Citigroup strategists reportedly said the artificial intelligence (AI) boom and the resiliency of global trade have reversed the weakness in the U.S. dollar that was seen during the first half of the year. Citi strategists recommended in a Tuesday (Dec. 2) research note that emerging-market...
It’s official: the penny’s days are numbered. After more than two centuries of jingling in pockets, lining cash registers and fueling both nostalgia and frustration, the one-cent coin will cease production early next year, the U.S. Treasury has confirmed. The decision, driven by mounting production costs...
After a 3% decline in the rupee since mid-December, the new chief of India’s central bank reportedly said Friday (Feb. 7) that the bank is working to maintain stability without hurting market efficiency. “Our interventions in the forex market focus on smoothening excessive and disruptive...
The recent move by Norway to enact rules ensuring consumers’ ability to pay with cash reflects a growing concern over the potential exclusion of certain segments of the population who are reluctant to use digital payments. The proposed measures will enable customers to pay with...
December 12, 2025
Crypto just got chartered. The U.S. Office of the Comptroller of the Currency (OCC) on Friday (Dec. 12) conditionally approved applications for new national bank trust charters to five applicants from the digital asset and blockchain finance space. “New entrants into the federal banking sector are good for consumers, the banking industry and the economy,” said […]
March 12, 2024
The recent move by Norway to enact rules ensuring consumers’ ability to pay with cash reflects a growing concern over the potential exclusion of certain segments of the population who...
March 07, 2024
The travel industry is on a strong rebound post-pandemic, experiencing a notable resurgence in activity and revenue. And despite the rise of digital payments methods, Richard Wazacz, CEO at foreign exchange...
November 30, 2020
When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the...
December 02, 2025
Citigroup strategists reportedly said the artificial intelligence (AI) boom and the resiliency of global trade have reversed the weakness in the U.S. dollar that was seen during the first half of the year. Citi strategists recommended in a Tuesday (Dec. 2) research note that emerging-market investors seek trades that would cushion against a potential rebound […]
February 07, 2025
After a 3% decline in the rupee since mid-December, the new chief of India’s central bank reportedly said Friday (Feb. 7) that the bank is working to maintain stability without...
February 05, 2023
Nigeria’s switchover to new paper currency has grown more chaotic. ATMs in Africa’s largest economy have run out of new notes, Bloomberg News reported Saturday (Feb. 4), ahead of a...
June 16, 2020
Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the company’s banks and lenders, Financial...
