Islamic State of Iraq and the Levant (ISIS) has begun minting its own “Islamic dinar” coins, Syrian activists claimed on Tuesday night.
Pictures posted on social media showed a series of gold sovereigns bearing ISIS inscriptions, and with a reported … Read the rest
China’s yuan has become one of the five most widely used currencies in global payments, an international financial transactions agency announced Wednesday.
The yuan passed the Canadian and Australian dollars in popularity in December, according to the Society for Worldwide … Read the rest
China will started direct trading between the yuan and the euro today as the world’s second-largest economy seeks to spur global use of its currency.
The move will lower transaction costs and so make yuan and euros more attractive to … Read the rest
Uganda’s shilling dropped to the lowest level in nine months after the US government said it was cutting aid to the East African nation.
The US cut aid over a February law that toughened punishment for homosexual acts.
The currency … Read the rest
South Africa’s rand sank this week to within sight of three-year lows against the dollar as a wave of strikes spread beyond the mining sector, threatening the biggest industrial crisis since the end of apartheid.
After two months of violent … Read the rest