Pakistan is celebrating a record high in remittances this year as a result of its attempts to crack down on illegal foreign exchange dealings. Central bank data shows the amount of money sent home by those residing abroad increased by 34 percent year-over-year in the five months leading up to november.



Pakistan's Crackdown on Illegal Dollar Trade Boosts Remittances

In a significant shift, Bangladesh is set to remove the image of Sheikh Mujibur Rahman, the country's founding leader, from its currency notes. This move, reported by local sources, has sparked widespread debate and raised questions about national identity and the legacy of the nation’s independence.

Bangladesh Plans to Remove Sheikh Mujibur Rahman’s Image from Currency Notes

South Africa's central bank plans to reduce interest rates gradually in 2025, signaling cautious monetary easing.

South Africa's Central Bank To Cut Rates Sparingly In 2025

China has expelled a high-ranking regulator following a corruption investigation related to cryptocurrency activities. The official was accused of being involved in illicit dealings, raising concerns over the influence of digital currencies on the country's regulatory system.

China Expels Regulator Over Crypto-Linked Corruption

As 2024 draws to a close, the Chinese government may now say "Mission accomplished" on the made in China 2025 initiative, which has been in the works for over a decade.

China Risks Remain Despite Manufacturing Crown

The yuan's use in international payments fell by the highest on record last month. This is based on transaction data gathered by international financial messaging provider swift.

Use of Yuan in Global Payments Drop Sharply

Set to test relations with India, Nepal has awarded a contract to a Chinese firm for printing currency notes featuring a political map that includes some Indian territories that Nepal claims as its own. Watch in for more details!

Nepal's New Controversial Currency Notes To Cost Nearly $9 Million

Now, we look at the rise in the use of yuan in cross-border trade settlements this year. As part of Beijing's efforts to elevate the yuan's profile in international business, its use for global transactions has increased by over 20 percent this year.

Beijing's Yuan Push as Global Currency in Focus

In a significant move to boost demand and the economy, China's Central Bank Unleashed a massive stimulus program. Watch to know the key highlights.

China Unveils Massive Stimulus Program

Shanghai has been hit by its strongest typhoon since 1949, with typhoon Bebinca slamming into the eastern seaboard. The storm, with maximum sustained winds of 120 Kilometres per hour, made landfall in the Yangtze river delta early Monday. Bloomberg intelligence estimates the economic impact could reach 10 billion yuan.

Economic losses from Typhoon Bebinca could hit 10 billion Yuan

There is a profound change taking place in the world of finance. The US dollar has dominated global investment and commerce for many years. However, a fresh rival is now on the rise: the Chinese Yuan. As a result of China's deliberate attempts to lessen its reliance on the dollar, the yuan now accounts for a record portion of international payments. This achievement is a major step toward the creation of a more multipolar global monetary system.

Beijing's currency push continues despite economic headwinds | World Business Watch | WION

The global financial landscape is undergoing a seismic shift. For decades, the U.S. Dollar has reigned supreme, dominating international trade and investment. But now, a new challenger is emerging: the Chinese Yuan. The yuan's share in global payments has reached a historic high, a testament to China's strategic efforts to reduce reliance on the dollar. This milestone marks a significant step towards a more multipolar international monetary system.

China's currency gains ground amid downturn | World Business Watch | WION

The economic advisor to Nepal’s president on Sunday (May 12) submitted his resignation, nearly a week after criticising the decision of the government to issue currency notes which depicted the new map of the country with areas in India.

Nepal president's advisor resigns after criticising inclusion of Indian areas in map on new currency

Nepal announced on Friday (May 3) the issuance of a new ₹ 100 currency note featuring a map that includes the contentious territories of Lipulekh, Limpiyadhura, and Kalapani, previously denounced by India as "artificial enlargement" and "untenable".

New map on Nepal's 100 rupee note to incorporate Indian areas, including Kalapani; India reacts

ILO Report recently revealed that highly educated youth in India faced higher unemployment rates compared to those without formal education.

India's skills gap challenge: India's economy and the youth 'currency'

We put the spotlight on the Indian economy and most notably it's domestic currency-- the rupee. The Indian rupee has outperformed other emerging market currencies in the past six months. But what does this mean for the global economy?

What a strong rupee means for the global economy

Both Bitcoin and Ethereum have soared to two-year highs, fueled by recent ETF approvals and a notable investment push from Reddit. However, amid the excitement, concerns linger regarding regulatory scrutiny and the potential risks associated with such rapid price escalation.

Bitcoin & ether lead charge with double-digit gains

Bitcoin, the enigmatic cryptocurrency, has captivated the world with its wild price swings and promises of revolutionizing finance. But with recent developments like exchange-traded funds and the looming block reward halving, the question arises: can bitcoin truly reach new heights, or is it destined for another tumble?

Why you shouldn't fall for wild crypto predictions

The State Bank of Pakistan (SBP) has announced its plans to introduce new currency notes embedded with enhanced international security features. The central bank's governor Jameel Ahmad said that the upcoming notes would showcase new serial numbers, designs, and advanced security elements.

Pakistan to soon roll out new currency notes with advanced security features: Report

India paid an average of $85.42 per barrel for Russian oil in November. It is the highest since the G7 economies imposed a price cap of $60 per barrel to cut Moscow's revenue. India paid 1.4% more for Russian oil in November compared to $84.20 per barrel in October, as per reports. Watch this video to find out why.

Why did Russian oil price in November for India hit a 12-month high?

Forbes has released a list of the ten strongest currencies in the world. The Kuwaiti Dinar has topped the list, meanwhile, the US Dollar has come in last.

Gravitas: Which is the strongest currency in the world?

As we head into 2024, the dynamics of geopolitics are at the core of global markets. So far, America has imposed sanctions against countries to cut them off from the global payment systems and dollars.

Is the dollar's status as a global reserve currency at risk?

Nigeria is bracing for a pretty harsh winter amid High inflation in the country. President Bola Tinubu has responded to the situation with several economic measures including the slashing of public transport prizes on several routes by half as well as free train rides for the Nigerians.

Nigerian currency loses 41% value

In yet another sign of international investors turning their attention from china to the world's fastest-growing major economy, Goldman Sachs group joins wall street lenders and private equity giants betting big on India. Goldman Sachs intends to expand its lending business in india and sees a rising potential to target the country's affluent diaspora.

Goldman plans an India license to scale up currency trading

currency

Currency, News on Currency, stories on Currency, articles on Currency, Currency stories at Wion, Currency news, Currency latest news