Currency – I Have 50 Dollars Thu, 30 Jun 2022 17:52:52 +0000 en-US hourly 1 Currency – I Have 50 Dollars 32 32 Digital ID and KYC infrastructure key to rollout of digital currency, says IMF Thu, 30 Jun 2022 17:52:52 +0000

An international agency is urging central banks to help strengthen national digital ID systems and make it easier to enforce KYC requirements. The International Monetary Fund (IMF) says in one of its latest reports that digital currency rollout is gradually gaining traction in Sub-Saharan Africa, but countries need to build the digital infrastructure and legal framework to facilitate the process. .

Nigeria introduced a digital currency – the e-Naira – in October last year, while the central banks of Ghana and South Africa are conducting pilot projects for a central bank digital currency (CBDC).

The IMF report notes that while there are risks and benefits associated with a digital currency, countries that have deployed it or plan to do so “will need to improve access to digital infrastructure such as a telephone or internet connectivity”.

In the case of Nigeria, which has already deployed digital currency as legal tender, greater adoption of digital ID and improved KYC approval rates have been identified as a way to improve the economy more broadly, such as in a report commissioned by VerifyMe and published earlier this year. The country plans to complete its digital ID registry by 2025.

Meanwhile, the Fund informs that the Central Bank of Nigeria as well as those in other countries that are testing or considering a digital currency will also need to put in place the necessary systems to manage data privacy risks arising from cyber criminal activities.

Although the CBDC may have a negative impact on the ability of banks to lend in countries with unstable financial systems, the IMF also sees likely positive results. “The first is the promotion of financial inclusion. CBDCs could bring financial services to people who did not have bank accounts before, especially if they are designed for offline use. In remote areas without internet access, digital transactions can be done at little or no cost using simple feature phones,” reads part of the report.

According to the report, the CBDC, among other things, is more secure and stable, can be useful for government-to-person social assistance payments, as well as facilitating international money transfers and payments, especially to foreign countries. sub-Saharan Africa which is rated by the IMF. as the most expensive region in the world to receive or send money.

In a similar Business Day article, the Deputy Governor in charge of economic policy at the Central Bank of Nigeria, Kingsley Obiora, underlines the importance of digital identity for the deployment of a digital currency, adding that a A country must also have the appropriate legal framework and must conduct adequate awareness on the importance of a digital currency.

Apart from Ghana and South Africa which are running pilot projects for different models of digital currency, research on its adoption is underway in Uganda, Kenya, Rwanda, Mauritius, Madagascar, Zimbabwe, Eswatini, in Namibia and Zambia.

On e-Naira, a recent Global CBDC Index report by PricewaterhouseCoopers (PwC) and quoted by Business Day mentions that “digital currency is expected to support the country’s goal of increasing the level of financial inclusion from 64% to 95 %. By integrating the E-Naira platform with the financial ecosystem, the CBN hopes to develop new use cases in the private sector to support CBDC adoption.

Article topics

Africa | biometrics | central bank digital currency (CBDC) | cybersecurity | data privacy | digital identification | financial services | IMF | KYC | payments | social Security

Design of banknotes and printing of currencies: the 2022 market is booming in the world Tue, 28 Jun 2022 17:35:35 +0000

Banknote Design and Money Printing Market 2022 this report is included with the Impact of latest market disruptions such as Russian-Ukrainian war and COVID19 outbreak impact analysis key points influencing market growth. In addition, the market for banknote design and currency printing (By Major Key Players, By Types, By Applications and Major Regions) Segments Outlook, Business Assessment, Competition Scenario, Trends and Forecast through the coming year. The study of Currency Design and Printing report is carried out on the basis of the important research methodology which provides an analytical inspection of the global market based on various segments in which the industry is also alienated in the summary and advanced size of the market owing to the various outlook possibilities. The report also gives 360 degree overview of the competitive landscape of industries. SWOT analysis was used to understand the strengths, weaknesses, opportunities and threats in front of the shops. Thus, helping businesses understand the threats and challenges facing businesses. The market for banknote design and money printing is showing steady growth and CAGR is expected to improve over the forecast period.

