So every country manipulates their currencies either by easing and tightening interest rates or using stimulus to boast the market. Regulators have fined some of the financial institutions engineering bank and exchange rates. Both European and American regulators have come out to expose these deals because there were inside information that gives the well-connected an … Read more
The Venezuelan government has announced that it will replace the country’s highest-denomination banknotes with coins within 72 hours. It hopes this will help to combat smuggling and tackle the chronic shortage of food and other basic items. President Nicolas Maduro says gangs that operate in border areas will not have time to repatriate the money. … Read more
People have queued up outside banks across India to exchange 500 and 1,000 rupee notes after they were withdrawn as part of anti-corruption measures. Indians will be able to exchange their old notes, which stopped being legal tender at midnight on Tuesday, for new ones at banks until 30 December. The surprise move is part … Read more