It’s not just the U.S. dollar that’s popular with warlords and drug dealers. More than half of all British currency in circulation is located abroad or on the black market, according to the Bank of […]
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Tag: FOREX
Chinese Foreign Currency Reserves Drop To Lowest Point On Record As Economy Weakens
Chinese foreign exchange reserves recorded their biggest fall in August, a reflection of increased intervention by Beijing to stabilize the country’s economy following months of stock market volatility that has led to a rebasing of […]
China Raises Currency War Fears After Another Surprise Yuan Devaluation
In a surprising move, China has again this week moved to devalue its currency, the yuan. First acting on Tuesday in a nearly 2% devaluation, and again Wednesday with a devaluation of 1.6%, the government […]