Currencies

A small country on the Mediterranean has the weakest currency in the world, with £1 equivalent to 120,900 in their currency. One Lebanese pound buys £0.0000083. This means that £1 is worth 120,900.70 Lebanese pounds.The country has a service-based economy, with the major sectors being metal products, banking, agriculture, chemicals, and transport equipment. The main growth sectors include banking and tourism. Lebanon also exports precious stones, metals, chemical products and food and drinks. The Lebanese pound (or lira) was formerly divided into 100 piastres, but because of high inflation during...

As the global cryptoverse undergoes a tectonic shift, countries like the US, UAE, and Singapore are racing ahead with clear regulations and innovation-friendly ecosystems. In contrast, India remains in wait-and-watch mode, even as crypto prices soar to new highs. The lack of urgency from policymakers has industry leaders worried that India could miss out on the Web3 and crypto revolution, despite having the world's second-largest blockchain developer base. In an interview with Fortune India's Manoj Sharma, CoinDCX CEO Sumit Gupta argues that without swift regulatory and tax clarity, the country risks losing talent,...

Thousands Bulgarians took on the streets of the capital, Sofia, and other major cities on Saturday to protest government plans to adopt the euro and to demand a referendum on the issue (Image credit: AP) Thousands gathered in Bulgaria's capital Sofia and other major cities on Saturday to reject the country's plans to adopt the euro, the latest move by the eastern European country to strengthen its status in the European Union. Critics of the move are demanding that the government hold a referendum over whether the country should abandon...

What Is a Conservatorship? What Does Cash-on-Cash Return Mean? What Is a Correlation Coefficient? What Is a Confidence Interval? What Is a Chief Technology Officer (CTO)? What Is Cost Per Thousand (CPM)? What Is a Chartered Financial Analyst (CFA)? What Is the CBOE Volatility Index (VIX)? What Is a Chief Operating Officer (COO)? What Is a Cup and Handle Pattern? What Are Consumer-Packaged Goods (CPGs)? What Is a Consumer Price Index (CPI)? What Is the Cost of Debt? What Is a Custodial Account? What Does Classification Mean in Machine Learning?...

What Is a Conservatorship? What Does Cash-on-Cash Return Mean? What Is a Correlation Coefficient? What Is a Confidence Interval? What Is a Chief Technology Officer (CTO)? What Is Cost Per Thousand (CPM)? What Is a Chartered Financial Analyst (CFA)? What Is the CBOE Volatility Index (VIX)? What Is a Chief Operating Officer (COO)? What Is a Cup and Handle Pattern? What Are Consumer-Packaged Goods (CPGs)? What Is a Consumer Price Index (CPI)? What Is the Cost of Debt? What Is a Custodial Account? What Does Classification Mean in Machine Learning?...

Bulgarian nationalists protest government plans to adopt the euro currency (Photo: AP) Thousands of flag-waving Bulgarians took to the streets of the capital, Sofia, and other major cities on Saturday to protest government plans to adopt the euro and to demand a referendum on the new currency. The protesters, led by civic groups and nationalist parties, sang patriotic songs and shouted slogans like "Freedom for the Bulgarian lev" and "The future belongs to sovereign states." The anti-euro rally came four days before the Balkan country is expected to receive green...

Union Finance Minister Nirmala Sitharaman announced on Saturday that the government's priority is to ensure currency circulation favors lower denominations while enhancing public awareness about digital transactions. Addressing concerns about the Rs 500 note, she reassured that efforts are underway to prioritize lower denominations as the Rs 2000 note is mostly withdrawn from circulation.Speaking at the 'National Commemorative Seminar on 60 Years of Pt Deendayal Upadhyaya Integral Humanism Lectures' in the capital, Sitharaman stressed the need for greater digital literacy to underscore the benefits of cashless transactions. In recent...

Union Finance Minister Nirmala Sitharaman announced on Saturday that the government's priority is to ensure currency circulation favors lower denominations while enhancing public awareness about digital transactions. Addressing concerns about the Rs 500 note, she reassured that efforts are underway to prioritize lower denominations as the Rs 2000 note is mostly withdrawn from circulation.Speaking at the 'National Commemorative Seminar on 60 Years of Pt Deendayal Upadhyaya Integral Humanism Lectures' in the capital, Sitharaman stressed the need for greater digital literacy to underscore the benefits of cashless transactions. In recent...

New Delhi , : The Indian bond market is showing signs of strength, driven by easing inflation and expectations of more interest rate cuts from the Reserve Bank of India , says a report by Jefferies. The report highlighted that this environment is creating an attractive setup for domestic bonds, particularly for long-term investors in a shifting global landscape. Consumer price inflation in India has been declining steadily. Over the last fiscal year, it averaged 4.6 per cent, and in April 2025, it fell to just 3.2 per cent, the...

After appreciating towards 83.94/$1 levels in April, the combined impact of tariff uncertainties, border tensions and expectations of further monetary easing by the central bank made the rupee the worst performing currency in Asia in May. The rupee weakened 1.27% in May, from 84.48/$1 at the beginning of the month to 85.57/$1 as of May 30, and retreated the most in Asia. Agencies“There have been unwinding of long rupee positions amid tariff uncertainties while importers are taking advantage of lower forward premiums,” said Kunal Sodhani, head of treasury at Shinhan...