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IMF Kato: Establishing New International Reserve Currency Takes Time (The Forex Market)
BEIJING -(Dow Jones)- International Monetary Fund Deputy Managing Director Takatoshi Kato said Friday establishing a a new international reserve currency is a long-term process that is market driven.
Read more...Dollar Gains as China Says ‘Not Aware’ of Reserve Currency Talk (Bloomberg)
July 2 (Bloomberg) -- The dollar strengthened after a Chinese Foreign Ministry official said he hoped the greenback would remain stable and was “not aware” of a plan to discuss a new reserve currency at next week’s Group of Eight meeting.
Read more...Chinese Government Limits Virtual Currency Trading (Gamasutra)
China's Ministry of Commerce has extended its governing reach into online realms, limiting in several ways the trade and conversion of virtual currency. According to a press release issued by the ministry, virtual currency may now only be used to purchase virtual goods and services, and may not be used to buy real-world goods. Furthermore, minors are prohibited from buying virtual currency, and ...
Read more...Currency Rates Of Coffee Producing, Consuming Countries (The Forex Market)
LONDON (Dow Jones)--U.S. dollar exchange rates as of 09:45 GMT July 3, compared with 10:36 GMT July 2. Producers: 03/07/09 (02/07/09) Angolan Kwanza AON 74.971 (74.971) Bolivian Boliviano BOB 7.02 (7.02) Brazil Real BRL 1.9519 (1.9327) Burundi Franc BIF 468 (466.15) *CFA Franc XOF 2158.5 (2158.5) Colombian Peso COP 517.935 (517.935) Costa Rican Colon CRC 1 (1) Cuban Peso CUP 36 (36) Dominican ...
Read more...China Has ‘Grand Scheme’ for Yuan’s Role, Prasad Says (Update1) (Bloomberg)
July 3 (Bloomberg) -- China’s call for a new world reserve currency is part of a “grand scheme” to reduce the dollar’s dominance and increase the yuan’s role, said a former senior International Monetary Fund official.
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