Posts filed under “Currency”
Hong Kong – The Peg is Not Likely to be Changed By Peter T. Treadway July 15, 2014 In my opinion, the Hong Kong dollar peg, which has been set since 1983 to the US dollar at 7.80:1.00, should and will remain unchanged. There are sound economic reasons for this but…Read More
The authorities are suggesting that a group of London traders, known as the “cartel” and the “mafia,” may have been illegally dipping into the $5.3-trillion-a-day currency trade.
Click here for video.
Source: NY Times
By Channon Hodge, Aaron Byrd and David Gillen March 11th, 2014
When I first stated traveling for work, I was surprised and amused by the various currencies I saw. Pre-euro, one would encounter a multitude of paper bills of different sizes and colors, each imprinted with a famous man or woman I probably hadn’t heard of. Imagine that: The locals actually believed these silly pieces of…Read More