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Currency

JOHN STOSSEL: Here’s What Ron DeSantis Thinks About The Federal Government’s Digital Currency Plan

May 11, 2023

JOHN STOSSEL: Here’s What Ron DeSantis Thinks About The Federal Government’s Digital Currency Plan John Stossel on May 11, 2023 President Joe Biden and the …

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Rising sol: Peru’s currency at year-high after shaking off protest impact

May 11, 2023
Rising sol: peru's currency at year-high after shaking off protest impact - photo licensed by shore news network.

By Marco Aquino LIMA (Reuters) – In a country shaken by years of political volatility, Peru’s national currency has emerged as a mainstay of relative …

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Mexican president backs U.S. dollar as globe’s ‘principal currency’

May 8, 2023
Mexican president backs u. S. Dollar as globe's 'principal currency' - photo licensed by shore news network.

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador gave the U.S. dollar a vote on confidence on Monday after he was asked if …

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CBP officers seize over $96K in undeclared currency at the Hidalgo International Bridge

May 4, 2023

HIDALGO, Texas—U.S. Customs and Border Protection, Office of Field Operations (OFO) at the Hidalgo International Bridge intercepted $96,800 in undeclared currency from a traveler heading …

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South Korea, Indonesia central banks agree to promote local currency transactions

May 1, 2023
South korea, indonesia central banks agree to promote local currency transactions - photo licensed by shore news network.

SEOUL (Reuters) – The central banks of South Korea and Indonesia signed a memorandum of understanding on Tuesday to cooperate on promoting the use of …

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Egypt’s economy seen growing 4% this fiscal year as currency weakens- Reuters poll

April 26, 2023
Egypt's economy seen growing 4% this fiscal year as currency weakens- reuters poll - photo licensed by shore news network.

By Patrick Werr CAIRO (Reuters) – Egypt’s economy will grow 4.0% this fiscal year and 4.5% next even as it endures a continuing depreciation in …

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Yuan overtakes dollar to become most-used currency in China’s cross-border transactions

April 26, 2023
Yuan overtakes dollar to become most-used currency in china's cross-border transactions - photo licensed by shore news network.

SHANGHAI (Reuters) – The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official …

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China wants weaker US dollar as reserve currency, says Biden economist nominee

April 18, 2023
China wants weaker us dollar as reserve currency, says biden economist nominee - photo licensed by shore news network.

WASHINGTON (Reuters) – There was “some evidence” that China wants the dollar to weaken as the international reserve currency, said a White House nominee for …

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El Paso CBP officers seize more than $320,000 in unreported currency

April 15, 2023

EL PASO, Texas – U.S. Customs and Border Protection officers working at the Bridge of the Americas and Paso Del Norte border crossings seized a …

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Russian central bank rejects lawmakers’ requests to tighten currency restrictions

April 12, 2023
Russian central bank rejects lawmakers' requests to tighten currency restrictions - photo licensed by shore news network.

By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s Central Bank Governor Elvira Nabiullina on Wednesday rejected lawmakers’ requests to tighten currency restrictions in …

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CBP Officers Seize over $190K in Undeclared Currency at the Pharr International Bridge

April 7, 2023

PHARR, Texas—U.S. Customs and Border Protection, Office of Field Operations (OFO) at the Pharr International Bridge intercepted $198,902 in undeclared currency from a traveler heading …

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‘Reckless And Destructive’: Tucker Carlson Says Biden Trashed Dollar’s Status As Reserve Currency

April 6, 2023
‘reckless and destructive’: tucker carlson says biden trashed dollar’s status as reserve currency - photo licensed by shore news network.

‘Reckless And Destructive’: Tucker Carlson Says Biden Trashed Dollar’s Status As Reserve Currency Harold Hutchison on April 5, 2023 Fox News host Tucker Carlson said …

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Analysis-Pressure builds on Egypt to devalue currency further

March 28, 2023
Analysis-pressure builds on egypt to devalue currency further - photo licensed by shore news network.

By Patrick Werr CAIRO (Reuters) – The Egyptian pound lost ground on the black market again in recent days in a sign that halving its …

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CBP Officers Seize $126K in Unreported Currency at Hidalgo Port of Entry

March 23, 2023

HIDALGO, Texas—U.S. Customs and Border Protection, Office of Field Operations (OFO) at the Hidalgo International Bridge intercepted $126,000 in undeclared currency. “CBP officers conduct outbound …

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Brazil announces pilot for digital currency seeking to leverage financial services

March 6, 2023
Brazil announces pilot for digital currency seeking to leverage financial services - photo licensed by shore news network.

