As Congress hurtles toward a debt limit showdown, ways to work around it are garnering attention.
Category: Currency
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Has Bitcoin Benefited From the Banking Crisis? Not in the Way Its Fans Hoped.
The New York Times – Business:Bitcoin’s price has soared since banks failed this month, but there’s little evidence that the surge is being driven by investors treating the virtual currency as a financial alternative.
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Rules to Curb Illicit Dollar Flows Create Hardships for Iraqis
The New York Times – Business:The regulations were meant to prevent dollar transfers to those targeted by U.S. sanctions on Iran, Syria and Russia. But they have ended up harming ordinary Iraqis who need U.S. currency for business or travel.
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Turkey’s Reeling Economy Is an Added Challenge for Erdogan
The New York Times – Business:The earthquake’s staggering reconstruction bill will join other economic woes as the country’s autocratic leader faces re-election.
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Celia Cruz Will Be First Afro-Latina to Appear on the U.S. Quarter
The New York Times – Business:Ms. Cruz, a Cuban American singer known as the Queen of Salsa, was described by the U.S. Mint as “one of the most popular Latin artists of the 20th century.”
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How Multicurrency Accounts Take the Bite Out of Spending Money Abroad
The New York Times – Travel:Travelers fed up with lousy exchange rates and punitive foreign transaction fees are signing up for apps that let them decide where the buck (or euro or pound) stops.
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Can A Trillion Dollar Coin Resolve the Debt Ceiling Crisis?
The New York Times – Business:The latest standoff over raising the nation’s debt ceiling is giving new life to an old theory about how to avoid a default.
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Why Japan’s Sudden Shift on Bond Purchases Dealt a Global Jolt
The New York Times – Business:The world has relied on ultralow interest rates in Japan. What will happen if they rise?
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Bank of Japan Surprises Markets With Policy Tweak
The New York Times – Business:The central bank widened the yield on 10-year bonds and increased its monthly asset purchases in hopes of reviving a stagnant domestic bond trade.
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King Charles III Is the New Face of U.K. Money
The New York Times – Business:Pound notes with the new sovereign’s image will begin appearing in 2024, though money with his mother’s likeness will still be in circulation.
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Japan’s Economy Shrinks, Weighed Down by a Weak Yen and Rising Inflation
The New York Times – Business:The economy contracted 1.2 percent as consumers and businesses were hit with rising import prices.