currency
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA International
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA Breaking News
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA International
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA Breaking News
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA
Washington (AFP) - From a trade imbalance to technological competition, a host of economic flashpoints are boosting tensions between Washington and Beijing -- and these are among areas in which both Republicans and Democrats can agree. What's behind these concerns? American debtRepublicans in particular are worried about this issue, concerned that China holds too much American debt. The fear is that Beijing could use this to pressure Washington by threatening to resell its bonds, bringing down the value of holdings. While the American debt exceeds $34 trillion, only around $8 trillion is held ...
AFP
Washington (AFP) - The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve official said Thursday. The dollar continues to be the most widely used currency for international transactions, and is top among the notes held by foreign investors as a store of value, Fed Governor Christopher Waller told a conference in the Bahamas, according to prepared remarks. "By standard measures of an international currency's use, there has not been any notable erosion in the dollar's domina...
AFP
Central banks all over the world, including the Federal Reserve in the United States, have been considering the development and circulation of a central bank digital currency (CBDC). If you’re a cryptocurrency fan, you might be concerned about how this would affect the future of these coins. If you’re a crypto skeptic, you might be concerned that a centralized digital currency would have even more disadvantages than independent cryptocurrencies. And if you’re new to the world of crypto, you might have absolutely no idea what’s going on. Here’s what you need to know. The Premise of a Central Ba...
Due
Mexico City (AFP) - Rosario Crisostomo thought she had been cheated when she counted the money sent by her son from the United States. But there was no scam, only a Mexican currency going from strength to strength. Once a laggard of the international foreign exchange market, the peso is among the world's best performing currencies this year. A combination of high interest rates in Latin America's second-largest economy, financial stability as well as inflows of remittances and foreign investment have seen the Mexican currency post double-digit percentage gains against the dollar in 2023. "I th...
AFP
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