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Tag: currency
Central Bank Digital Currency: The birth of a fintech arms race?
2020-10-13 02:00:00| Total Telecom industry news
We have heard it time and time again during the pandemic: digitalisation is accelerating. But while this change has been dramatic in a whole variety of industry sectors, in the financial sector the change could in fact be as profound as changing the form of currency itself: so-called Central Bank Digital Currency (CBDC). CBDC is a digital, electronic form of central bank money; effectively, a digital form of cash. There are maybe two starting points for this transformation. The first is the emergence of cryptocurrency. We have all heard of Bitcoin,perhaps the most well-known digital currency, but there are rafts of alternative cryptocurrencies available online…read more on TotalTele.com »
Tags: digital
central
bank
race
Haiti currency appreciation "intolerable" for sourcing
2020-10-07 17:20:00| Daily apparel & textile news and comment - from just-style.com
A "severe and sudden" appreciation of the Haitian currency is causing concern for US apparel brands, retailers and importers, who say the resulting uncertainty makes Haiti uncompetitive and undermines its business and investment environment.
Tags: currency
haiti
appreciation
sourcing
Currency Trends in Emerging Countries: September 2020 (Monthly Report)
2020-10-05 13:08:56| EmergingTextiles.com
The US dollar has stayed relatively weak against most emerging currencies in September, with the euro and the Sterling falling in the meantime, however. The remnmibi has climbed further, reflecting the continued weakness of the US currency this year, whereas both India and Pak. rupees fell significantly in the first three quarters. Our monthly statistical report covers the past two years and displays a comprehensive view of currency values against the US dollar but also compared with the euro, the British pound, the Indian rupee, the Pak. Rupee, and the Chinese renminbi over the last three years.
Tags: report
september
monthly
countries
Currency Trends in Emerging Countries: September 2020 (Monthly Report)
2020-10-01 20:07:16| EmergingTextiles.com
The US dollar has stayed relatively weak against most emerging currencies in September, with the euro and the Sterling falling in the meantime, however. The remnmibi has climbed further, reflecting the continued weakness of the US currency this year, whereas both India and Pak. rupees fell significantly in the first three quarters. Our monthly statistical report covers the past two years and displays a comprehensive view of currency values against the US dollar but also compared with the euro, the British pound, the Indian rupee, the Pak. Rupee, and the Chinese renminbi over the last three years.
Tags: report
september
monthly
countries
'One day everyone will use China's digital currency'
2020-09-25 01:16:08| BBC News | Business | UK Edition
China plans a digital version of its currency, which some say could become a big global payment system.
Tags: day
digital
currency
chinas
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