Currencies

The issue of gold smuggling has once again come to the forefront with the recent arrest of Kannada actress and daughter of a Karnataka IPS officer, Ranya Rao. Rao was apprehended by the Directorate of Revenue Intelligence (DRI) with 14.8 kg of gold hidden in her body, sparking renewed attention on the ongoing problem of illegal gold smuggling into India. As reports of gold smuggling incidents flood the news, even ordinary international travellers have begun expressing concerns over the legal limits of gold and cash they can carry while travelling...

Home NewsTHIS Prime Minister decided to print Indian currency in foreign country, the decision was taken in…, he was not Rajiv Gandhi, Vajpayee, Manmohan Singh In 1997, the Indian government realized that not only was the country’s population growing, but economic activities were also increasing. New Delhi: It was during the late 1990s when the Indian government, under the then prime minister H.D Deva, decided to print currency notes aboard. The decision was taken in such a discreet manner that the country remained unaware of it for a long time....

The financial services industry is no longer "three to five years" away from digital assets becoming ... mainstream.getty Digital assets, beginning with cryptocurrency and evolving rapidly to include tokenized forms of money and financial instruments, have been with us for well over a decade now. In the beginning they existed on the fringes of established financial systems, but as the world slowly became more accustomed to them, and as they evolved to include central bank digital currencies (CBDCs) and stablecoins, this changed. Stability and utility allowed for a genuine appreciation...

External Affairs Minister S Jaishankar, during his visit to the UK, addressed global economic concerns including the US dollar’s role, BRICS' position on de-dollarisation, and the internationalisation of the Indian rupee. He dismissed speculation that India aims to replace the US dollar, stating the dollar remains essential for global stability. Jaishankar clarified that BRICS lacks a unified stance on de-dollarisation. While rejecting de-dollarisation, he highlighted India's efforts to expand the global use of the rupee, establishing mechanisms with countries facing hard currency shortages. Jaishankar also underlined India's positive relations with...

External Affairs Minister S Jaishankar reaffirmed India’s stance on the US Dollar, stating that the country has no intention of undermining its role in international trade. This comes as discussions intensify within the BRICS bloc, with nations like Russia, China, and Brazil exploring alternatives to reduce reliance on the US Dollar.Speaking at the Chatham House in London on Wednesday, Jaishankar responded to questions about the future of the dollar, saying, “Regarding the role of the dollar, we are realistic. We have no issue with the dollar, and our relations with...

Amid threats from US President Donald Trump, External Affairs Minister S Jaishankar has refused any plan of de-dollarisationread moreAmid threats from US President Donald Trump, External Affairs Minister S Jaishankar has downplayed talks around dedollarisation and has instead backed the internationalisation of the Indian rupee.At a discussion hosted by the think tank Chatham House during his visit to the United Kingdom, Jaishankar said that India does not have any commitment to dedollarisation and there is no unanimous position on the same in Brics.“I don’t think there’s any policy on our...

Aptos (APT) surged over 12% on Wednesday following asset manager Bitwise's filing for an Aptos exchange-traded fund (ETF) with the Securities & Exchange Commission (SEC). Bitwise S-1 filing with the SEC shows that the asset manager seeks to list and trade Aptos on a public stock exchange. This marks the first attempt to launch an APT ETF in the US. Ethereum (ETH) is up on Wednesday after developers fixed issues with the Pectra upgrade's deployment on the Sepolia testnet. The top altcoin aims to hold the $2,200 support level amid negative sentiments from...

External Affairs Minister S Jaishankar spoke at an event hosted by Chatham House in collaboration with the High Commission of India in the UK, where he discussed India’s growing role in global affairs.read moreExternal Affairs Minister S Jaishankar addressed the audience at an event hosted by Chatham House in collaboration with the High Commission of India in the UK and discussing India’s evolving role in global affairs.He participated in an insightful discussion with Bronwen Maddox, Director and Chief Executive of Chatham House. The conversation addressed India’s evolving foreign policy, regional...

05 de março de 2025, 22:21 hCompartilhe no BlueskyCompartilhe no ThreadsApoie o 247Siga-nos no Google News247 - The Brazilian real recorded the best performance among the world's major currencies against the dollar this Wednesday (5), appreciating by 2.72%. This movement reinforces that the supposed "fears" regarding the generation of formal jobs in Brazil in January and the ministerial reform of Lula’s government were, at the very least, exaggerated — and, at most, a strategy of financial terrorism.Moreover, the central government achieved a primary surplus of R$ 84.882 billion in January,...

Is the dollar the right answer for the region?  During his campaign, Argentine President Javier Milei promised to close the country’s central bank and adopt the dollar as the country’s currency. Once elected, he changed his strategy. The natural dollarization approach involves restrictions on the supply of pesos, forcing Argentines to use their dollar reserves to pay for everyday expenses. With the peso stabilized, inflation reached 117% in December 2024, down from 292% from the year’s high in April, and the use of the dollar is expected to increase, including...