China needs open capital markets for yuan to be global currency, IMF’s Gopinath says
By David Lawder WASHINGTON – If China wants its yuan to become a globally used currency, Beijing would need to have open capital markets and …
Currency
History of Japan’s intervention in currency markets
(Reuters) – A precipitous drop in the yen has investors wary that Japan intervenes in the open market to support the currency. [FRX/] It is …
Explainer-What would Japan’s currency intervention to combat a weak yen look like?
By Leika Kihara and Tetsushi Kajimoto TOKYO – Japanese policymakers escalated their warnings against sharp yen falls with the finance minister saying the currency’s slump …
Three Plead Guilty to Wire Fraud In Connection with Unlawful Virtual Currency Sales Business
CONCORD – Andrew Spinella, 36, of Derry, Renee Spinella, 24, of Derry, and Nobody, a/k/a Richard Paul, 53, of …
Japan’s cenbank is not aiming to manipulate currency, PM says
By Leika Kihara TOKYO -Japanese Prime Minister Fumio Kishida said the central bank’s monetary policy is aimed at achieving its 2% inflation target, not at …
CBP Officers Seize $106K 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 $106,000 in bulk, unreported …
‘Long time, if ever’ before dollar replaced as key global currency – Yellen
WASHINGTON – U.S. Treasury Secretary Janet Yellen said it would be “a long time, if ever” before the U.S. dollar was replaced as the key …
Bradenton Man Sentenced To 18 Months For Manufacturing Counterfeit Currency
Tampa, Florida – U.S. District Judge Virginia Hernandez Covington has sentenced Anthony Wayne Smith (58, Bradenton) to 18 months in federal prison for manufacturing counterfeit …
Egypt gets Gulf help again as eyes turn to currency flexibility
By Patrick Werr CAIRO – Gulf Arab states are channelling up to $22 billion to Egypt to help it overcome a currency crisis, the third …
Japan has little to cheer on weak yen, says former currency diplomat Furusawa
By Leika Kihara and Yoshifumi Takemoto TOKYO – Japan has little to cheer about a weak yen, which reflects its deteriorating economic fundamentals and trade …
Explainer-What would Japan’s currency intervention to combat a weak yen look like?
By Leika Kihara and Tetsushi Kajimoto TOKYO – Japanese policymakers escalated their warning against sharp yen falls, with the country’s top currency diplomat saying Tokyo …
Fed’s Waller says he sees no need for U.S. central bank digital currency
– U.S. Federal Reserve Governor Christopher Waller said on Friday he is not convinced of the need for a central bank digital currency, particularly for …
JPMorgan cuts EM local currency debt to ‘underweight’ as Russia-Ukraine woes bite
By Jorgelina do Rosario LONDON – JPMorgan analysts have slapped a sell, or ‘underweight’, recommendation on emerging market local currency sovereign debt due to the …
Rate hike, intervention can’t reverse weak yen, says former Japan currency diplomat
By Leika Kihara and Yoshifumi Takemoto TOKYO – Tightening monetary policy or intervening in the currency market will do little to reverse unwelcome yen declines …
Ukraine crisis may reshape role of central bank digital currency, says ex-BOJ official
By Leika Kihara and Takahiko Wada TOKYO – Sanctions imposed on Russia could prod more countries like China to look at central bank digital currencies …
Ukraine finance minister says hryvnia currency will remain stable
LVIV, Ukraine – Ukrainian Finance Minister Serhiy Marchenko said on Monday he believed the hryvnia currency rate would remain stable. “Exchange rate stability will be …
Increased mining supply pushing Peruvian currency higher -cenbank
LIMA – A greater supply of dollars from the mining sector in Peru – the world’s No. 2 copper producer – is pushing up the …
Isolated Russians scramble for hard currency, fear worse is yet to come
MOSCOW – Queues of people snaked through Moscow shopping malls on Tuesday as the scramble for hard currency continued, and Russians faced increasing isolation as …
Russian Currency Plummets After Invasion And Western Sanctions
The Russian ruble plummeted to a record low value Monday after Western countries announced sanctions on Russia as the nation’s invasion of Ukraine intensified, multiple …
Rouble-crypto trading soars as sanctions hit Russian currency
By Tom Wilson LONDON – Trading volumes between the Russian rouble and the Tether cryptocurrency spiked sharply on Monday as the local currency tumbled to …
Russian central bank eases caps on banks’ open foreign currency positions
MOSCOW – Russia’s central bank said on Sunday it was temporarily easing restrictions on banks’ open foreign currency positions after the West decided to block …
