Currency – I Have 50 Dollars Mon, 21 Nov 2022 08:32:34 +0000 en-US hourly 1 Currency – I Have 50 Dollars 32 32 Malaysian currency and stocks down after inconclusive election – Markets Mon, 21 Nov 2022 03:10:29 +0000

SINGAPORE (Reuters) – Malaysia’s stock market and ringgit currency weakened in early trading on Monday, after a national election over the weekend resulted in the first suspended parliament in the country’s history. , leaving rival parties to rush to find coalition partners.

The ringgit fell nearly 0.8% against the greenback, its biggest drop in seven months, as investors reacted to the prospect of prolonged instability and compromise. The ringgit was last at 4.58 to the dollar, after hitting a two-month high of 4.495 last week.

Kuala Lumpur’s benchmark equity index fell more than 1% to its lowest level since Nov. 4, hitting a low of 1,427.75.

Malaysia elected a hung parliament for the first time in its history, as the ruling Barisan Nasional, led by the United Malayan National Organization (UMNO), came a distant third.

This left a conservative Malay Muslim alliance led by former Prime Minister Muhyiddin Yassin to battle with a multi-ethnic alliance led by veteran opposition Anwar Ibrahim to find other partners needed to secure an outright majority.

“There is a question mark being triggered by this rise of ethno-religious politics in Malaysia, with longer-term implications for economic and social policy,” said Alvin Tan, head of Asia FX strategy. at RBC Capital Markets in Singapore.

“In the near term, political uncertainty, as well as the global economic slowdown, I think, should keep the upward pressure on the US dollar/ringgit pair,” he said, meaning downward pressure. drop on the ringgit.

Indian rupee tumbles as Asian currencies fall on Fed rate outlook

Muhyiddin’s Perikatan Nasional alliance won 73 seats in the lower house – winning support from two political blocs on Sunday as it sought to form a new government, although it has yet to win the required majority.

Having been a junior partner in the incumbent government, Muhyiddin could seek support within the defeated UMNO party to which he once belonged.

“It’s not ideal for Malaysia, which has been facing political challenges for some time now,” said Trinh Nguyen, emerging Asia economist at Natixis in Hong Kong.

“The results confirm the concern that even if a coalition is formed, no ruling party means it is very difficult to move forward decisively, as politics now takes precedence over economics.”

BRI Projects and Programs: Growing Sino-Thai Bilateral Currency Exchange Boosts Investments Fri, 18 Nov 2022 08:00:21 +0000

Sino-Thai financial cooperation, especially in bilateral currency exchanges, has reduced transaction costs and facilitated trade and investment. In January 2021, the central banks of China and Thailand renewed a bilateral currency swap agreement. The statement from the People’s Bank of China (PBOC) says the swap line has a size of 70 billion yuan (about $10.8 billion), or 370 billion Thai baht. It will be valid for a period of five years and may be extended by mutual consent.

In 2014, the central banks of China and Thailand signed a Memorandum of Understanding on Chinese Renminbi (RMB) clearing settlement in Bangkok, capital of Thailand. At the same time, the two sides renewed the bilateral currency swap agreement, aimed at supporting trade and investment in local currencies as well as strengthening bilateral financial cooperation between the two countries. In addition, it would strengthen the confidence of the private sector in the use of local currencies in their cross-border transactions. A year later, the Industrial and Commercial Bank of China (Thai) Public Company Limited announced in Bangkok the official launch of the RMB clearing bank service.

The growing use and internationalization of the RMB is part of an enhanced regional financial cooperation. The Chiangmai Initiative, adopted at the 10+3 finance ministers meeting in May 2000, was the first substantive step to strengthen financial cooperation. Its main content was to expand the size of the original ASEAN Currency Exchange Facility, while establishing a bilateral currency exchange network between 10+3 nations, to help countries members to overcome short-term balance of payments difficulties and to stabilize financial markets. In 2011, the central banks of China and Thailand signed the bilateral currency swap agreement (BSA) between the Chinese yuan and the Thai baht, the first of its kind under the Chiang Mai initiative.

(With input from statements by the People’s Bank of China, PBOC)

Crypto and Digital Currency in the Caribbean Market: What You Need to Know – Island Origins Magazine Tue, 15 Nov 2022 18:47:39 +0000

Think of cryptocurrency, and some associations may appear? arcane tech jargon, lucky buyers becoming millionaires overnight, or massive losses due to sudden swings in the Bitcoin market. Few people think of the Caribbean and the wider diaspora. And yet, the region is witnessing a rise in the crypto space, providing Caribbean consumers with opportunities to enter the financial market at an unprecedented level.
According to Kaspersky Lab, crypto refers to “any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies do not have a central issuing or regulatory authority, but instead use a decentralized system to record transactions and issue new units. After the launch of the first cryptocurrency, Bitcoin, in 2008, the concept gained popularity as the Great Recession exposed the underlying fragility of the global banking system.
Lawyer and crypto consultant, Adella Toulon-Foerster.
Photo: Courtesy of Adella Toulon-Foerster
The decentralized nature of digital currency is what first attracted Dominican Republic native Adella Toulon-Foerster to the industry. “I was in the business before crypto became crypto,” laughs the lawyer and crypto consultant, who founded a digital gold exchange as early as 2001. “We came up with the idea of ​​an exchange in which a user could have fractional ownership. I believe this was the real start of the crypto revolution. People can actually have ownership of their own assets without having to ask for permission. I knew this could be a game changer for the unbanked, the underbanked and the poor.

