By Marcela Ayres BRASILIA (Reuters) – Brazil and Argentina sparked some excitement on Sunday over the possibility of a potential “currency union”, though the two countries are unlikely to ditch…
BUENOS AIRES (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Monday said Brazil and Argentina are studying the creation of a common currency to be used in trades…
DUBAI (Reuters) – Iran’s troubled currency fell to a record low against the U.S. dollar on Saturday amid the country’s increasing isolation and possible Europe Union sanctions against Tehran’s Revolutionary…
BROWNSVILLE, Texas – U.S. Customs and Border Protection officers working at the Brownsville and Matamoros International Bridge Port of Entry seized $931,739 in bulk, unreported U.S. currency. “Our officers use…
BUENOS AIRES (Reuters) – Argentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted foreign currency reserves, the Argentine…
Jacksonville, Florida – U.S. District Judge Brian J. Davis has sentenced Derrick Kamran Collins (32, Spring Hill) to 30 months in federal prison for manufacturing counterfeit Federal Reserve notes, aiding…
BRASILIA (Reuters) – Brazil’s central bank aims to launch its digital currency in 2024 after a closed pilot program next year with financial institutions, bank president Roberto Campos Neto said…
(Reuters) – Belarus’ central bank said on Thursday it will remove the euro from its currency basket used to calculate the official exchange rate for the Belarusian’ rouble. The regulator…
EAGLE PASS, Texas – U.S. Customs and Border Protection (CBP), Office of Field Operations (OFO) officers working outbound operations seized over $110,000 in undeclared currency in a single enforcement action.…
HAMMOND, N.Y. – U.S. Border Patrol agents with the assistance of the New York State Police arrested a 24-year-old-male pursuant to possession of counterfeit U.S. currency and providing a fictitious…
CARACAS (Reuters) – Venezuela’s effort to curb high inflation by stabilizing exchange rates is becoming less effective as the local bolivar currency slips in value against the dollar, analysts said…
(Reuters) – Ratings agency S&P Global on Wednesday cut Argentina’s long-term local currency sovereign credit rating by two notches to “CCC-” from “CCC+” to reflect increased vulnerabilities over the next…
SCRANTON- The United States Attorney’s Office for the Middle District of Pennsylvania announced that Askia Riddick, age 25, of Scranton, Pennsylvania, was sentenced to twelve months’ imprisonment by U.S. District…
BRASILIA (Reuters) – Brazil’s central bank on Thursday said it would hold auctions starting on Friday to roll over $15.1 billion in traditional currency swaps maturing on Dec. 1. The…
CAIRO (Reuters) – Egypt will develop a new currency indicator partly to wean people off the idea that the Egyptian pound should be pegged to the U.S. dollar, the new…
SCRANTON- The United States Attorney’s Office for the Middle District of Pennsylvania announced that Brinayah Clark, age 18, of Philadelphia, Pennsylvania, Kendall Rawls, age 22, of Philadelphia, Pennsylvania, Nazeer Amir…
(Reuters) – The U.S. Mint will feature an Asian American on its currency for the first time when it issues a coin next week engraved with the image of actress…
By Caroline Valetkevitch NEW YORK (Reuters) – A surging U.S. dollar is likely to weigh even more on North American companies’ third-quarter results than in the prior quarter, when the…
MOSCOW – Russian markets opened steady on Tuesday as month-end tax payments offered support to a rouble buffeted by ever-present investor jitters over the possibility of fresh Western sanctions against…
(Reuters) – Creating a U.S. central bank digital currency is likely not important to the long-term status of the U.S. dollar, Federal Reserve Governor Christopher Waller said Friday. In a…
(Reuters) – Countries should avoid spending scarce foreign exchange reserves intervening to support currencies that are weakening as a result of economic fundamentals such as interest rate differentials, the International…
SHANGHAI (Reuters) – Transactions using China’s digital yuan surpassed 100 billion yuan ($13.9 billion) as of Aug. 31, China’s central bank said on Wednesday, as the country continues its roll-out…
BEIJING/SHANGHAI (Reuters) – China’s central bank spoke out against big currency swings on Tuesday, saying it will take steps to stabilise expectations, and keep the yuan basically stable. The People’s…
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Japanese retail foreign currency deposits have jumped this year as local investors switch out of a weakening yen and zero-yielding local bond…
CHANG: China Can’t Stop Its Currency Plunge Gordon Chang on October 5, 2022 China’s central bank has ordered the country’s state banks to stock up on dollars in offshore…