S&P lowers Russia’s foreign currency rating to ‘BB+’
– Rating agency S&P said on Friday it lowered Russia’s long-term foreign currency sovereign credit ratings to ‘BB+/B’ from ‘BBB-/A-3’ and local currency ratings to …
Fed’s Brainard sees case for U.S. central bank digital currency
– Federal Reserve Board Governor Lael Brainard on Friday laid out a case for the role a U.S. central bank digital currency could play in …
Japan’s yen back in favour as a funding currency, but with more risks
(Refiles to correct 14th paragraph by adding missing word research to analyst job title) By Alun John HONG KONG – As the Bank of Japan …
Coinbase to let crypto recipients in Mexico cash out in local currency
By Sheila Dang – Coinbase Global on Tuesday said it is launching a pilot program to allow cryptocurrency recipients in Mexico to cash out their …
Dulles CBP Officers Seize $29K in Unreported Currency from Congolese Man
STERLING, Virginia – U.S. Customs and Border Protection (CBP) officers seized $29,900 in unreported currency from a man who arrived on a flight from Ethiopia …
Fed’s Bowman: keeping ‘open mind’ on central bank digital currency
By Ann Saphir – Federal Reserve Governor Michelle Bowman said Wednesday said she is “trying to keep an open mind” about the usefulness of a …
Currency hit to North American companies in Q3 lowest since 2018
By Caroline Valetkevitch NEW YORK – The negative impact of currency fluctuations on North American companies’ third-quarter 2021 results fell from the quarter before and …
California Man Sentenced to Federal Prison for Passing Counterfeit Currency
BOISE – A San Leandro, California man was sentenced to four months in federal prison and four months of home confinement for passing counterfeit currency. …
CBP Officers Seize $261K in Unreported Currency at Laredo Port of Entry
LAREDO, Texas – U.S. Customs and Border Protection (CBP) Office of Field Operations (OFO) officers working outbound operations at the Juarez Lincoln Bridge, seized over …
Jamaica digital currency due for national roll-out in coming months – central bank
By Kate Chappell KINGSTON – Jamaica will roll out its digital currency across the country in the first quarter of this year as part of …
Bradenton Man Pleads Guilty To Manufacturing Counterfeit Currency
Tampa, Florida – Anthony Wayne Smith (58, Bradenton) has pleaded guilty to manufacturing counterfeit currency. He faces a maximum penalty of 20 years in federal …
Dulles CBP Officers Seize Nearly 4,000 Bongs and $23k in Unreported Currency
STERLING, Virginia — The seizure of a $56,000 shipment of glass bongs and $23,000 in unreported currency on Monday offer a glimpse into the breadth …
International Wholesale Currency Dealer Sentenced for Criminal Operations; Forfeits $1.1 Million
Assistant U. S. Attorneys Michael A. Deshong, Daniel C. Silva, and Carl Brooker (619) 546-9290 NEWS RELEASE SUMMARY—November 16, 2021 SAN DIEGO — GPOMCT Grupo …
Puerto Man Apprehended on a Vessel with $ 316,930 in U.S. Currency Pleads Guilty to Making a False Statement to Federal Agents; Vessel and U.S. Currency are Forfeited
ST. Thomas, USVI – U.S. Attorney Gretchen C.F. Shappert of the District of the Virgin Islands announced that a Puerto Rico man pleaded guilty in …
Captain of Vessel is Sentenced to Federal Prison for Smuggling $287,660 in U.S. Currency into St. Thomas Following High-Speed Chase and Apprehension Near Savana Island
Our nation-wide commitment to reducing gun crime in America. – click here – Public Service Announcement from the US Attorney’s OfficeDistrict of the Virgin Islands …
Port of Roma, Texas, CBP Officers Seize Over $200K in Undeclared Currency at the Falcon Dam International Crossing
ROMA, Texas – U.S. Customs and Border Protection (CBP) Office of Field Operations (OFO) officers intercepted over $200,000 in undeclared currency in one enforcement action at …
Philadelphia CBP Officers Seize More than $6.5 Million in Fake Currency from Russia
PHILADELPHIA – U.S. Customs and Border Protection officers in Philadelphia seized more than $6.5 million in counterfeit U.S. currency on Tuesday that arrived in international …
Kansas Man Sentenced to Three Years in Prison for Engaging in $900,000 Foreign Currency Ponzi Scheme
NEWARK, N.J. – A Kansas man who executed an elaborate foreign currency Ponzi scheme that took in more than $900,000 from investors was sentenced today …
Attorney General James Shuts Down Virtual Currency Trading Platform and Stops Cryptocurrency CEO From Continuing Fraudulent Conduct
Coinseed Put Thousands of Investors’ Money at Risk Despite Ongoing Lawsuit NEW YORK – New York Attorney General Letitia James today secured a judgment against …