This free sample report includes:
  1. A Brief Introduction to Banknote Design and Currency Printing Market Research Report.
  2. Graphical introduction of the regional analysis.
  3. Key players in the Banknote Design and Currency Printing market with their revenue analysis.
  4. Selected illustrations of banknote design and currency printing market insights and trends.
  5. Sample pages of Currency Design and Printing Market Report.

The major players in the banknote design and currency printing market.

European Central Bank
Bank of Japan
Central Bank of Russia
Reserve Bank of India
Reserve Bank of Australia
Bank of Mexico
Federal Reserve
Central Bank of Brazil
People’s Bank of China
Bank of Canada

Key Business Segmentation of Banknote Design and Currency Printing Market

On the basis of types, the banknote design and money printing market from 2015 to 2025 is majorly split into:
banknote design
Currency printing

on the basis of applications, the Banknote Design and Money Printing market from 2015 to 2025 covers:
Offset lithography

Some of the key factors contributing to the growth of the Currency Designing and Printing Market include:

  • Increase in per capita disposable income
  • Youth friendly Demographics
  • Technological advancement

In terms of the impact of COVID 19, the Banknote Design and Money Printing Market report also includes the following data points:

  • Impact on banknote design and currency printing market size
  • End-User Trend, Preferences, and Budget Impact of the Banknote Design and Currency Printing Market
  • Regulatory Framework/Government Policies
  • Key Players Strategy to Combat the Negative Impact of Banknote Design and Currency Printing Market
  • New Banknote Design and Currency Printing Market Opportunity Window

Regional Currency Design and Printing Market Analysis:

It could be divided into two different sections: one for regional production analysis and the other for regional consumption analysis. Here, analysts share gross margin, price, revenue, production, CAGR, and other factors that indicate growth for all regional markets studied in the report. covering North America, Europe, Asia-Pacific, South America, Middle East and Africa.

Key Question Answered in Currency Design and Printing Market Report.

  • What are the strengths and weaknesses of the Currency Design and Printing market?
  • What are the different marketing and distribution channels?
  • What is the current CAGR of the Currency Design and Printing Market?
  • What are the opportunities of the Banknote Design and Money Printing market ahead of the market?
  • Who are the leading competitors in the Banknote Design and Currency Printing Market?
  • What are the main results of SWOT and Porter’s Five Techniques?
  • What is the size and growth rate of the Currency Designing and Printing market during the forecast period?

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A free data report (in the form of an Excel data sheet) will also be provided upon request with a new purchase.

Main points of the table of contents:

There are 13 Chapters to display the Currency Designing and Printing market in detail. This report included the analysis of market overview, market characteristics, industry chain, competition landscape, historical and future data by types, applications and regions.

  • Chapter 1: Currency Design and Printing Market overview, product overview, market segmentation, regions market overview, market dynamics, limitations, opportunities, and industry news and policies.
  • Chapter 2: Banknote Design and Printing industry chain analysis, upstream raw material suppliers, major players, production process analysis, cost analysis, market channels and major downstream buyers.
  • Chapter 3: Analysis of value, production, growth rate and price analysis by type of banknote design and currency printing.
  • Chapter 4: Downstream characteristics, consumption and market share by application of banknote design and currency printing.
  • Chapter 5: Production volume, price, gross margin and revenue ($) of banknote design and currency printing by region.
  • Chapter 6: Banknote design and currency printing production, consumption, export and import by regions.
  • Chapter 7: Currency Design and Printing Market Status and SWOT Analysis by Regions.
  • Chapter 8: Competitive Landscape, Product Overview, Company Profiles, Banknote Designing and Currency Printing Players Market Distribution Status.
  • Chapter 9: Banknote Design and Money Printing Market Analysis and Forecast by Type and Application.
  • Chapter 10: Banknote Design and Money Printing Market Analysis and Forecast by Regions.
  • Chapter 11: Banknote design and money printing industry characteristics, key factors, new entrants SWOT analysis, investment feasibility analysis.
  • Chapter 12: Design of banknotes and money printing market Conclusion of the whole report.
  • Chapter 13: Appendix such as Banknote Design and Currency Printing Market Research Data Resources and Methodology.

