Money cowries were used for thousands of years as currency across the Indo-Pacific world but introduced into Atlantic commercial networks relatively late.
The agreement marks a key milestone in strengthening bilateral financial cooperation between the world’s largest exporter, China, and Southeast Asia’s largest economy, Indonesia.
Central bank (in the background) can no longer perform its function of being the lender of last resort.
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Zimbabwe wants to issue a sovereign bond to raise $3.5 billion it has agreed to pay as compensation to white farmers, but the economic and political conditions aren’t conducive to such an issuance.
Trump says Argentina is intentionally weakening the peso.
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Most countries manipulate their currencies – at least a little – but at the moment that’s not the real reason they are undervalued relative to the dollar.
The founding partners of the Libra Association.
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The rupiah exchange rate will remain stable at around Rp14,000 per US dollar in the near future. There are at least three key reasons supporting this prediction.
The euro just turned 20.
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While the euro’s survival for two decades is evidence of its success, it was born with fundamental problems that have weakened it, leading to near-constant crisis.
Market volatility and value fluctuations are scaring some investors away from Bitcoin – but stablecoins could be one solution.
Much attention will be on the next meeting between Chinese President Xi Jinping and US President Donald Trump at the G20 in late November.
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Ongoing volatility is causing intense debate about how to manage relations between the two powerful nation, which is only likely to become more challenging.
A woman in Venezuela shows off the new two and five bolivar soberano bills.
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Venezuela recently devalued its bolivar by 95 percent to tame rabid hyperinflation that has been sending prices on everyday goods through the roof. If history is a guide, it won’t work.