The end is nigh for Cuba’s two-tier currency system
“One country, two currencies” has long been one of Cuba’s particular idiosyncrasies. Yet times are changing, with the Cuban Government announcing on Tuesday that it
The American Dollar Dips as the Euro Surges
Due to a number of factors in recent months, the American dollar has been entering a slump. It was reported that on Wednesday the US
US Government Shutdown Delays QE Tapering
The Federal Reserve Bank announced that they will continue to pump money into the United States economy until March of next year. This news came
Facebook drops Credits; transitions to local currency payments
Facebook launched its virtual currency Credits in June 2011 to simplify payments, earn a 30% cut on purchases, and create a level playing field for
Will the Weakening Rupee Affect Dubai?
The Indian rupee has reached a record low this past week at 68.825 rupees to the US dollar. This is a difficult situation for India,
Ambani Loses a Quarter of His Fortune
India’s richest man, Mukesh Ambani, known for his overly-opulent tastes in homes, has reportedly lost one quarter of his overall net worth due to the
The Downfall of the Brazilian Real
This past week has be rough for the Brazilian real, it has sunk to the lowest it has been in almost 5 years and was
Indian Rupee On A Slippery Slope Against The US Dollar
Questions are being asked about the slide of the Indian rupee against the world’s major currencies. Not long ago, the rupee was up around the
Brits Worried The Euro Is Ready To Implode
Just when investors thought the Euro crisis was over comes research showing that financially-savvy Brits say they are concerned about the collapse of the currency