The Indian rupee on Friday soared to its highest level against the dollar in almost six months after the embattled government pushed ahead with more measures to attract foreign investment.
Scuffles broke out in central Tehran in the first sign of unrest over Iran's plunging currency, which has lost more than half its value since last week in a crisis Washington said is of its own making.
When the history books come to be written about the euro, September 12, 2012 could well prove one of the most significant dates in the life of the embattled single currency.
Argentina has imposed another restriction on the sale of US dollars, barring travelers from purchasing them unless the dollar is the currency of their destination.
The euro stayed bearish against other currencies in Asia trade Friday after taking a hit from the European Central Bank's announcement of no immediate measures to fight the debt crisis.
Indonesia's weakening rupiah and widening current account deficit are raising concerns about Southeast Asia's largest economy, which is struggling against contagion from the global crisis.
An expert of Kazakhstan Ministry of Economic Development Madiyar Kenzhebulat said that 166 tenge per 1 dollar would be “the worst scenario” for Kazakhstan currency.
Besides, Kazakhstan may do pretty well with the oil prices standing in the range of $95-100 per barrel: Central Bank Governor.
We will need a common currency in the course of development of our relations, but this has to be natural: expert.
According to him, it will take time for the Customs Union member states to work out common rules of the game.
The world is under a threat of currency wars: Nazarbayev.
First of all, the member states would have to concert major macroeconomic parameters just like European nations did when formulating Maastricht criteria.
Assets of the current 38 second-tier Kazakhstan’s banks as of January 1, 2012 made up $86.5 billion, growing by 6.5% throughout 2011.
Assets of the National Oil Fund as of the end of December totaled $43.693 billion, 41.04% up against the end of 2010.
Kazakhstan President thinks that the Eurasian Economic Union will need a completely new single currency, different from the Rusian Ruble.
When speaking of the importance of a single policy, Mr. Marchenko pointed to the substantial difference in volatilities of national currencies of the Customs Union member states against the US Dollar.
The figure made up $32.065 billion.
When it comes to domestic demand, the Kazakhs have been more interested in silver, according to Mr. Marchenko.
According to him, with the current prices for commodities the tenge is posed to strengthen.
Assets of the National Oil Fund as of the end of September stood at $40.018 billion.
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