A press preview held for the ‘The Future of Money’ exhibition at the Bank of England Museum in London, United Kingdom on February 27, 2024. Rasid Necati Aslim | Anadolu | Getty Images LONOND — Banknotes featuring a portrait of King Charles III entered circulation on Wednesday for the first time, the Bank of England … Read more
City scene Yeni Camii great mosque by Golden Horn of Bosphorus River, Topkapi Palace, Hagia Sophia Istanbul, Republic of Turkey Tim Graham | Getty Images Inflation in Turkey topped 75% in May in what economists expect to be the peak before prices start to ease. Consumer prices rose 75.45% in May on an annual basis … Read more
New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan’s Institute for Monetary and Economic Studies. The new banknotes will start circulate from July 3, 2024. Sopa Images | Lightrocket | Getty Images Data from Japan’s Ministry of Finance Friday confirmed the country’s first currency intervention since 2022, after … Read more
Golden Horn and Bosphorus at sunset, Istanbul, Turkey Matteo Colombo | Digitalvision | Getty Images Investors who ran from Turkey in droves over the last several years may want to start heading back, the latest report from Citi on the country’s nascent signals. After more than half a decade of dramatically depreciating currency, burning through … Read more
A shopper selects fresh produce from a market stall in the Kingston district of London, UK, on Monday, May 20, 2024. Bloomberg | Bloomberg | Getty Images LONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate … Read more
Malaysia will not use monetary policy as a tool to shore up its currency, according to the central bank’s deputy governor. Bank Negara’s Adnan Zaylani Mohamad Zahid said the country’s monetary policy decisions will be determined by economic growth and the inflation outlook. “We won’t use interest rates as a tool to somewhat defend the … Read more
Courtneyk | E+ | Getty Images Mortgages, currency exchange complicates a purchase While there may be similarities to the U.S. market when buying a home overseas, there are also unique challenges on the financial side of the purchase. Oftentimes, Americans buying properties abroad end up financing the transaction with cash outright, experts say. If you … Read more
Japan is not seeking a strong yen but rather aiming for a relatively stable currency, according to veteran investor David Roche. The Japanese yen has been on a roller coaster ride, with the currency breaking past 160 against the greenback last week — steepest decline in more than three decades. It has since strengthened amid … Read more
Japanese Finance Minister Shunichi Suzuki speaks during the presidency press conference at the G7 meeting of finance ministers and central bank governors, at Toki Messe in Niigata, Japan, on May 13, 2023. Pool | Via Reuters Japanese Finance Minister Shunichi Suzuki on Friday backed currency interventions by his country’s policymakers if the yen moved in … Read more
An undated photographic illustration of Japanese yen and the U.S. dollar bank notes. Glowimages | Glowimages | Getty Images The Japanese yen weakened to levels not seen in 34 years against the U.S. dollar on Monday, only to rebound and likely clock its best week in more than a year. Here is what happened. The … Read more
