Colombia’s national currency is being devalued by more than 20 percent as inflation is climbing and there is a rising risk of political instability, the Central Bank of Colombia (Bolivar) said on Tuesday.The Colombian peso fell 5.8 percent to 6,719.98 pesos, its lowest since October.The rate is at its highest level since October 2015, according…
Tag: pi currency
Lebanon’s currency loses value after OPEC cuts oil prices
LAGOS, Nigeria (Reuters) – Lebanon’s central bank on Wednesday cut the benchmark lira, which is the only legal tender in Lebanon, to 6,000 dinars as the OPEC cartel agreed to freeze output for a second straight month.The move, seen as a significant blow to OPEC’s attempts to revive prices, is likely to prompt a second…
Why South Korea won’t ban bitcoin as it ‘doesn’t fit into the current market’
AUSTRALIA is set to vote in parliament tomorrow on whether to make bitcoin legal, and the government says it will not ban the digital currency as it “doesn’t play into the market”.In an announcement today, Minister for Finance Josh Frydenberg said: “The Government will not be taking any action to restrict access to bitcoin, nor…
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