YANGON, Myanmar – Giesecke Devrient has suspended the export of the raw materials used in printing Myanmar’s notes, called Kyat, the company said in a statement. They decision was based on the military’s violent crack down on anti-coup protesters throughout the country. Giesecke Devrient exports paper and ink required for printing Myanmar notes. “The German … Read more
Reflecting a hyperinflation-driven loss of 99.999% of the value of its currency in the last six years, the country is issuing its biggest high-denomination bill ever, worth $0.52 at the official exchange. By Milan Sime Martinic Read more
Flailing under pressure from the outsize economic influence of the US and EU in moving markets, the CHF’s role as a safe heaven is in much less demand, leaving it out of many major currency transactions, according to foreign exchange analysts. The CHF has been losing favor with investors for some time as the global … Read more
The popularity and value of dealing in cryptocurrency has been established over the past couple of years, with Bitcoin the most prominent of many new digital moneys. The Russian Central Bank’s Deputy Chairman Olga Skorobogatova spoke at SPIEF 2017 spoke about Russia’s interest in developing their own. “Regulators of all countries agree that it’s time … Read more
The loonie might go as low as 70 cents to the U.S. dollar in 2017, according to experts. Right now it’s around 73 cents, a 14-month low. The fall of the loonie is tied to the same old things: a strong period for the U.S. economy, interest rate hikes by the U.S. Federal Reserve, and … Read more