Currencies

Cryptocurrency, like bitcoin, has evolved from a niche payment system in 2009 to a popular investment option today.Bitcoin and other cryptocurrencies are digital currencies bought and sold without traditional banks. “Crypto, and bitcoin in particular, was really started as a payment system that was intended for people just to go shopping with,” said David Yermack, a finance professor at NYU Stern School of Business. “It has morphed into an investment.” Bitcoin can be purchased through cryptocurrency exchanges, stockbrokers, ATMs, exchange-traded funds, money transfer apps and wallet software. It can also...

Indian Rupee to Euro INR EUR 1 INR 0.009982 EUR 5 INR 0.04991 EUR 10 INR 0.09982 EUR 25 INR 0.24955 EUR 50 INR 0.4991 EUR 100 INR 0.9982 EUR 500 INR 4.991 EUR 1,000 INR 9.982 EUR 5,000 INR 49.91 EUR 10,000 INR 99.82 EUR 50,000 INR 499.1 EUR Euro to Indian Rupee EUR INR 1 EUR 100.180324584 INR 5 EUR 500.901622921 INR 10 EUR 1,001.803245843 INR 25 EUR 2,504.508114606 INR 50 EUR 5,009.016229213 INR 100 EUR 10,018.032458425 INR 500 EUR 50,090.162292126 INR 1,000 EUR 100,180.324584252 INR 5,000 EUR...

Mastercard (MA) is doubling down on stablecoins with a series of partnerships and product expansions aimed at embedding regulated digital dollars into the everyday payments network.The payments giant said on Tuesday it will integrate several stablecoins including PayPal’s PYUSD, the Paxos-led Global Dollar (USDG) and Fiserv’s recently unveiled FIUSD into its global network, which already includes support for Circle’s USDC. It is also introducing stablecoin transactions for cross-border payments through Mastercard Move.The company also said it's also working with financial technology provider Fiserv (FI) to bring FIUSD support to its...

​​​​ST. PETERSBURGThe US dollar’s monopoly will slowly end as Washington is using it for political purposes, Andrey Kostin, CEO of the Russian VTB Bank, said in a recent statement.Kostin told Anadolu at the St. Petersburg International Economic Forum that sanctions imposed on Russia are illegitimate and the country is used to the treatment by the international community.“Sanctions are certainly bad, but we have to work regardless,” he said. Kostin stated that there has been a pause in sanctions on Russia during US President Donald Trump’s second term in office but...

American currency Dollar and Gold ingot combinations. Close up for dollar and gold ingotgetty The U.S. Dollar Index, when measured against a basket of other major currencies, has declined by approximately 10% this year through mid-June and is currently trading at its lowest level in three years. That’s no small dip, and there may be additional downside risk due to concerns over America’s growing deficit and the ongoing fluctuations in tariffs. U.S. dollar's value has sunk approximately 10% so far this yearU.S. Global Investors In a note to clients last...

American currency Dollar and Gold ingot combinations. Close up for dollar and gold ingotgetty The U.S. Dollar Index, when measured against a basket of other major currencies, has declined by approximately 10% this year through mid-June and is currently trading at its lowest level in three years. That’s no small dip, and there may be additional downside risk due to concerns over America’s growing deficit and the ongoing fluctuations in tariffs. U.S. dollar's value has sunk approximately 10% so far this yearU.S. Global Investors In a note to clients last...

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldTop central bankers have delivered a scathing assessment of stablecoins, saying they “perform badly” on key requirements for being widely used as money, disavowing US President Donald Trump’s push to make them a pillar of mainstream finance.The Bank for International Settlements said stablecoins fail the three main tests of any money because they are not backed by central banks, lack sufficient guardrails against illicit usage and do not have the...

With some major economies leaping onto the stablecoin train – or being urged to do so, to further globalise their currencies – others are mulling whether getting on board would be akin to either riding the gravy train or feeling it fail to gather steam.Now, the international financial organisation known as the “bank for central banks” has waded into the stablecoin debate as the buzzword gathers momentum.In a “special chapter” released on Tuesday in advance of Sunday’s release of its Annual Economic Report 2025, the Bank for International Settlements (BIS)...

For over three-quarters of a century, the US dollar (USD) has stood as the world’s principal reserve currency, following the US-led global order after World War II. Its enduring preeminence, demonstrated by a dominant share of about 59 to 60 per cent of global foreign exchange (FX) reserves, has conferred unique advantages on the US – from lower borrowing costs to having a potent instrument of foreign policy through financial sanctions.However, history shows that no currency’s dominance is eternal. Recent geopolitical shifts and evolving national policies now prompt a critical...

Asian currencies advanced on Tuesday after U.S. President Donald Trump announced that Israel and Iran had agreed to a ceasefire, easing geopolitical tensions. However, market sentiment remained cautious as traders awaited formal confirmation from both countries. Just before the ceasefire deadline, Iran launched a missile strike on Israel, raising doubts about the truce’s durability. The improved risk appetite supported regional currencies. The Australian dollar (AUD/USD) rose 0.5%, often seen as a key barometer of Asia-Pacific risk sentiment. The Japanese yen (USD/JPY) gained 0.5%, recovering from prior losses, while the Chinese...