Currency market volatility has been a consistent problem in emerging markets. Year after year, currencies are devalued in an attempt to boost economic growth but only serve to worsen external debt problems. Last year was particularly bad as we saw major declines in the Turkish lira, Argentine peso, and theRead More →

A museum set up by the Reserve Bank of India seeks to demystify money matters for the layperson Even at the peak of the demonetisation frenzy in November 2016 — when the whole country was seen waiting in queues outside banks and ATMs — few people understood the impact ofRead More →

NEW DELHI: The Reserve Bank of India (RBI) will soon come out with a mobile app that will read out the denomination of currency notes for the visually-challenged population. The central bank has started the process of scouting for a vendor that can develop the mobile application for aiding the visually impaired inRead More →

David Marcus, the Facebook exec who helped hatch its Libra digital currency project, said a managing director with experience in government and central banking would be a great leader for the independent group that will actually oversee the currency. “We need someone who knows how economies tend to work, who understands howRead More →

Currency.com has announced the public launch of what it calls the world’s first tokenized securities exchange, following a beta test in which more than 150,000 people traded tokenized securities with cryptocurrency. According to a press release, the public launch makes 1,000 tokenized securities available to both private and institutional investors aroundRead More →

Recent news about an increase in Indian corporates and state entities issuing dollar bonds is welcome news, especially since it clearly shows investor appetite for lending to credible Indian business models. However, relatively easy liquidity and high investor appetite for lending in the international markets must be tempered by the fact thatRead More →

Three security personnel were killed in an IED blast at a check post in Pakistan’s restive northwestern tribal region bordering Afghanistan, police said. The explosives, which were planted close to the check post in Sheva tehsil of North Waziristan District, went off when the levies personnel reported for duty, eyeRead More →