BRASILIA (Reuters) – Brazil’s central bank announced the start of a digital currency pilot project on Monday, aiming to replicate the success of its instant …

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Sri Lanka to relax currency band as it moves towards market driven exchange rate

March 3, 2023
Sri lanka to relax currency band as it moves towards market driven exchange rate - photo licensed by shore news network.

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will relax its currency band from next week, its central bank said on Friday, as part of …

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Zimbabwe adopts new inflation rate based on U.S. dollar, local currency

March 3, 2023
Zimbabwe adopts new inflation rate based on u. S. Dollar, local currency - photo licensed by shore news network.

HARARE (Reuters) – Zimbabwe will from now on measure inflation using a weighted average of items priced in Zimbabwean dollars and U.S. dollars, the government …

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Iran’s currency slides to record low as savers buy dollars

February 25, 2023
Iran's currency slides to record low as savers buy dollars - photo licensed by shore news network.

DUBAI (Reuters) – Iran’s rial currency sank to a record low against the U.S. dollar on Saturday despite central bank measures aimed at cooling demand …

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Dulles CBP Officers Seize over $350k during 14 Currency Reporting Violations Since New Year’s Eve

February 15, 2023
Dulles cbp officers seize over $350k during 14 currency reporting violations since new year’s eve - photo licensed by shore news network.

STERLING, Va. – U.S. Customs and Border Protection officers are facing an alarming trend of travelers violating U.S. currency reporting laws after officers seized $350,918 …

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South Korea, Australia central banks renew currency swap agreement

February 6, 2023
South korea, australia central banks renew currency swap agreement - photo licensed by shore news network.

SEOUL (Reuters) – South Korea’s central bank said it renewed on Monday a currency swap agreement with its Australian counterpart, valued at 9.6 trillion won …

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BoE and Treasury think UK is ‘likely’ to need digital currency – Telegraph

February 4, 2023
Boe and treasury think uk is 'likely' to need digital currency - telegraph - photo licensed by shore news network.

LONDON (Reuters) -The Bank of England (BoE) and Britain’s finance ministry think the UK is likely to need to create a central bank digital currency …

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Brazil currency firms, rate cut bets pushed back by central bank’s hawkish outlook

February 2, 2023
Brazil currency firms, rate cut bets pushed back by central bank's hawkish outlook - photo licensed by shore news network.

By Marcela Ayres BRASILIA (Reuters) – Brazil’s currency firmed and interest rate futures jumped on Thursday as a more hawkish outlook from the central bank …

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Philadelphia CBP Officers Seize $200K in Unreported Currency from Nigeria-bound NJ Man

January 24, 2023
Philadelphia cbp officers seize $200k in unreported currency from nigeria-bound nj man - photo licensed by shore news network.

PHILADELPHIA – U.S. Customs and Border Protection officers seized more than $200,000 in unreported currency from a Nigeria-bound New Jersey man at Philadelphia International Airport …

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CBP Officers Seize $274K in Unreported U.S. Currency at the Brownsville and Matamoros International Bridge

January 24, 2023

BROWNSVILLE, Texas – U.S. Customs and Border Protection officers working at the Brownsville and Matamoros International Bridge Port of Entry seized $274,867 in bulk, unreported …

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A South American currency union? Don’t hold your breath

January 23, 2023
A south american currency union? Don't hold your breath - photo licensed by shore news network.

By Rodrigo Campos NEW YORK (Reuters) – South America is not likely to have a common currency bloc to rival the euro any time soon, …

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Explainer-What Brazil and Argentina’s ‘currency union’ really means

January 23, 2023
Explainer-what brazil and argentina's 'currency union' really means - photo licensed by shore news network.

By Marcela Ayres BRASILIA (Reuters) – Brazil and Argentina sparked some excitement on Sunday over the possibility of a potential “currency union”, though the two …

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Lula says Brazil and Argentina will study common currency for trade

January 23, 2023
Lula says brazil and argentina will study common currency for trade - photo licensed by shore news network.

BUENOS AIRES (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Monday said Brazil and Argentina are studying the creation of a common currency …

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Iranian currency falls to record low amid isolation and sanctions

January 21, 2023
Iranian currency falls to record low amid isolation and sanctions - photo licensed by shore news network.

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 …

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CBP Officers Seize $931K in Unreported U.S. Currency at the Brownsville and Matamoros International Bridge

January 11, 2023
Cbp officers seize $931k in unreported u. S. Currency at the brownsville and matamoros international bridge - photo licensed by shore news network.

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 …

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Argentina and China formalize currency swap deal

January 8, 2023January 8, 2023
Argentina and china formalize currency swap deal - photo licensed by shore news network.

BUENOS AIRES (Reuters) – Argentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted …

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Spring Hill Man Sentenced To 30 Months In Federal Prison For Manufacturing And Aiding In The Passing Of Counterfeit Currency Throughout North Florida

December 29, 2022
Spring hill man sentenced to 30 months in federal prison for manufacturing and aiding in the passing of counterfeit currency throughout north florida - photo licensed by shore news network.

