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Tag Archives: Currency

Indian currency is on the brink of withdrawal due to rumors of RBI governor

Wednesday's Indian currency lost ground on market rumors that Reserve Bank of India governor Urjit Patel was about to step down after a tense confrontation with Prime Minister Narendra Modi's government. Speculation comes days after Mr Patel's Deputy Member, Viral Acharya, he gave a tough public talk warning of "potentially catastrophic" consequences of the government's increasing efforts to influence central …

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The coin that revolutionized the digital currency – IN SCHOOL

Bitcoin has made a name for itself as the most popular cryptocurrency in the world since it arrived ten years ago. However, the functioning of the leading digital cash system remains a mystery to the general public. [19659003] What is Bitcoin? Bitcoin is a decentralized virtual currency created by computer code in the wake of the 2008 global financial crisis. …

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USA criticizes China's currency practices, but adds no manipulator designation

The US Treasury once again gave a formal opportunity to refer to China as a "currency manipulator," but highlighted the country's monetary practices as "worrying." Finance Minister Steven Mnuchin criticized China's "lack of currency transparency and the recent weakness of its currency," said in a statement that this "poses great challenges for fairer and more balanced trade, and we will …

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The Ministry of Finance will not call China a currency manipulator

Over the past six months, the yuan has fallen more than 9% against the US dollar. And there are signs that the country's currency may continue to fall to 7 yuan, a threshold not exceeded since the 2008 financial crisis. The devaluation of the yuan is due to a trade war between Washington and Beijing and Trump's allegations that China …

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Mnuchin says the US will seek currency reserves in the trade agreement with Japan, others

NUSA DUA, Indonesia (Reuters) – US Treasury Secretary Steven Mnuchin said on Saturday that Washington wanted to include a provision to deter currency manipulation in future trade deals, including with Japan. US Treasury Secretary Steven Mnuchin speaks in an interview with Reuters at the annual meeting of the International Monetary Fund – World Bank 2018 in Nusa Dua, Bali, Indonesia, …

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China and Trump are prepared for simultaneous trade and currency wars

China's government has beaten back with the Trump administration, accusing the US president of "bullying" his aggressive tactics in the widening trade conflict between the two nations and saying she will "get up" should a wholesale trade war break out , "China does not want a trade war, but would expect it, should it break out," said China's Commerce Minister …

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Trump's controversial tweet about South Africa hit his currency – and things could get worse

Trump Tweets the Edge The ZAR was sold briefly on Thursday after Donald Trump had commissioned Mike Pompeo, the US Secretary of State, to "study" the problem of land grabbing from farmers in South Africa. Of course, with US foreign and economic policy melting into one this year, investors have been worried about whether Washington could consider the instrument of …

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