Cuba Faces Cash Shortage Amidst Economic Crisis HAVANA (AP) — Alejandro Fonseca, a 23-year-old Cuban, experienced the frustration of countless citizens standing in long queues outside banks in the capital city of Havana, hoping to withdraw Cuban pesos to carry out routine transactions. However, he left the bank empty-handed as the cash ran out, having … Read more
China’s Lunar New Year Holiday Sees Strong Travel Activity and Spending China’s Lunar New Year Holiday Sees Strong Travel Activity and Spending Visitors near Yuyuan Bazaar in Shanghai, China, on Sunday, Feb. 11, 2024. Raul Ariano | Bloomberg | Getty Images Travel Activity Jumps Above Pre-Pandemic Levels China’s travel activity and spending jumped above pre-pandemic … Read more
Will the Chinese Yuan, Indian Rupee, and Korean Won Benefit from Global Monetary Policy Changes? The portrait of Mahatma Gandhi is displayed on Indian rupee banknotes in an arranged photograph in Bangkok, Thailand, on Wednesday, Sept. 12, 2018. Brent Lewin | Bloomberg | Getty Images The Chinese Yuan and Monetary Policy The Chinese yuan has … Read more
China Evergrande Group’s Liquidation Crisis Likely to Be Contained, Say Analysts China Evergrande Group’s Liquidation Crisis Likely to Be Contained, Say Analysts China Evergrande Group’s logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Concerns about China’s Struggling Real Estate Sector A liquidation order issued to property giant … Read more
News from the western money and currency markets indicate that the value of the US dollar exchange rate has declined significantly from its highest level against other major currencies in the recent period. The dollar’s historical declines indicate that such a decline has not occurred in nearly a quarter of a century.Western experts specializing in … Read more