Euro

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: 

Category: 

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: 

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: 

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: 

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: