Euro
Euro Hits One-Year Low Amid Economic Concerns
The euro has recently fallen to its lowest point in a year. This decline raises concerns about its potential to reach parity with the US dollar. Market analysts are closely monitoring the situation. Factors such as Donald Trump’s election victory ..
Month: Current Affairs - November, 2024
Category: Economy & Banking Current Affairs
Croatia’s switch to Euro
Croatia has taken two major steps towards further integration with the European Union (EU) by adopting the euro and joining the Schengen zone. The country officially became the 20th member of the eurozone on January 1st, and the removal of ..
Month: Current Affairs - January, 2023
Category: International / World Current Affairs
Project Libra
Libra is the new cryptocurrency of the social media giant, Facebook. The digital currency Libra will be available to the users of Facebook services like Messenger, WhatsApp, and Instagram. The Libra transactions will be recorded on a blockchain which offers ..
India’s External Debt Eases
India’s external debt has witnessed a decline of 1.6% to US$ 521.2 billion at end-December 2018 over its level at end-March 2018, on account of the decrease in commercial borrowings and trade credit. Further: There had been a valuation gain in external debt ..
Month: Current Affairs - April, 2019
Zuzana Caputova elected first female President of Slovakia
Zuzana Caputova has won Slovakia’s presidential election, making her the country’s first female head of state. Ms Caputova defeated high-profile diplomat Maros Sefcovic, nominated by the governing party. She won 58% of the vote, with Mr Sefcovic trailing on 42%. ..
Month: Current Affairs - April, 2019
Indian Foreign Exchange Reserves
The RBI data shows that Indian Foreign Exchange Reserves have been increased by USD 1.497 billion to reach USD 398.178 billion for the week to January 25. This increase has been attributed to a jump in core currency assets. Why the Foreign Exchange Reserves ..
Month: Current Affairs - February, 2019
Renminbi, Rupee included in ADB’s TFP
Noticing the expanding influence of the economies of China and India among the Asian economies, the Asian Development Bank (ADB) decided to encourage and support deals denominated in their local currencies under its Trade Finance Programme (TFP) as intra-regional trade ..
Month: Current Affairs - July, 2012
EIB skeptical about recovery of Eurozone crisis within two years
The European Investment Bank (EIB) is doubtful about the recovery of Euro zone from its debt crisis within the next two years. As per the Bank the pressure on the European member state to settle the situation will remain for ..
Month: Current Affairs - July, 2012