Currencies

By Eric F. Oteng-Abayie, (Prof) Ghana’s economic landscape in 2025 presents a striking paradox. The cedi has emerged as one of the world’s best-performing currencies, appreciating by approximately 16% against the US dollar and contributing to a decline in inflation to 21.2% by April 2025. This remarkable turnaround follows a turbulent 2024 when the currency depreciated by nearly 24%, fueling economic instability and eroding purchasing power. Yet, despite these positive macroeconomic indicators, ordinary Ghanaians continue to grapple with persistently high prices for goods and services. This phenomenon is not without...

Report on first quarter of 2025 for ROCKWOOL A/SRelease no. 30 - 2025 to Nasdaq Copenhagen19 May 2025 Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy. Revenue developed well with solid profitability in Q1 2025 Highlights Revenue in Q1 2025 reached 959 MEUR, an increase of four percent measured in both local currencies and reported figures compared to last year....

Photo taken on May 19, 2025 shows the venue of the official launch and themed seminar of the book "Chinese Imprints on World Currency" in Beijing. (People's Daily Online/Zhang Kaiwei) On May 19, 2025, the official launch and themed seminar of the book "Chinese Imprints on World Currency" brought together nearly 100 guests including diplomats, scholars and business leaders for a vivid celebration of China's connections with civilizations worldwide in Beijing. This book includes 126 coins and notes from 58 countries, as well as artistic designs featuring significant Chinese elements or...

Asian currencies remained largely flat on Monday, even as the U.S. dollar weakened following a credit rating downgrade by Moody’s. The U.S. Dollar Index dropped 0.3% after the agency cut the government’s credit rating by one notch, citing the nation’s ballooning $36 trillion debt. The Chinese yuan saw little movement, despite upbeat April industrial production data showing stronger-than-expected factory output. However, disappointing retail sales data highlighted weak domestic demand, keeping pressure on the yuan. Offshore USD/CNH and onshore USD/CNY both stayed muted. Analysts from ING noted that U.S. tariffs will...

A key congressional committee, the House panel, approved President Donald Trump’s tax cut bill early Monday, paving the way for possible passage in the House of Representatives later this week."The deliberations continue at this very moment. They will continue on into the week, and I suspect, right up until the time we put this big, beautiful bill before the House," House Budget Chairman Jodey Arrington said.Market reaction The US Dollar was last seen trading 0.30% lower on the day at 100.80. US Dollar PRICE Today The table below shows the percentage...

KUALA LUMPUR, May 19 — The ringgit opened higher today against the US dollar buoyed by Moody’s Ratings recent downgrade of the US credit rating on concerns over rising debt.At 8.03 am, the local note appreciated to 4.2850/3140 versus the greenback from last Friday’s close of 4.2900/2980.Moody’s Ratings has downgraded the US sovereign rating by one notch to Aa1 from AAA last Friday. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the main premise for such a move was the US government debt which would likely...

In this compelling conversation with Tom Bodrovics of Palisades Gold, VON GREYERZ partner, Matthew Piepenburg, bluntly dissects the empirical realities from the main stream fantasies regarding the risk-asset and economic narratives making the current headlines. He touches upon risk asset facts, the deep implications of debt-to-GDP levels globally, the real rather than sensational consequences of ongoing de-dollarization and the now undeniable fact that gold is replacing the UST as a global reserve asset.The conversation opens with a candid assessment of the common denominator (and common sense) reality of unsustainable debt...

Dubai Police have successfully intercepted multiple cases of counterfeit currency circulation, including an operation in which an Asian national was involved as he paid a car seller with counterfeit money, which was later discovered by the seller.In a second case a gang of three suspects was arrested after smuggling counterfeit currency into the country and attempting to exchange it for foreign currencies through exchange companies.In a third case, a 56-year-old Asian visitor was arrested at an airport with counterfeit foreign banknotes worth Dhs185,000.Recently, the Federal Investigation Department at the Ministry...

THE dollar strengthened on Friday (May 16) after the latest round of economic data showed a rebound in import prices while consumer sentiment remained subdued as tariff worries jumped, putting it on pace for a fourth straight weekly advance.The US Labor Department said import prices gained 0.1 per cent last month after dropping 0.4 per cent in March as a jump in the cost of capital goods outweighed cheaper energy prices. Economists polled by Reuters had forecast import prices, which exclude tariffs, would decrease 0.4 per cent.The dollar began to...

New Delhi: An American proposal to tax money sent abroad by non-US citizens is raising concerns in India. If passed, this 5% tax on remittances could significantly impact Indian households and the country’s currency, potentially causing India to lose between $12 billion and $18 billion annually in foreign currency inflows, according to a report released by trade think tank Global Trade Research Initiative (GTRI) on Sunday.The tax is part of a bigger legislation, dubbed “The One Big Beautiful Bill,” introduced in the US House of Representatives on 12 May. It...