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 …

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Brazil central bank to launch its digital currency in 2024

December 13, 2022
Brazil central bank to launch its digital currency in 2024 - photo licensed by shore news network.

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 …

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Belarus central bank to remove euro from currency basket weightings

December 8, 2022
Belarus central bank to remove euro from currency basket weightings - photo licensed by shore news network.

(Reuters) – Belarus’ central bank said on Thursday it will remove the euro from its currency basket used to calculate the official exchange rate for …

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CBP Officers Seize $119K in Unreported Currency at Eagle Pass Port of Entry

December 5, 2022
Cbp officers seize $119k in unreported currency at eagle pass port of entry - photo licensed by shore news network.

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 …

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False Name Turns into Counterfeit U.S. Currency Discovery by Wellesley Island Border Patrol Agents

December 5, 2022
False name turns into counterfeit u. S. Currency discovery by wellesley island border patrol agents - photo licensed by shore news network.

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. …

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Venezuela’s anti-inflation efforts dealt blow as currency tumbles

November 23, 2022November 23, 2022
Venezuela's anti-inflation efforts dealt blow as currency tumbles - photo licensed by shore news network.

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 …

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S&P pushes Argentina’s local currency rating deeper into junk territory

November 16, 2022November 16, 2022
S&p pushes argentina's local currency rating deeper into junk territory - photo licensed by shore news network.

(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 …

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Scranton Man Sentenced To 12 Months’ Imprisonment For Passing Counterfeit United States Currency At Luzerne County Casinos

October 28, 2022
Scranton man sentenced to 12 months’ imprisonment for passing counterfeit united states currency at luzerne county casinos - photo licensed by shore news network.

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 …

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Brazil central bank to roll over currency swaps expiring in December

October 27, 2022
Brazil central bank to roll over currency swaps expiring in december - photo licensed by shore news network.

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 …

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Egypt to develop new currency indicator to wean people off U.S. dollar

October 23, 2022October 23, 2022
Egypt to develop new currency indicator to wean people off u. S. Dollar - photo licensed by shore news network.

CAIRO (Reuters) – Egypt will develop a new currency indicator partly to wean people off the idea that the Egyptian pound should be pegged to …

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Four Philadelphia-Area Individuals Indicted For Passing Over $2,800 In Counterfeit United States Currency At Multiple Stores In Lackawanna And Luzerne Counties

October 19, 2022
Four philadelphia-area individuals indicted for passing over $2,800 in counterfeit united states currency at multiple stores in lackawanna and luzerne counties - photo licensed by shore news network.

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, …

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Hollywood’s Anna May Wong to become first Asian American on U.S. currency

October 19, 2022October 19, 2022
Hollywood's anna may wong to become first asian american on u. S. Currency - photo licensed by shore news network.

(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 …

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Currency hit to N. American companies seen ‘bad’ after rough Q2 -report

October 18, 2022
Currency hit to n. American companies seen 'bad' after rough q2 -report - photo licensed by shore news network.

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 …

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Russian rouble steady as exporters convert foreign currency

October 18, 2022October 18, 2022
Russian rouble steady as exporters convert foreign currency - photo licensed by shore news network.

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 …

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A U.S. central bank digital currency isn’t necessary for dollar supremacy- Fed’s Waller

October 14, 2022
A u. S. Central bank digital currency isn't necessary for dollar supremacy- fed's waller - photo licensed by shore news network.

(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 …

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Avoid fx intervention if currency weakness is due to fundamentals, IMF economists say

October 14, 2022October 14, 2022
Avoid fx intervention if currency weakness is due to fundamentals, imf economists say - photo licensed by shore news network.

(Reuters) – Countries should avoid spending scarce foreign exchange reserves intervening to support currencies that are weakening as a result of economic fundamentals such as …

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China’s digital currency passes 100 billion yuan in spending – PBOC

October 13, 2022October 13, 2022
China's digital currency passes 100 billion yuan in spending - pboc - photo licensed by shore news network.

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 …

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China central bank says will ‘resolutely’ curb big currency swings

October 11, 2022October 11, 2022
China central bank says will 'resolutely' curb big currency swings - photo licensed by shore news network.

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 …

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Japanese foreign currency deposits rise at fastest rate since 2015

October 11, 2022
Japanese foreign currency deposits rise at fastest rate since 2015 - photo licensed by shore news network.

By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Japanese retail foreign currency deposits have jumped this year as local investors switch out of a weakening …

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CHANG: China Can’t Stop Its Currency Plunge

October 5, 2022
Chang: china can’t stop its currency plunge - photo licensed by shore news network.

  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 …

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