Articles for Local Currency

Trump’s threat of 100% tariffs unrealistic; India should focus on local currency trading:GTRI
1 month, 1 week ago

Trump’s threat of 100% tariffs unrealistic; India should focus on local currency trading:GTRI

Live Mint  

New Delhi, Dec 1 The warning of US President-elect Donald Trump to BRICS countries to impose 100 per cent customs duties if the BRICS group would replace the US dollar is unrealistic, and India should focus on developing a workable local currency trading system, think tank GTRI said on Sunday. "Trump's threat to impose 100 per cent tariffs on countries …

India Trump Global Trade Brics Countries Pti Gtri
Avoid These Costly Money Mistakes When Traveling Abroad
3 months, 3 weeks ago

Avoid These Costly Money Mistakes When Traveling Abroad

Huff Post  

RgStudio via Getty Images Be mindful of extra fees when using an ATM abroad. “One mistake is paying foreign transaction fees when using a credit card, which is around 3% of each transaction, and that can add up,” said consumer finance and budgeting expert Andrea Woroch. “If you travel abroad often, it’s a good idea to get a credit card …

Local Money Fees Currency Credit Cards French Travel Insurance
Zimbabwe’s illegal forex dealers use WhatsApp to find clients, evade police
8 months ago

Zimbabwe’s illegal forex dealers use WhatsApp to find clients, evade police

Al Jazeera  

Zimbabwe clamps down on black market trading it blames for devaluing its newly launched ZiG local currency. Harare, Zimbabwe – The entrance to the main gate at the Budiriro shopping centre, a busy mall south of Zimbabwe’s capital Harare, used to be a hive of activity where informal forex dealers had set up makeshift “offices” on the pavement. The stocky …

Market Local Black Zimbabwe Currency Whatsapp Usd
India, Nigeria to increase cooperation in energy, UPI, local currency settlement to enhance economic ties
8 months, 1 week ago

India, Nigeria to increase cooperation in energy, UPI, local currency settlement to enhance economic ties

The Hindu  

India and Nigeria have identified areas such as crude oil, natural gas, pharmaceuticals, Unified Payments Interface, local currency settlement system, and power sector to increase cooperation for boosting economic ties. The commerce ministry on May 3 said that these issues among others were discussed during a recent visit of a seven-member delegation from India to Nigeria. "These include resolving of …

India Nigeria Upi Economic Ties Local Currency Settlement
Egypt increases fuel prices following depreciation of local currency
9 months, 2 weeks ago

Egypt increases fuel prices following depreciation of local currency

Associated Press  

CAIRO — The Egyptian government raised fuel prices on Friday in a move that is bound to exacerbate inflationary pressures on an already-struggling population. Egypt, a net importer of energy, increased the price of 95 octane gasoline to 13.5 Egyptian pounds per liter from 12.5 pounds. The government said the hikes resulted from the increased cost of importing energy because …

Price Egypt Currency Rate Egyptian Pounds Local Currency
‘India, UAE can broaden economic ties’
1 year, 2 months ago

‘India, UAE can broaden economic ties’

Live Mint  

India and the United Arab Emirates are looking to identify and incorporate commodities to diversify trade between the two countries, UAE ambassador to India 8said in an interview. He added that India, Europe, and the Middle East MoU for the India-Middle East-Europe Economic Corridor could potentially reduce shipping costs and facilitate efficient trade in goods and services. India, Europe, and …

Food India Europe Economic Cooperation Trade Economic Growth Indian
Street traders offer a better bargain than stores as Zimbabwe’s currency crumbles
1 year, 7 months ago

Street traders offer a better bargain than stores as Zimbabwe’s currency crumbles

Associated Press  

HARARE, Zimbabwe — Festus Nyoni picked out a few items in a supermarket in Zimbabwe’s capital, looked at the prices and knew she was in the wrong place. “I can’t keep up with those Zim dollar prices in the supermarket — it’s insane,” Nyoni said, referring to the local currency. “For the price of one in the supermarket, I am …

Local Zimbabwe Prices Currency Street Dollar Stores
Zimbabwe plans to launch digital currency backed by gold
1 year, 8 months ago

