Bitcoin’s value rises after being labelled ‘legitimate’
A US Senate committee hearing regarding the online currency bitcoin has been told it is a “legitimate financial service” as its value soars to over
Businesses struggle as Sudan devalues currency by 22.6%
The central bank of Sudan has devalued its currency by 22.6% against the dollar. This is the second devaluation – with the first only taking
Bitcoins currency reaches historic highs amidst controversy
Just one month after skeptics were predicted bitcoin’s demise the virtual currency reached record new highs. The currency climbed to USD 273.50 on Mt. Gox
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
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,
Fears of Intervention in Syria Shatters the Stock Market
The world has been in high tensions over the Syrian conflict this past week as discussions of another US intervention into the Middle East began.
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
Brazil, Economy, Emerging Markets, Foreign Exchange, Government
FX Futures Can Safeguard Wealth For Expats
As currencies fluctuate in value almost hourly, expats would be forgiven for worrying about the impact the volatile markets are having on their cash –
British Pound, Cyprus, Economy, Foreign Exchange, US Dollar, Wealth