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Pan Gongsheng Named Head of Chinese Central Bank
Posted inBanking and Financial Institutions China Currency Foreign Investments Pan Gongsheng People's Bank of China Politics and Government Renminbi (Currency)

Pan Gongsheng Named Head of Chinese Central Bank

Pan Gongsheng, who was named governor of the People’s Bank of China after overseeing $3 trillion in reserves, stopped a currency plunge in 2016.
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Posted by By Keith Bradsher
What Benjamin Franklin Learned While Fighting Counterfeiters
Posted inCounterfeit Money and Financial Instruments Currency Franklin, Benjamin Innovation Printing and Allied Trades Proceedings of the National Academy of Sciences Research

What Benjamin Franklin Learned While Fighting Counterfeiters

Long before there were Benjamins in circulation, the founding father was all about experimenting with printing techniques as he worked on securing colonial printed currency.
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Posted by By Veronique Greenwood
Turkey’s Lira Falls to New Low as a New Economic Policy Forms
Posted inCurrency Economic Conditions and Trends Erdogan, Recep Tayyip Inflation (Economics) Interest Rates Turkey

Turkey’s Lira Falls to New Low as a New Economic Policy Forms

The lira plunged 7 percent against the U.S. dollar, as a newly appointed finance minister promising “rational” economic policy takes charge.
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Posted by By Patricia Cohen
India Will Scrap 2,000 Rupee Notes, Echoing 2016 Demonetization
Posted inBanking and Financial Institutions Bhutan Currency Delhi (India) Economic Conditions and Trends Indian Rupee (Currency) Modi, Narendra Reserve Bank of India Tax Evasion

India Will Scrap 2,000 Rupee Notes, Echoing 2016 Demonetization

The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change.
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Posted by By Sameer Yasir and Mike Ives

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