Currency

Pound to euro exchange rate – sterling sees slight growth amid expectations of interest rate rise

THE pound has seen a slight increase against the euro since yesterday morning growing 0.03 per cent to 1.1401 amid widespread expectation of an interest rate rise from the Bank of England in November. A pound is now worth €1.14, following an overall trend in September that has seen sterling strengthen by nearly 4.5 per cent after unexpectedly buoyant retail data ...

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Integral Cuts Prices on its Open Currency Exchange Product

Integral is revamping its pricing model on its Open Currency Exchange (OCX) product. The technology company will be shifting into a lower tier of pricing with $2.75 per million. An additional important detail that the company is sharing in relation to its latest move is that the exclusivity requirements of legacy platforms will be eliminated. The latest move by the company ...

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No Second Chance For NRIs To Deposit Demonetised Notes, Says Sushma Swaraj

External Affairs Minister Sushma Swaraj has ruled out any new window of opportunity for NRIs or people of Indian-origin to deposit their high value Indian currency which was declared illegal after the demonetisation policy, a statement said on Wednesday. Swaraj made these remarks during her interaction with a delegation of Global Organisation for People of Indian Origin (GOPIO) during her trip ...

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RBZ to raid service stations

Dr Kupukile Mlambo Leonard Ncube in Victoria FallsThe Reserve Bank of Zimbabwe will soon swoop on fuel dealers who reject coupons. The apex bank has accused the dealers of sabotaging the economy as well as causing artificial commodity shortages. Addressing delegates to the Institute of Administration and Commerce annual conference in Victoria Falls yesterday, RBZ Deputy Governor, Dr Kupukile Mlambo ...

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Japanese banks prep J-Coin digital currency in move against cash

Cash is king in Japan, but the nation’s biggest banks are hoping to change that. A new report out of The Financial Times reveals that Japan’s central bank is planning to launch a cryptocurrency called J-Coin, one that will be based on blockchain technology. Assuming everything goes according to plan, J-Coin will co-exist alongside yen with a one-on-one value. Per ...

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No Second Opportunity For NRIs or Indians to Deposit Their Demonetised Currency: Sushma Swaraj

New Delhi, Sep 28: External Affairs Minister Sushma Swaraj on Tuesday said that no second opportunity would be given to the Non-Resident Indians (NRIs) or even people of Indian origin to deposit their high value demonetised currency. Sushma Swaraj made the statement during an interaction with a delegation of Global Organisation for People of Indian Origin (GOPIO). The GOPIO statement said Sushma Swaraj ...

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Syria’s liberation wipes out Daesh currency

As the Syrian cities and villages liberated from the clutches of Daesh (ISIL/ISIS) return to normal life, they are getting rid of the attributes of the self-proclaimed caliphate imposed upon them by the terrorists, including their currency. Khalid Abdallah, a resident of the city of Deir ez-Zor, told Sputnik Arabic that Daesh-minted gold and silver coins started disappearing from circulation ...

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Illegal currency dealers counting losses

Dr Mangudya Ishemunyoro Chingwere Business ReporterSome illegal currency dealers who stocked the US dollar over the weekend in anticipation of a monumental collapse of value of bond notes are beginning to count their losses as the surrogate currency remains stable. Zimbabwe last Saturday woke up to a currency chaos with illegal street dealers demanding as high as $1,60 bond notes for every ...

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No second chance for NRIs to deposit their currency: Sushma Swaraj

Washington :   External Affairs Minister Sushma Swaraj has ruled out any new window of opportunity for NRIs or people of Indian-origin to deposit their high value Indian currency which was declared illegal after the demonetisation policy, a statement said today. Swaraj made these remarks during her interaction with a delegation of Global Organisation for People of Indian Origin (GOPIO) ...

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