Group items tagged

The Central Bank of Nigeria has reduced the limit as to how much banks can borrow in foreign currency, from 200% to 75% of the shareholder's funds. This means that the banks are less able to stimulate the country's currency through purchasing foreign currency, leaving the exchange rate in the hands of the government and central bank, as well as foreign currencies.

This article highlights a policy made by the central bank that aims to limit the amount of foreign currency that Nigerian banks are allowed to own foreign currency. Fears are that otherwise the Nigerian currency will depreciate, making the Nigerian economy more dependent upon foreign currencies.

This is an interesting article talking about how many people don't change their currencies after holidays. Of course, for each household, the amount may not be that big, but the collective £3 billion is a lot of unused money in the economy!

This article discusses Venezuela's falling/devaluing currency, and how it tends to correlate with a lower standard of living. It also illustrates how, after the repeated devaluation of their currency, Venezuelans have opted to spend more of their money on goods. This gives them assets, or items that will not devalue with the currency.

Due to severe financial problems and economic instability, Zimbabwe now accepts 8 different currencies from foreign countrys, including their own. The hyperinflation causes injections of foreign money and leakage of Zimbabwe's own money.

In this article, Argentina is said to have devaluated their peso so much to preserve international reserves. In the process however, the country has had to experience other problems such as paying back foreign creditors, the decrease of bods, and the growth of the illegal black market.

China's cheap currency and its large current-account surplus are big controversies in global economics. This article discusses how American policymakers accuse China of manipulating its currency for competitive gain. It peaked at over 10% of GDP in 2007.

This article shows that when currency exchange rates change, businesses must adapt quickly. Knowing how a weaker American dollar is likely to affect a business may save some critical mistakes. It also talks about the implications of a weak dollar.

A discussion on where the value of Bitcoin, the online currency, is discussed and the source of its value is evaluated. Also how Bitcoin's value will increase after being launched in Sydney's exchange.

The U.S. economy still seems to exceed over the rest of the world. However, American policy makers are now allowing certain other countries to reach for prosperity even at their expense. The rest of the article talks about how this and other changes in the economies are affecting the currency values of different countries.

This article discusses how the foreign currency exchange market is in a period of very little activity. This is due to the incredibly stagnant interest rates across countries, which has seldom been so stable. It also details banker's crooked abuse of the system.

This article talks about how India's economic growth rate has picked up strongly. It shows how India has had many problems in the past including high inflation and a weak currency and a slowdown in the mining industry which have all slowed down their growth.

This article talks about how sharing the Pound as a joint currency between and Independent Scotland and England would not work, as well as changes or current fiscal policies needed or preventing Scotland's bid for independence.

This article comments on the loss of revenue gained by the danish brewer Carlsburg by the falling value of the Rouble against the Euro by 7%.

The value of the Ruble is dropping against the Dollar, and the central bank is trying to make the Ruble stronger.

The Commerce Department said on Tuesday the trade gap increased 7.6 percent to $43.03 billion, ending four straight months in which the deficit had narrowed.Economists, who had expected a $40.00 billion trade gap in September, said the wider deficit could cut as much as a half a percentage point off that growth estimate.Exports in September fell 1.5 percent to $195.59 billion, the lowest level since April, a sign that weakening demand in key markets such as China and the euro zone was starting to weigh.A survey of U.S. manufacturers published on Monday showed a decline in a gauge of export order growth, suggesting exports will weaken further.Apart from slowing global demand, exports are seen crimped by a strong dollar, which so far this year has strengthened by about 4 percent against the currencies of the country's main trading partners.

This article details how the exchange rate between the British Pound and the American Dollar has changed significantly amid reports of a slowing UK economy juxtaposing a steady US economy.