Particularly young sports fans are digitally oriented, and tend to be more “crypto-native”, which makes them a natural target for the industry.
Tag: currency
Poland is the EU country that is most afraid of adopting the euro. But why are Poles so afraid, and what economic prospects could help them change their mind?
Sure, financial instability in the U.S. and the weaponization of the dollar have raised crucial questions about how long the dollar can remain the world’s de-facto currency. But France’s leading business daily says don’t expect major changes any time soon.
Brazil and Argentina have raised the idea of a shared currency for the South American trading zone. But few believe this is possible without more economic harmonization in the region.
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Bygone Tips: My Not So Great Depression
“Dottoré, the reason why I am depressed is simple. But to explain it, I need an answer first. How much did you use to pay for a coffee?” “Over the last few years, it was 80 cents, then 90 cents, and now one euro.” “And what did you use to do with the 10 or […]
In an attempt to shore up its failing economy, Russia is trying to blackmail the West and asking to be paid in rubles for its natural gas. However, such a move is unlikely to help Moscow in the long-term. And the important question still remains of how the EU will manage without Russian gas.
With traders spooked, physical gold that you can hold in your hands is being traded for a high mark-up compared to the market price for gold.
The European single currency is emerging as the new global provider of liquidity to the international financial system.
The U.S./China trade war is also sparking a currency conflict, one that brings to mind the international climate in the early years of the the Great Depression.
As U.S. hegemony fades, the dollar has become the worst currency in the world — expect, of course, for all the others.
Egypt’s Finance Minister says the country is actually benefiting from the Turkish crisis, but so-called ‘hot money’ can burn long-term prospects.
Donald Trump’s all-out trade war has a singular source of ammunition, even as China is pushing to make the RMB a global currency on par.
Prospects of a rising dollar in 2018 could push developing countries like Argentina to take conservative measures like raising interest rates and curbing deficits.
-Analysis- PARIS — Michiel Van Aarnhem is a young and elegant advisor to the Dutch finance minister. He’s also an award-winning video producer. The educational video Bitcoin, Money of the Future?, which he made with his friend Jason Halbgewachs, a Justice Ministry official, took first prize in the European Central Bank (ECB)-sponsored Euro Video Challenge […]
-Analysis- After running into some trouble at the end of last week, the virtual currency bitcoin has hit a new high and is now approaching the $12,000-mark, just days after passing $10,000 for the first time. Countless experts are warning that this bubble, like the dotcom bubble before it, will inevitably burst. But until it […]
-Analysis- Bitcoin’s blistering price rise has broken a new milestone, passing the $10,000 threshold for the first time. It’s a considerable achievement given that the most famous of cryptocurrencies was worth under $1,000 at the beginning of this year, and first reached $2,000 just a few months ago. But it’s also a frightening feat. The […]
-Analysis- BENGALURU — The patient was the Indian economy. Among the 176 countries that have been ranked by Transparency International on a scale from 100 (very clean) to zero (highly corrupt), India ranks in the second half of the list at 79, with illegal money of sizeable proportions. The central government, which was elected on the promise of a cleaner government, is worried about coming to power again. With the impending election two years away, it had to do something drastic: a much-dreaded surgery with uncertain consequences. That was the November 2016 decision of removing Rs 500 and Rs 1000 […]
Venezuela is not running out of banknotes due to criminal or speculative hoarding.
India’s startling announcement last month to swap out most banknotes in circulation — possibly the biggest currency change in decades anywhere in the world — went largely unnoticed outside the country. It was Nov. 8 and most people were captivated by a little election taking place on the other side of the planet. But the […]
NEW DELHI — I am outside the Reserve Bank of India building in New Delhi. It’s 8 a.m. The bank opens at 9 a.m. but more than 300 people have already queued up here. Among them is 60-year-old Mohammad Mustaqeem. He runs a garment shop but hasn’t been able to open it for the last three days. “There’s no business in the market. The only thing for us to do now is to stand in these queues for money because without it we can’t even get food.” “The grocer is now refusing credit so we can’t get milk, we can’t […]
Swiss developers turn the business model of online gaming on its head.
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Caudillo Currency
We drove to Spain several times in the 1960s, back when General Francisco Franco was still leading the country. This is a Spanish peseta coin representing El Caudillo (“the Chief”) that I kept from our trip all the way down to Santiago de Compostela.
Japan’s Nomura company thinks technology prices tell us more about currency comparisons than fast food.
ISIS has banned the use of newly pressed 500 and 1,000 Syrian pound notes. Some fear its the start of a currency switch, though others say it’s a way for some to profit on money exchanges.
The extreme economic condition that is now practically extinct across the globe could return in Venezuela if a range of corrective measures that are anathema to the socialist government aren’t swiftly instituted.
-Analysis- BUENOS AIRES — We’re now very much in the “hangover” stage, the proverbial “morning after,” as countries all over the world face painful adjustments now that the party years — when China’s booming economy fed a seemingly insatiable appetite for outside products — are finally over. While the pain may not be as intense […]
Brazilian governments again are guilty of spending too much when exports and revenues were booming. A view from neighboring Argentina, where bad economics is endemic.
STUTTGART — Experts are hailing it as a global novelty, and inventors are celebrating it as the “innovation of an era.” The new euro coins that will be released in spring 2016 have a ring of blue plastic minted into them, and the oddity is expected to make them a desirable export. Coins are typically […]
More and more countries are limiting cash transactions and the amount people can carry. Beyond the economic rationale, what are the moral implications?
Bitcoin has had its ups and downs, in both value and public trust. But some recent deals in Latin America offer signs that the online currency may be here to stay.
Yes, an open mind in Europe is necessary, but debt reduction isn’t even in the Greeks’ own interest. It’s time to change the way Greece works.
The U.S. currency is stronger on world markets than it’s been in years, which could fundamentally undermine emerging economies that have borrowed trillions in dollars.
Many countries agree that the U.S. politicizes the dollar by punishing nations who don’t abide by U.S. sanctions. With this American approach comes isolation, and the risk of the dollar being replaced as global currency.
-OpEd- PARIS — Here we are amid a global rise in military conflicts and political tensions — wars in the Middle East, Ukraine, the exclusion of Russia from the G8, conflicts in the South China Sea, Argentina’s debt default, among others. A century after the start of World War I, the planet seems to have […]
In Switzerland, famous and infamous for its secretive banks, the digital currency Bitcoin is already arriving in the real economy.
Argentina and Venezuela are again trying to wiggle their way out of spending deficits by devaluating their currencies. It’s a short-term fix with long-term consequences.
How did the Argentine economy arrive at a point of complete exhaustion, asks Brazil’s leading daily. Here’s a checklist of the errors made over the past decade.
PARIS — Will the yuan dethrone the dollar one day? The Chinese currency may have just moved a step further in that direction with the October 10 signature between the European Central Bank and the People’s Bank of China (the country’s central bank) for the establishment of a “currency swap” mechanism. The terms of the […]
BERLIN – With all its other problems, the euro is also getting unexpected — and “underground” — competition from a new virtual currency. It’s called the bitcoin, and in case you haven’t heard, it is the most ambitious (and to-date, successful) attempt to create a new online currency, generated by the calculations of thousands of […]
Top Congolese leaders say it’s time the DRC got off the US currency and returned to the local franc. But ending “dollarization” comes with risks if not done properly.