Currency

Two arrests made at BIA over possession of foreign currency ‘worth millions’

Sep 22, 2017 Mayooran Kantharvel Local, Top Slider 0 Two suspects have been arrested at the Bandaranaike International Airport with Rs.80 million  worth of foreign currency allegedly in their possession. Customs Media Spokesperson Sunil Jayarathne said the suspects were in possession of American dollars, and Riyals and other foreign currency. According to the spokesperson, the suspects were due to ...

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Hyderabad coins once more valuable than Mughal, French currency | Hyderabad News

HYDERABAD: Hyderabad of yore had carved a niche of its own in the spheres of culture, commerce, language and festivals. The city, when founded in 1591, stood as the hallmark of religious tolerance and a unique GangaJamuni tehzeeb. The tradition continued for centuries, with people of all communities celebrating festivals and local cultural events with a spirit of camaraderie. But ...

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Govt opposes ‘regime changes’ for foreign currency accounts

Says any change may lead to the withdr­awal of deposi­ts that curren­tly stand at $7b PHOTO: REUTERS ISLAMABAD: The federal government again opposed a private-member bill that seeks the withdrawal of unprecedented immunities enjoyed by foreign currency accounts holders, fearing any such change may lead to the withdrawal of deposits that currently stand at $7 billion. The government gave its policy ...

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Mulanje man arrested over fake Malawi Kwacha currency | Malawi Nyasa Times

Malawi Police in Mulanje have arrested a 36-year-old man for allegedly being found with fake currency. The fake currency notes 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 ...

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Venture fundraising in yuan soars as investors target Chinese tech firms – Business News

HONG KONG: China-focused venture capital funds are increasing their bets on local technology companies and a further opening of Chinese domestic capital markets, raising money in the yuan at the fastest pace in five years. Fund managers have raised 95.8 billion yuan ($14.54 billion) this year through late September in funds denominated in the Chinese currency, which is also known ...

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Dollar peg at centre of Hong Kong’s China problem

The debate on scrapping Hong Kong’s currency peg to the US dollar has raged on and off since the 1997 Asia financial crisis. Photo: AP With a brief blog post last week, Joseph Yam reopened one of the biggest debates facing China’s economy: is it time to scrap Hong Kong’s currency peg to the US dollar. Yam helped establish the ...

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EDITORIAL COMMENT: Deal with big fish in the black market

Minister Patrick Chinamasa Finance and Economic Development Minister Patrick Chinamasa was on Wednesday thrown at the deep end by Members of Parliament who wanted him to explain the apparent shortage of foreign currency and bond notes, both of which somehow appear plentiful on the illegal parallel market. He appeared unprepared for the barrage of questions, and therefore promised to give ...

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J&K Bank opens fresh currency counter at Vaishno Devi Bhawan

STATE TIMES NEWSKATRA: On the auspicious occasion of first Navratras, Business Unit Vaishno Devi Bhawan has offered services of fresh cash currency/note exchange counter. The facility of fresh currency notes has been started to facilitate the devotee coming here from all length and breadth of the country.The fresh currency counter was inaugurated by Jitendra Kumar Singh, Chief Executive Officer of ...

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