Currency

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 …