Currency

Blue Water Bridge currency exchange to close

The Blue Water Bridge is leaving the money changing business. The Federal Bridge Corporation that operates the Canadian half of the Blue Water Bridge said in a news release it will no longer operate its long-standing storefront currency exchange as of Feb. 28, and will instead offer the space for lease to business ventures “aimed at enhancing the customer experience ...

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Bank of Canada walks fine line as rate hikes boost loonie

OTTAWA/TORONTO (Reuters) – The Bank of Canada is walking a tightrope to its next rate decision, trying to rein in a Canadian dollar that has popped higher in the wake of back-to-back rate hikes – without jawboning the currency too explicitly. While talking down the currency risks upsetting the bank’s G20 peers, rapid appreciation of the loonie could put the ...

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Swedish Central Bank Explores E-Krona Digital Currency – The Merkle

Although the concept of central bank digital currency remains severely contested, efforts are being made to turn this into a very real thing. Sweden could be one of the first countries to go ahead with such an initiative. Some more information has been leaked regarding the creation of an E-Krona, which is scheduled to be brought into circulation as early as next year. ...

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Malawi: Mulanje Man Arrested Over Fake Malawi Kwacha Currency

By Blackson Mkwapatila Malawi Police in Mulanje have arrested a 36-year-old man for allegedly being found with fake currency. Mulanje Police Public Relations Officer, Gresham Ngwira said officers at Muloza police post received a tip that Daniel Mandala was carrying fake notes. Working on the information, police officers followed the suspect and found him at Sayama turn off along the ...

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Currency alert – USD strength returns

This week’s Federal Open Market Committee meeting produced a statement like many before it. The Fed board is confident in the outlook for the US economy, and the world. Despite expressing worry about persistently low inflation it announced the rundown of its balance sheet, and the withdrawal of extraordinay liquidity will begin next month. This was well flagged back in June. ...

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Pound to euro exchange rate – sterling set for rise after Prime Minister Theresa May’s landmark EU exit speech in Florence

STERLING was struggling against the euro this morning (Friday September 22) but is expected to enjoy a sharp rise following Theresa May’s landmark speech in Florence where she is due to make a generous offer to EU leaders. The pound was worth €1.14 – a drop of 0.14 per cent – hours before the Prime Minister unveils an offer to Brussels ...

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With decentralised currencies around, RBI’s plans for a new fiat currency may not find many takers

Until the Reserve Bank of India declares transaction of unregulated crypto currencies illegal, its move to launch a fiat digital currency is unlikely to gain popularity, say experts. They argue that the advantages of anonymity and that of speculative trading which non-fiat crypto-currencies provide the user, cannot be offered by the proposed legal currency and hence is likely to remain ...

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