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The latest currency war may just be a skirmish Sun, 26 Jun 2022 23:07:35 +0000
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There is a lot of turmoil in the forex market about a new “currency war” breaking out, with countries and central banks taking steps to prop up their weakened currencies to offset the strengthening US dollar. The last currency war was a decade ago, but this one was pretty much the opposite: finding ways to reverse the massive appreciation of local currencies due to the rapidly depreciating dollar. Either way, the last battle may end before it really begins.

To understand why, we have to go back even further – before the global pandemic, before the European debt crisis, before the global financial crisis – to the early 2000s, when global monetary policies were calibrated on real economic fundamentals rather than prevent economies from collapsing. At the time, one of the main drivers of exchange rates was the US current account deficit, and the dollar rose and fell steadily depending on whether the deficit contracted or expanded. Admittedly, this measure is not on par with unemployment or inflation. when it comes to economic importance, but it is essential for the foreign exchange market because by including investment flows in addition to exports and imports, it is the broadest measure of trade. And 20 years ago, the deficit was growing rapidly, from around $50 billion near the end of the last century to more than $200 billion in 2005. As a result, the United States needed to attract billions of dollars per day to fund the deficit. Naturally, this had a negative effect on the greenback, with the US dollar index plunging around 33% between July 2001 and the end of 2004.

The current account deficit improved steadily from then on, but the pandemic hit and global trade was disrupted. The shortfall rose from about $100 billion at the end of 2019 to $291.4 billion at the end of the first quarter, the U.S. Commerce Department said Thursday. At 4.8% of gross domestic product in current dollars, the deficit has returned to the level of the period when the dollar was depreciating rapidly.

All of this wouldn’t matter much if the United States were attracting more and more foreign investment to finance the deficit, but that may not be the case anymore. The Treasury Department said last week that foreign holdings of US Treasuries fell nearly $300 billion in the first four months of the year. Although the amount is only a small fraction of the $23.3 trillion in marketable US public debt, and foreigners still hold some $7.4 trillion of it, it is the direction that matters. Then there are the Federal Reserve’s holdings of treasury bills on behalf of foreign central banks and sovereign wealth funds. This account has grown from $3.13 trillion at the start of 2021 to $2.99 ​​trillion recently. Again, not a huge amount, but the steering is concerning. Perhaps most worrying of all, however, is the erosion of the dollar’s status as the world’s premier reserve currency. Although the International Monetary Fund estimates that the greenback represents 58.8% of global foreign exchange reserves, this is down from a peak of 72.7% in 2001 and the lowest percentage since 1996.

Demand for safe-haven assets amid the pandemic and rising relative interest rates have certainly supported the US currency, with the dollar index up around 17% since the start of 2021. This has exerted enormous pressure on other currencies. For example, the Bloomberg Euro Index fell 10%; the Bloomberg British Pound Index is down more than 7% since May 2021; The Japanese yen plunged 20%; the MSCI EM Currency Index is down 4.61% since the end of February alone.

Certainly, a weaker currency brings certain advantages. On the one hand, it makes a country’s exports more affordable. But that hardly matters when global trade volumes are still incredibly depressed due to supply chain disruptions. Additionally, officials are generally more concerned with the speed of currency movements, which can disrupt an economy as businesses have little time to adjust. As noted by my Bloomberg News colleagues Amelia Pollard and Saleha Mohsin, Isabel Schnabel of the European Central Bank highlighted a chart in February showing how much the euro had weakened against the dollar. The head of the Bank of Canada, Tiff MacKlem, then lamented the decline of the dollar of this country. Swiss National Bank President Thomas Jordan then hinted that he would like to see a stronger franc.

In the case of the United States, a weaker currency could further reduce the incentive for foreign investors to buy dollar-denominated assets, making it difficult to finance record budget and trade deficits. This could mean higher borrowing costs for government, businesses and consumers. It’s been two decades since the US current account deficit boosted global money markets, but that could be about to change, and in a big way.

• Dollar downtrend just beginning: Stephen Roach

• Why the dollar is stronger than it looks: Richard Cookson

• US debt is massive, growing and under control: Gary Shilling

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

Robert Burgess is the editor of Bloomberg Opinion. Previously, he was Global Editor of Financial Markets for Bloomberg News.

