Lebanon money exchangers back at work after strike

Money exchangers in Lebanon have ended their strike and returned to work. The government had blamed them for the devaluation of the local currency. There now appears to be a deal to control the currency market. But many warn that stabilising the exchange rate cannot happen as long as US dollars are in short supply … Read more Lebanon money exchangers back at work after strike

Australian dollar rises pinned by hopes of V-shaped economic recovery | Finance Report

Australian markets shrugged off news of the recession, with strong gains by shares and currency. Alan Kohler has today’s finance report. For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 You … Read more Australian dollar rises pinned by hopes of V-shaped economic recovery | Finance Report

Can Lebanon come back from the brink? | The Stream

“Lebanon’s finished.” That’s the prevailing sentiment among many residents in this nation these days, as it grapples with the worst economic crisis in its history. Today, nearly half of Lebanon’s six million people live below the poverty line. More than a third of the working population is unemployed, and the nation’s currency has lost 60 … Read more Can Lebanon come back from the brink? | The Stream

Zimbabwe tobacco: Biggest foreign currency earner hit by COVID-19

Tobacco is crucial for Zimbabwe’s economy. It brings in foreign currency – which helps with cash and fuel shortages. But the coronavirus pandemic is making that more difficult. Al Jazeera’s Haru Mutasa reports from the farming village of Beatrice. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on … Read more Zimbabwe tobacco: Biggest foreign currency earner hit by COVID-19

Who Really Benefits From U.S. Dollar Dominance | Yakov Feygin

When people talk about the dominance of the U.S. dollar in global commerce, they often refer to it as a unique privilege of the Unied States that its currency is the world’s safe haven. But it’s not so clear who really benefits from the unique role played by the greenback. For one thing, there are … Read more Who Really Benefits From U.S. Dollar Dominance | Yakov Feygin

Burundi Ruling Party Candidate Wins Vote Rejected by Rival

Burundian ruling party candidate Evariste Ndayishimiye won the nation’s presidential election, which was marred by violence and health concerns because of the coronavirus outbreak. The outcome was immediately rejected by the opposition. Ndayishimiye won with 68.7% of the ballots cast on May 20, according to the Independent National Electoral Commission. His main rival, Agathon Rwasa, … Read more Burundi Ruling Party Candidate Wins Vote Rejected by Rival

15-Year Rule of Burundi’s ‘Paramount Leader’ Ends with Election

Burundi ruling party candidate Evariste Ndayishimiye won last week’s presidential election, which was marred by violence and health concerns because of the coronavirus outbreak. Ndayishimiye won with 68.7% of the ballots cast on May 20, according to the Independent National Electoral Commission. His main rival, Agathon Rwasa, got 24.2%, the commission announced on Monday. Burundi’s … Read more 15-Year Rule of Burundi’s ‘Paramount Leader’ Ends with Election

Is France breaking with its colonial past in Africa? | Inside Story

Eight West African countries will soon be using a new currency. And it may well be that you didn’t even know they had an old one! But for 75 years, the CFA as it would be said in French, has been used as money from Senegal to Niger and most places in between. But now, … Read more Is France breaking with its colonial past in Africa? | Inside Story

Where will China’s yuan go next?

With U.S.- China negotiations at a standstill, the currency relationship will likely be quiet in the near term. Insights via @CME Group : https://openmarkets.cmegroup.com/quicktake?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: https://bit.ly/2FJ0oQZ Email us … Read more Where will China’s yuan go next?

Why are some OPEC nations struggling to make any money right now? | Counting the Cost

Not all OPEC nations are rich and can weather a storm like the coronavirus pandemic with oil prices also sliding into negative territory, however briefly. OPEC cartel leader Saudi Arabia is cutting subsidies and raising taxes but it also has massive foreign currency reserves that can see it through the crisis. But that is not … Read more Why are some OPEC nations struggling to make any money right now? | Counting the Cost

Winter wheat faces tough growing season

Some of the weather issues appear to be short-term, but there are still currency and quota issues in the market. Insights via @CME Group : https://openmarkets.cmegroup.com/quicktake?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: https://bit.ly/2FJ0oQZ … Read more Winter wheat faces tough growing season

Bitcoin Slumps Ahead of Closely-Watched Halving Event

May.11 — Bitcoin slumped over the weekend after rising back above $10,000 late last week, casting a cloud over its latest attempted rebound. The decline took place ahead of a closely watched, technical event known as halving. Antoni Trenchev, co-founder at Nexobank, sees the currency reaching $50,000 by the end of the year. He speaks … Read more Bitcoin Slumps Ahead of Closely-Watched Halving Event

Why digital currency in China?

China has been working on a digital version of the yuan since 2014, and there is talk that the central government hopes to launch a form of e-currency for the 2022 Beijing Winter Olympics. That’s why a screenshot of an internal mobile application developed by the Agricultural Bank of China showing a digital banknote attracted … Read more Why digital currency in China?