Tag: Currency
Australia’s Regulator Evaluates Risks of Digital Currency
APRA, which regulates Australia’s financial markets, is concerned about the effects of a digital currency to be produced by the central bank on private banks. The Australian Prudential Regulatory Authority…
A Group of Members of Parliament Set up a Crypto Currency Lobby in the UK!
A group of MPs in the UK, known for their skepticism towards cryptoassets, formed a lobby group advocating cryptocurrencies to soften the government’s skepticism. The Crypto and Digital Assets Group,…
Inflation in the euro zone rises to 5.0 percent in December
Euro symbol on the ECB building in Frankfurt The European Central Bank sees an inflation rate of two percent as the ideal mark for the euro area. (Photo: dpa) Frankfurt…
Euro: initially took some getting used to, today there is no alternative
Because what most critics of the euro overlook or ignore is that inflation in Germany has mostly been lower in the past two decades than in the D-Mark era. The…
The central bank makes a profit of CHF 26 billion
Swiss National Bank To stabilize the exchange rate, the SNB holds hundreds of billions in foreign currency. (Photo: Reuters) Zurich According to preliminary figures, the Swiss National Bank (SNB) made…
Turkish lira: Erdogan’s dangerous experiment
Recep Tayyip Erdogan The Turkish president is a declared opponent of higher interest rates. (Photo: imago images / ZUMA Press) Frankfurt, Düsseldorf Turkish President Recep Tayyip Erdogan does not shy…
There is a risk of higher debts in the southern states of the EU
Athens Sometimes a number is worth a thousand words: 13 trillion euros – the national debt in the euro zone has recently risen to this gigantic level, mainly because of…
Currency Protected TL Deposits Announced
Treasury and Finance Minister Nureddin Nebati evaluated the agenda for Anadolu Agency. Nebati, who made some statements about inflation and volatility in the exchange rate, also explained the size of…
Are the prices continuing to rise? What does this mean for investors?
The inflation rate in Germany was 5.2 percent in November 2021, which means it has risen for the sixth time in a row and in November it reached its highest…
Turkish inflation rate jumps to well over 30 percent
Dusseldorf The monetary policy experiment in Turkey threatens to escalate. After President Recep Tayyip Erdogan tried to combat rising consumer prices with falling interest rates, contrary to current economic theories,…
The euro – a story of broken promises
Dusseldorf The euro is alive. This is not something that can be taken for granted. Because from the start, the common currency was a risk that bordered on recklessness. Politically…
VakıfBank Calls Digital Currency Projects to Coding Marathon
VakıfBank will organize the third one between 4-6 February. Hack to the Future It highlights the digital currency theme at its hackathon event. According to the post by VakıfBank shaping…
Joint Statement by Experts Attending Crypto Currency Meeting!
cryptocoin.com As we have previously reported, the leading names of the crypto money market were invited to the parliament by Mustafa Elitaş, one of the AK Party Group Deputy Chairman.…
‘Special Currency’ Will Not Be Announced for Currency Protected TL Accounts
In today’s issue of the Official Gazette, an important decision regarding currency protected TL deposit accounts took place. According to the decision, the Central Bank of the Republic of Turkey…
The ECB policy is pushing the euro
currency The interest rate differential between the US and Europe currency areas is likely to increase in the coming year. (Photo: Reuters) Frankfurt Monetary policy in the USA and Europe…
“There is no alternative to the euro for Germany”
Stefan Kooths “Without stable public finances, monetary policy will always be able to do things that it shouldn’t do with a view to currency stability,” says the IfW researcher. (Photo:…
The euro has withstood a lot of criticism – and is still a debt burden
Brussels, Berlin Skepticism prevailed when the euro was introduced as cash at the turn of the year 2002. Germany struggled with the “Teuro” because the prices were at least felt…
The euro has withstood a lot of criticism – and is still a debt burden
Brussels, Berlin Skepticism prevailed when the euro was introduced as cash at the turn of the year 2002. Germany struggled with the “Teuro” because the prices were at least felt…
Gold Accounts Are Also Currency Protected
The new communiqué of the Central Bank on gold deposit accounts was published in the Official Gazette. According to the information in the communique, citizens will be able to convert…
A New Commitment Regarding Foreign Currency Has Been Brought to Credit Transactions
The Banking Regulation and Supervision Agency has brought a letter of undertaking to be signed by customers who will receive loans. The purpose of this is to save banks from…