More stories like this are available at

]]> Foreign exchange software market – growing demand from professionals in the sector: Fourex, FX PLUS, Cymonz, Calyx Solutions Sat, 25 Jun 2022 11:30:27 +0000

JCMR released a new industry study that focuses on Global Currency Exchange Software Market and provides in-depth market analysis and future outlook of Global Currency Exchange Software Market . The study covers important data that makes the research document a handy resource for managers, analysts, industry experts, and other key people who get a ready-to-access, self-analyzed study, as well as graphs and charts to help understand market trends, drivers and market challenges. . The study of Currency Exchange Software is segmented by Application, End Users, Product Types and various major geographies like North America, Europe, Asia-Pacific, MEA etc.].

Market Segment by Type, covers
– Cloud-based
– Web-based

Market segment by Applications, can be split into
– Large companies

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The research covers the current market size of Global Currency Exchange Software Market and its growth rates based on 8-year historical data as well as company profile of major Currency Exchange Software players/manufacturers. Detailed information by segments of Currency exchange software market helps monitor future profitability and make critical decisions for growth. The Bureau de Change software provides information on trends and developments, focuses on markets and materials, capacities, technologies, CAPEX cycle and changes in the structure of the Currency exchange software Market.

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The Currency Exchange Software study provides company profile, product picture and specification, sales, market share and contact information for major Currency Exchange manufacturers. Currency exchange software Market, some of them listed here are Fourex, FX PLUS, Cymonz, Calyx Solutions, Clear View Systems, OnboarD Software, Vinitsolutions, Medoc, Donya Exchange, IMX Software, Oomsys Technology, Yodatech, CGI Design, WallSoft. The currency exchange software market is growing at a very rapid pace and with increasing technological innovation, competition, and M&A activity in the industry, many local and regional vendors are offering products specific applications for various end users. New bureau de change software manufacturers in the market find it difficult to compete with international vendors based on quality, reliability, and innovations in bureau de change software technology.

Global Currency Exchange Software Market Market (000 Units) and Revenue (Million USD) Breakdown by Product Type, such as [Type]. Further, the research study is segmented by Application such as [Application] with historical and projected market share and compound annual growth rate.

GeographicallyThis report is segmented into several key regions, with production, consumption, revenue (USD Million), market share and growth rate of Currency exchange software in these regions, from 2015 to 2030 (forecast), covering North America, Europe, Asia-Pacific, etc. and its share (%) and CAGR for the forecast period from 2022 to 2030.

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Here are the chapters to display the Global Currency Exchange Software Market.

Chapter 1, to describe the definition, specifications and classification of Currency exchange softwareApplications of Currency exchange softwaremarket segment by regions;
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Chapter 3, to view the Technical Data and Manufacturing Plants Analysis of Currency exchange softwarecommercial production capacity and date, manufacturing plant distribution, R&D status and technology source, raw material source analysis;
Chapter 4, to show the Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment), ‘company);
Chapter 5 and 6, to show the Regional Market Analysis which includes North America, Europe, Asia-Pacific etc., Currency exchange softwaremarket analysis by segment;
Chapter 7 and 8, to analyze the Currency exchange software Market Analysis (by Application) Major Manufacturers Analysis of Currency exchange software;
Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Types, Market Trend by Application;
Chapter 10, Regional Currency Exchange Software Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis;
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Currency exchange software Market share assessments for regional and country segments;
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Currency Exchange Software Market forecasts for a minimum of 8 years of all mentioned segments, sub-segments and regional markets;
Currency Exchange Software Market Trends (Drivers, Restraints, Opportunities, Threats, Challenges, Investment Opportunities, and Recommendations)
Currency Exchange Software Strategic recommendations in key business segments based on market estimations
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Thank you for reading the report article on the bureau de change software; you can also get individual chapter wise section or region wise report version like North America Currency Exchange Software Industry, Europe Currency Exchange Software Industry or Asia as per your choice.

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Media agency Horizon to test Comscore data as local ad currency Thu, 23 Jun 2022 11:00:00 +0000

Media agency Horizon Media said it was working with Comscore on a test to see if Comscore’s local TV measurement data can be used as currency when planning and buying local TV ads.

Comscore would offer local buyers an alternative to Nielsen, which has long dominated the ratings industry. Comscore has been able to make inroads into local markets, signing up stations and groups of stations for its audience measurement services.