currency
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA International
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA Breaking News
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA International
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA Breaking News
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA
The Bank of England is displaying the new banknotes bearing the image of King Charles III that will enter circulation in the UK this summer. The £5, £10, £20 and £50 notes retain the same design as their predecessors, with the only change being the portraits on the front. The first coins embossed with Charles' image have been in circulation for several months. However, the banknotes have taken much longer to prepare for technical reasons, including making them readable to bank machines and automatic tills. According to a statement released by the Bank of England, banknotes that feature Queen E...
Euronews (English)
Washington (AFP) - From a trade imbalance to technological competition, a host of economic flashpoints are boosting tensions between Washington and Beijing -- and these are among areas in which both Republicans and Democrats can agree. What's behind these concerns? American debtRepublicans in particular are worried about this issue, concerned that China holds too much American debt. The fear is that Beijing could use this to pressure Washington by threatening to resell its bonds, bringing down the value of holdings. While the American debt exceeds $34 trillion, only around $8 trillion is held ...
AFP
The first sterling banknotes featuring Britain's King Charles III will go into circulation in June, the Bank of England has announced. "The portrait of the King will appear on existing designs of all four banknotes (£5, £10, £20 and £50), with no other changes to the existing designs," the bank has said in a statement. The only difference in the design will be the King's image replacing that of his mother Queen Elizabeth II. The initial batches will be sold at auction to raise money for charity. "Members of the public will also be able to exchange a limited value of current or old series notes...
Euronews (English)
Washington (AFP) - The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve official said Thursday. The dollar continues to be the most widely used currency for international transactions, and is top among the notes held by foreign investors as a store of value, Fed Governor Christopher Waller told a conference in the Bahamas, according to prepared remarks. "By standard measures of an international currency's use, there has not been any notable erosion in the dollar's domina...
AFP
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