Tag "Currency"
Rumours of reform: the likelihood and consequences of currency reform in Cuba
Indications have been growing that the Cuban government intends to move forward with sweeping reforms to the country’s currency and exchange rate systems. These reforms will certainly involve the unification of the country’s current dual currency system. Nevertheless, such a change is easier said than done and will almost certainly be painful in the short term.
2017 Preview: The lira and Turkey’s risky debt
The economic and political problems that Turkey faced over the past year are unlikely to disappear, and may become more acute.
Cuba – A blast from the past for tourists
Walking around Cuban cities gives a sense what street scenes from the 1950’s may have been like with ubiquitous vintage cars, a generally low level of motorization, few neon signs
Zimbabwe adopts yuan as legal tender
Zimbabwe’s adoption of the yuan as legal tender demonstrates its close ties with China, and Beijing’s efforts to globalize its currency. Long a pariah state under the rule of aging
Turkish lira or Syrian pound? Currency debate sparks divide in Northern Syria
Opposition groups in Syria’s North are opting to use the Turkish lira over the Syrian pound to take advantage of a more stable currency, while also deliberately seeking to devalue
Where does bitcoin fit in the currency crisis?
At every turn, Bitcoin supporters say their anonymous cryptocurrency is the solution for countries in currency crisis. Despite its other shortcomings, bitcoin has a use in places like Argentina, but
A Franc Discussion: Switzerland’s currency troubles
The Swiss National Bank is faced with an overheating currency and slumping economy following the decision to abandon the currency exchange rate cap on the Euro. Uncertainty in the EU
Argentina’s choice in October elections will determine investor behavior
Taking into consideration the upcoming presidential election in Argentina, most investors are reluctant to increase their portfolio allocations in the South American country. Opportunities are lining up, though, and investors
Has Asia entered into a currency war?
With interest rates being cut by Central Banks all across Asia, many have predicted a looming currency war in the region. Has Asia already entered a currency war? And if
What can be done to stop the depletion of the world’s natural resources?
The depletion of most of the world’s most pivotal natural resources looms on the horizon, but state and private companies engaged in extracting, cultivating, and trading raw materials have proven