Currency

China takes steps to rein in thriving yuan

BEIJING–China is starting to unwind some of the extraordinary measures aimed at bolstering its currency, after the yuan’s recent surge in value began taking a toll on Chinese exporters, adding to economic headwinds. Starting Monday, the People’s Bank of China will scrap a two-year-old rule that made it more expensive for traders to bet the yuan will fall in value, ...

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Local firm disrupts patent industry with digital currency

Inventors and small businesses must ensure their intellectual property isn’t stolen by larger companies. Creating currencies might be the solution. “Effectively, we have a do-it-yourself search tool,” said John Wise, founder of Loci. “It’s called InnVenn. It’s really simple to use, you can buy it right through your law firm, and it’s protected by attorney-client privilege.” InnVenn allows inventors to ...

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China’s currency caps hurt Chinese home buyers in the U.S.

The Chinese middle class, both in China and in the United States, stands to lose the most by China’s newly imposed currency restrictions. The group most affected may be the many Chinese buyers who already live and work in the United States and rely on money from China to purchase a home. Of foreign buyers, Chinese investors made up the ...

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Don’t buy these tokens – The Australian

The Australian Don’t buy these tokensThe AustralianThe website coinmarketcap.com records that there are now 1,106 crypto-currencies, although the ones after 861 have a question market in the market capitalisation column. The smallest of the ones with a value — Xenixcoin — is worth $154, so the … and more »

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RBI faces a currency conundrum

Business Standard The rupee has appreciated 6.3% against the dollar since the beginning of this year Ishan Bakshi  |  New Delhi  Last Updated at September 11, 2017 01:54 IST The rupee’s sharp appreciation against the dollar has given traction to calls for the Reserve Bank of India (RBI) to intervene to ensure the domestic ...

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Welch: Digital currencies going mainstream | Opinion

If I read one more article about cryptocurrencies and the money being made by the bulls, I will go mad. Each time I hear a story about cryptocurrencies, I turn a pea-green with envy. And that is not such a good thing since envy is one of the seven deadly sins. The others sins are pride, greed, lust, gluttony, wrath ...

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Not counting machines, but sophisticated currency verification units being used for tallying scrappe- The New Indian Express

NEW DELHI: The Reserve Bank of India (RBI) is not using ‘counting machines’ for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, the central bank has said in an RTI reply.       Rather, it is using “sophisticated Currency Verification and Processing (CVPS) machines for checking the numerical accuracy ...

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ECGC may set up shop in GIFT City, offer non-rupee cover to exporters

To offer export credit insurance in foreign currency to MNCs and Indian firms from SEZs Mumbai, September 10:   ECGC Ltd is planning to set up a beachhead in Gujarat International Finance Tec (GIFT) City to provide export credit insurance in foreign currency to MNCs exporting from India and domestic companies operating out of SEZs. The proposed move will also enable ...

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No counting machines, but sophisticated currency verification units being used for scrapped notes: RBI

The Reserve Bank of India (RBI) is not using ‘counting machines’ for tallying the total number of demonetized notes of Rs 500 and Rs 1,000 in any of its offices, the central bank has said in an RTI reply. Rather, it is using “sophisticated Currency Verification and Processing (CVPS) machines for checking the numerical accuracy and genuines of the currency ...

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