sharp devaluation as the public began to take advantage of looser exchange controls, amid concerns over stability in several emerging economies.

Las Vegas casinos begin accepting Bitcoin

Los Angeles - Two Las Vegas casinos will become the city's first to accept the Bitcoin virtual currency from this week, their owners announced.

Las Vegas casinos begin accepting Bitcoin

Los Angeles - Two Las Vegas casinos will become the city's first to accept the Bitcoin virtual currency from this week, their owners announced Tuesday.

China pledges progress on currency reforms in Shanghai FTZ

Shanghai - Shanghai's mayor on Sunday pledged to make major progress this year on key financial reforms in the city's new free-trade zone (FTZ) including full convertibility of China's currency.

Deutsche Bank 'suspends forex trader': report

Frankfurt - Deutsche Bank, Germany's biggest lender, has suspended "at least one" currency trader on suspicion of possible rigging of foreign exchange reference rates, the daily Die Welt reported Wednesday.
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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
A Canadian Quarter
A Canadian Quarter
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
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
€1 coin
€1 coin
€1 coin
A Canadian Quarter
A Canadian Quarter
Untitled
401(K)
TTC charges 10% surcharge to US visitors on transit
TTC charges 10% surcharge to US visitors on transit
Canadian currency
Canadian currency
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Untitled
Lionel Allorge
The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany
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
Canadian currency (file photo)
Canadian currency (file photo)
Untitled
Photo by Darren Hester
Stacks of pennies were part of an unusual refund.
Stacks of pennies were part of an unusual refund.
slgckgc
Canadian currency from 1933 to 1935
Canadian currency from 1933 to 1935