Zimbabwe plans to launch digital currency backed by gold

Associated Press  

HARARE, Zimbabwe — Zimbabwe will launch a digital currency next month by introducing “tokens” that are backed by gold reserves and can be transferred between people and businesses as a form of payment, the country’s central bank said Friday. Trust in Zimbabwe’s currency is desperately low after people in 2008 had their savings wiped out by hyperinflation, which reached 5 …

Gold Digital Currency Local Currency Currency Backed Zimbabwe Dollar Mangudya
Hong Kong most expensive location in Asia for business travel, Singapore second
1 year, 9 months ago

Hong Kong most expensive location in Asia for business travel, Singapore second

Hindustan Times  

In spite of depressed demand for business travel to Hong Kong in 2022, it remained the most expensive location in the region and was the 16th most expensive location globally, according to ECA International. Hong Kong most expensive location in Asia for business travel, Singapore second The average business trip to Hong Kong costs an overall total of USD 520 …

Business Travel Singapore Asia Location Hong Kong Costs
Rupee rises 8 paise to end at 81.53 against US dollar
1 year, 11 months ago

Rupee rises 8 paise to end at 81.53 against US dollar

Deccan Chronicle  

MUMBAI: The rupee appreciated 8 paise to close at 81.53 against the US dollar on Friday amid a firm American currency against major rivals overseas. However, heavy selling pressure in the domestic equity markets and unabated foreign fund outflows restricted the gains in the local currency, forex traders said. Meanwhile, the US dollar index, which gauges the greenback's strength against …

Rupee Us Dollar 8 Paise Local Currency
Nurses at Zimbabwe's public hospitals strike for better pay
2 years, 6 months ago

Nurses at Zimbabwe's public hospitals strike for better pay

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Striking nurses and other health …

Public Health Zimbabwe Workers Pay Currency Hospital Health Workers
Toes-for-cash hoax reflects Zimbabwe fears of soaring prices
2 years, 7 months ago

Toes-for-cash hoax reflects Zimbabwe fears of soaring prices

Associated Press  

HARARE, Zimbabwe — Battling rampant inflation, Zimbabweans are counting their toes as they struggle to buy food for their families. The war “coupled with our historical domestic imbalances, has created challenges in terms of economic instability seen through the currency volatility and spilling over into price volatility,” Finance Minister Mthuli Ncube told Parliament in May. The three largest teachers’ unions …

War Ukraine Inflation Local Zimbabwe Prices Currency
A strong dollar has worsened today’s oil shock for importers
2 years, 7 months ago

A strong dollar has worsened today’s oil shock for importers

Live Mint  

Just over 50 years ago, at a meeting of the world’s top economic powers, US Treasury Secretary John Connally shocked his counterparts from other countries by proclaiming the dollar “is our currency, but it’s your problem.” Back then, America wanted a cheaper currency, forcing others to revalue theirs. But that same year, the US dollar plunged to a record low …

Japan Oil Prices Currency Countries Crude Dollar
Zimbabwe president praises re-introduction of local currency
5 years, 6 months ago

Zimbabwe president praises re-introduction of local currency

Associated Press  

HARARE, Zimbabwe — Zimbabwe President Emmerson Mnangagwa on Tuesday praised the re-introduction of the Zimbabwe dollar as the sole legal tender in the troubled country as a “return to normalcy.” Zimbabwe had for 10 years used the U.S. dollar and other foreign currencies after the Zimbabwean currency was dogged by hyperinflation. Mnangagwa said it is the right time to scrap …

Local Zimbabwe Currency Dollar Zimbabwean Local Currency
Ex-Liberian president’s son charged over missing money scandal
5 years, 10 months ago

Ex-Liberian president’s son charged over missing money scandal

Al Jazeera  

Charles Sirleaf charged in connection with the unlawful overprinting of local currency worth millions of US dollars. The Liberian police have formally charged the son of the country’s former President Ellen Johnson Sirleaf in connection with the unlawful overprinting of local currency worth millions of US dollars. Judge Kennedy Peabody said Sirleaf would be charged “with the commission of economic …

Bank Liberian Liberia Local Currency Sirleaf Charles Sirleaf