The Hindu Business Line  35 min ago  Comment 
Here’s how an economy that swaps currency for ‘byte money’ will work — no bribes and no deforestation  4 hrs ago  Comment 
China's huge cash stockpile has taken another hit.  4 hrs ago  Comment 
ANKARA (dpa-AFX) - The Turkish Lira firmed against the U.S. dollar in European deals on Wednesday, after the government authorities stepped in to stem a rapid fall of the currency. In a statement, Turkish defence ministry said it has converted...
Reuters  6 hrs ago  Comment 
China's central government has launched a 150 billion yuan ($21.79 billion) fund designed to support investments offshore by Chinese companies as well as the country's so-called...
Reuters  7 hrs ago  Comment 
Indian banks have so far received roughly 11.5 trillion rupees ($169.45 billion) in discontinued currency since the government decided to abolish high value bank notes last month, RBI deputy governor R. Gandhi said on Wednesday.
Reuters  10 hrs ago  Comment 
REUTERS - Indian shares edged up on Wednesday on hopes the central bank would cut interest rates later in the day as Prime Minister Narendra Modi's currency gamble threatens to hit nearly every aspect of the economy, from consumers to supply chains.
MarketWatch  11 hrs ago  Comment 
The U.S. dollar slips against major rivals on Wednesday, following a dip in Treasury yields, though moves were muted ahead of the upcoming ECB and Fed policy meetings.
Reuters  Dec 7  Comment 
Sensex is expected to rise next year but it may not scale record highs predicted a few months back, a Reuters Poll showed, mainly because Prime Minister Narendra Modi's shock currency ban is seen knocking economic growth in the next few quarters.
Financial Times  Dec 7  Comment 
Depreciating the currency should have benefits, but it will cause pain for owners of dollar debt


A currency is a unit of exchange that can be used to purchase goods and/or services. With the notable exception of the European Union, most countries have a monopoly over the production and supply of their respective currencies. Depending on the way a country manages its currency with respect to other currencies in the foreign exchange market, the currency can be either fixed or floating.

Currencies on Wikinvest

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