According to press reports, China’s yuan hits record lows against the surging U.S. dollar in recent trading. The internationally-traded yuan fell to its lowest level since data first became available in 2011. China’s domestic currency also reached its weakest point since the 2008 global financial crisis. It comes as the dollar continues to rise in value against other major currencies […]
The International Monetary Fund (IMF) has warned that financial sanctions imposed on Russia threaten to dilute the dominance of the U.S. dollar gradually and could result in a more fragmented international monetary system. According to a Financial Times report, the IMF’s First Deputy Managing Director Gita Gopinath said, “The dollar would remain the major global currency even in that landscape […]
KINGSTON, Jamaica — The US dollar on Tuesday, February 22, ended trading at J$156.29 down by 20 cents, according to the Bank of Jamaica’s daily exchange trading summary. Meanwhile, the Canadian dollar ended trading at $122.60 up from $122.53 while the British pound sterling ended trading at $210.81 up from $209.65. Support The Readers Bureau Buy A T-Shirt Today https://www.bonfire.com/one-love-72/?fbclid=IwAR2bod-XSyrCPutOwG_SMnKiInk6Bqe2kCtjBsAFISqHluQcujrF2UUkFew Readers […]
“We cannot, as a nation, afford the cultural perception that our currency is irrelevant,” says a Minister of state in the Jamaican Government. We can deny, because of our cultural perceptions, that our $Ja is irrelevant, but we do not have such luxury to demand or boast that it is not an underling in the marketplace. Indeed, given the choice […]
The Jamaican dollar continues to slide against major currencies, hitting a record low against the U.S. currency. At the end of trading, the U.S. dollar was selling for $150.01 against the local currency. Since the start of July, the dollar has lost seven percent of its value. The Canadian dollar closed at $113.97. The Pound is going for $196.11, while […]
The US dollar on Wednesday, July 17 ended trading at J$137.31 up by 28 cents according to the Bank of Jamaica’s daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended trading at J$103.12 down from J$106.26, while the British pound sterling ended trading at J$167.69 up from J$167.56. Readers Bureau Edited by Jesus Chan Do you want to add […]
The United States act of imposing new tariffs on softwood lumber has sent the Canadian dollar tumbling to a 14-month low. The United States said recently it will impose preliminary anti-subsidy duties averaging 20 per cent on imports of Canadian softwood lumber, escalating a long-running trade dispute between the two countries. While the currency fell, shares in Canadian lumber companies […]
Investment banker and risk manager, James Rickards posits the view on coasttocoast.com radio discussion program recently that the collapse of the dollar and the International Monetary System are not only imminent but also inevitable. He argued that the International Monetary System collapsed three times in the last century – 1914, 1939, and 1971 when former President Richard Nixon took the […]
