US sanctions announced earlier this month may have triggered the plunge in the lira, but the government has been mismanaging Turkey’s economy for years, creating severe vulnerabilities.
The Turkish currency, the lira, has fallen by more than 40% against the US dollar.
AAP
Global travelers are being increasingly asked if they want to pay for local purchases in terms of their home country currency. Here’s why you should resist the strong temptation to do so.
Will the rupiah continue to weaken against the US dollar?
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This episode is all about bitcoin. Will it be the currency of the future? Who’s trying to capitalise on the legal loopholes of cryptocurrencies? And is it possible to make mining them more green.
Treasury Secretary Steven Mnuchin walks through the snow at Davos.
AP Photo/Markus Schreiber
If Bitcoin is a bubble, it will be because its price rises are too great and can’t continue. If it isn’t, it will be because the Bitcoin market is still expanding. We just don’t know which one yet.
If you can’t use Bitcoin to buy anything then it has no intrinsic value.
Chinese Vice Premier Ma Kai met with
French Minister of Finance Michel Sapin in Paris in 2016 and the two agreed to deepen ties between the two countries. So how is their guanxi?
CNNTV
With a growing number of Chinese firms investing in France, new concepts are being introduced, including « guanxi », a reciprocal and emotional relationship between business partners.
When using a cryptocurrency, you interact with a system like the blockchain, an online ledger that records transactions, directly. Bitcoin, is an examples of this.
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A digital Australian dollar could remove the role of middlemen and creates a cheaper electronic currency system, while at the same time enabling the government to fully regulate the system.
The ‘war on cash’ is slowly eliminating paper currency.
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West African leaders have nursed the idea of a common currency for the sub-region since the turn of the century. But conditions for member countries to make this happen appear unattainable.
Withdrawing cash from an ATM can cost you if you’re not careful.
Reuters/Ints Kalnins
Global travelers are being increasingly asked if they want to pay for local purchases in terms of their home country currency. Here’s why you should resist the strong temptation to do so.
Blockchain technology is familiar to us in the form of digital currency bitcoin. And if it makes it way to the mainstream, could it change the way the world does business forever?