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 media are excited about something …
Currency
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Rising sol: Peru’s currency at year-high after shaking off protest impact
by Reutersby ReutersBy Marco Aquino LIMA (Reuters) – In a country shaken by years of political volatility, Peru’s national currency has emerged as a mainstay of relative stability among Latin American foreign …
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Mexican president backs U.S. dollar as globe’s ‘principal currency’
by Reutersby ReutersMEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador gave the U.S. dollar a vote on confidence on Monday after he was asked if a weakening greenback might spur …
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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 to Mexico. “CBP officers conduct …
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South Korea, Indonesia central banks agree to promote local currency transactions
by Reutersby ReutersSEOUL (Reuters) – The central banks of South Korea and Indonesia signed a memorandum of understanding on Tuesday to cooperate on promoting the use of their currencies for bilateral transactions, …
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Egypt’s economy seen growing 4% this fiscal year as currency weakens- Reuters poll
by Reutersby ReutersBy 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 its currency, a Reuters poll …
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Yuan overtakes dollar to become most-used currency in China’s cross-border transactions
by Reutersby ReutersSHANGHAI (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 data showed, reflecting efforts by …
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China wants weaker US dollar as reserve currency, says Biden economist nominee
by Reutersby ReutersWASHINGTON (Reuters) – There was “some evidence” that China wants the dollar to weaken as the international reserve currency, said a White House nominee for a top economist position on …
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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 combined $320,841 in unreported U.S. …
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Business News
Russian central bank rejects lawmakers’ requests to tighten currency restrictions
by Reutersby ReutersBy Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s Central Bank Governor Elvira Nabiullina on Wednesday rejected lawmakers’ requests to tighten currency restrictions in response to rouble weakening, warning …
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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 to Mexico. “CBP officers conduct …
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‘Reckless And Destructive’: Tucker Carlson Says Biden Trashed Dollar’s Status As Reserve Currency
‘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 Wednesday that President Joe Biden …
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By Patrick Werr CAIRO (Reuters) – The Egyptian pound lost ground on the black market again in recent days in a sign that halving its official value over the past …
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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 enforcement operations to protect against …
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Business News
Brazil announces pilot for digital currency seeking to leverage financial services
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s central bank announced the start of a digital currency pilot project on Monday, aiming to replicate the success of its instant payment system Pix to popularize …
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Sri Lanka to relax currency band as it moves towards market driven exchange rate
by Reutersby ReutersBy Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will relax its currency band from next week, its central bank said on Friday, as part of efforts to move towards a …
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Zimbabwe adopts new inflation rate based on U.S. dollar, local currency
by Reutersby ReutersHARARE (Reuters) – Zimbabwe will from now on measure inflation using a weighted average of items priced in Zimbabwean dollars and U.S. dollars, the government said on Friday. Previously the …
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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 for foreign currency from savers …
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Dulles CBP Officers Seize over $350k during 14 Currency Reporting Violations Since New Year’s Eve
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 in unreported currency since New …
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Business News
South Korea, Australia central banks renew currency swap agreement
by Reutersby ReutersSEOUL (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 or A$12 billion, for five …
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BoE and Treasury think UK is ‘likely’ to need digital currency – Telegraph
by Reutersby ReutersLONDON (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 (CBDC) later this decade, the …
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Business News
Brazil currency firms, rate cut bets pushed back by central bank’s hawkish outlook
by Reutersby ReutersBy Marcela Ayres BRASILIA (Reuters) – Brazil’s currency firmed and interest rate futures jumped on Thursday as a more hawkish outlook from the central bank led economists to push back …
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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 Sunday night. While conducting outbound …
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MIsc. News
CBP Officers Seize $274K in Unreported U.S. Currency at the Brownsville and Matamoros International Bridge
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 U.S. currency. “Our officers’ vigilance …
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By Rodrigo Campos NEW YORK (Reuters) – South America is not likely to have a common currency bloc to rival the euro any time soon, analysts said on Monday, despite …