Gulf Times - currency
Tariffs and tech to tax G20 ministers in Argentina

Tariffs and tech to tax G20 ministers in Argentina

Tariffs, tech and taxes will strain finance ministers from G20 countries at a meeting in Argentina next week overshadowed by the gathering clouds of a trade war.

Ethiopia devalues currency by 15 percent to boost exports

Ethiopia devalues currency by 15 percent to boost exports

Ethiopia's central bank devalued the Ethiopian birr by 15 percent on Tuesday, its first such move in seven years to boost lagging exports.

Britain sees record visitor numbers on Brexit-hit pound

Britain sees record visitor numbers on Brexit-hit pound

Britain welcomed a record number of foreign visitors last year as the Brexit-hit pound boosted their purchasing power, official data showed on Thursday.

New virtual currency tied to oil takes aim at bitcoin

New virtual currency tied to oil takes aim at bitcoin

A new virtual currency launched Tuesday aims to rival industry leader bitcoin by pegging its value to hard oil assets, a first in the rapidly growing digital money sector.

Indian parliament session ends in washout over notes ban

Indian parliament session ends in washout over notes ban

The month-long session of India's parliament concluded on Friday in a virtual washout owing to protests over the government's move to withdraw high-value bank notes.

India arrests central bank official over cash scam

India arrests central bank official over cash scam

Indian investigators arrested a central bank official Tuesday for allegedly illegally exchanging old bills worth some 15 million rupees ($222,000) for new ones as the country faces a cash crisis.

Venezuela to issue new notes as currency plunges

Venezuela to issue new notes as currency plunges

Venezuela will introduce six new notes and three new coins starting in mid-December to help alleviate practical problems in doing business with the world's most inflationary currency, according to the central bank.

India cash ban slims down big fat weddings

India cash ban slims down big fat weddings

Jatin Pal's wedding was just days away and his family were finalising plans for an extravagant multi-day celebration -- then Indian Prime Minister Narendra Modi banned high denomination notes overnight ...

New British bank notes fall foul of vegetarians

New British bank notes fall foul of vegetarians

Britain's new plastic £5 notes, bearing the portrait of wartime Prime Minister Winston Churchill, have fallen foul of thousands of people who object to the use of animal fats in their manufacture.

India stops over-the-counter exchange of old bills

India stops over-the-counter exchange of old bills

India Thursday stopped the over-the-counter exchange of old bills as the government faced growing criticism of its shock move to withdraw all high-denomination banknotes in a bid to tackle widespread corruption and tax evasion.

Sudan arrests dozens in foreign exchange crackdown

Sudan arrests dozens in foreign exchange crackdown

Sudanese security agents have detained dozens of foreign exchange dealers for black market trading, as the authorities struggle to curb speculation against the pound, brokers said on Thursday.

Indians find ways to dodge 'black money' crackdown

Indians find ways to dodge 'black money' crackdown

From deploying 'cash coolies' to buying Rolex watches, Indians have found unique ways to dodge the government's surprise move to withdraw high value bills in a bid to tackle widespread corruption and tax evasion.