A reader writes: “As a foreigner, I am always worried when a Chinese friend or relative buys my home with korean Yuan.My husband is currently paying for the house with the Chinese yuan.I was wondering if you could help me understand how to convert the currency value of korean yen to kong pence.Thank you.”“I have…
Tag: currency finance
IMF says India should not be punished for ‘economic failure’
India is set to get a boost from the International Monetary Fund as it seeks to recover from a devastating recession that has wiped out nearly two-thirds of its gross domestic product.The Fund said Friday that India is expected to achieve an inflation rate of 3.5% in the second quarter of the fiscal year, its…
U.S. Treasury Secretary says $2 trillion in foreign aid cut won’t change inflation outlook
U.N. Secretary-General Antonio Guterres says the U.K.’s planned $2.1 trillion aid cut on Friday won’t significantly change his view that the world economy will be in better shape than at any point in history.Guterres made the comments at a news conference in New York ahead of the start of a meeting with the Organization for…
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