President and CEO of the Caribbean Blockchain Alliance, Stefen Deleveux.
Photo: Diana Sinclair
Fair trade
A major opportunity lies in remittances, says Caribbean Blockchain Alliance President and CEO Stefen Deleveux. “Remittances are such a part of our reality because so many people in the US and UK have to send money to their families in the Caribbean, and they have to use a banking system that takes so much money. money in expenses”, explains Deleveux. “But with cryptocurrency, my money goes directly from me to the person I’m sending to. The absence of middlemen takes a lot of the cost, complexity, hurdles, and restrictions out of the equation. »

Ingrid Riley, founder of Silicon Caribe.
Photo: Craig Harley

At its core, cryptocurrency is “trying to upend and disrupt the global financial system and put power in the hands of everyone rather than a few,” says Ingrid Riley, founder of the tech news site of the Caribbean, Silicon Caribe. As a former investigative reporter and journalist, she advises those looking to enter the space to be proactive and educate themselves. “Be curious, frequent Twitter spaces, listen and ask questions,” says Riley. “I sign up for newsletters, I read The Milk Road, I watch Coin Bureau. Today someone just told me about WhiteboardCrypto.
I read these bigger websites and media brands, but I also look at communities like Crypto Caribbean, micro-communities based in Trinidad and the Bahamas, see who’s doing what, and ask questions.
In a space often dominated by men, Riley also wants to encourage more women to explore the sector. “Women in the region represent approximately 53% of every nation in the Caribbean. We have a lot of buying power, knowledge. She encourages women to “put aside their imposter syndrome and their fears. Whether they want to learn in women’s circles or on their own, get involved, get trained.
The road to follow
Yet in the Caribbean, consumers face difficult hurdles when engaging in these decentralized digital spaces. Most people still rely on the banking system to manage their money. And the region’s internet infrastructure also needs to be strengthened to access and secure cryptocurrency exchanges. Although many Caribbean countries have strong internet systems, they often rely on outside agents like the United States and the European Union to facilitate them. This makes the Caribbean countries dependent on the American system.
By building a more decentralized digital financial infrastructure, Caribbean countries can ideally become more financially independent and deal more freely with other nations in the region. Decentralized financial exchanges could also help Caribbean communities become less dependent on Western (and often unfavorable) financial systems and forge deeper ties with other nations in Africa, Asia and South America that remain. linked to the Caribbean by colonial histories. “I hope we can use these technologies to reposition the Caribbean away from tourism and the usual industries, so that we can position ourselves more powerfully in the global digital economy,” says Riley.

Reality Bytes
Beyond these utopian promises, investing in cryptocurrency carries major risks. The lack of centralized authority also means a lack of regulation and protection against fraud. For example, the rise of crypto has spawned popular “exit scams,” where bad actors promote an exciting new cryptocurrency, only for early investors to flee with the funds. Deleveux warns new investors. “A lot of people get involved in the hype. The most important thing is to avoid this by all possible means. Don’t buy it as an investment if you don’t understand it.
Toulon-Foerster, however, remains hopeful. “It’s up to people who truly believe in the fundamental utility of crypto to continue to scale down and actually create these solutions for users who need the technology.” For her, that means protecting people’s investments with a more secure and accessible technology infrastructure, especially for low-income and underbanked people.
Entities like the Caribbean Blockchain Alliance hold educational events and workshops in the Caribbean and have pushed for the adoption of fintech, blockchain and cryptocurrency in the Caribbean. These events can be a great way for people looking to learn more to do so in an encouraging and stimulating environment without fear of scams or misinformation. Silicon Caribe is a great outlet for industry news and education. Because, as Riley points out, “it is crucial that Caribbean people understand what is coming”.

Iranian exchange rate for November 13 Sun, 13 Nov 2022 06:37:36 +0000

BAKU, Azerbaijan, November 13. The Central Bank of Iran (CBI) announced an official foreign exchange rate on Nov. 13, Trend reports referring to the CBI.

According to the Central Bank of Iran’s exchange rate, 16 currencies rose and 18 fell in price, compared to November 12.

According to CBI, 1 dollar equals 42,000 Iranian rials and 1 euro equals 43,521 rials.


Iranian Rial November 13

Iranian Rial November 12

1 US dollar




1 British pound




1 Swiss franc




1 Swedish krona




1 Norwegian krone




1 Danish Krone




1 Indian Rupee




1 United Arab Emirates dirham




1 Kuwaiti dinar




100 pakistani rupees




100 Japanese yen




1 Hong Kong dollar




1 Omani rial



109 102

1 canadian dollar




1 New Zealand dollar




1 South African Rand




1 Turkish Lira




1 Russian ruble




1 Qatari riyal




100 Iraqi dinars




1 Syrian pound




1 australian dollar



28 123

1 Saudi Riyal




1 Bahraini dinar




1 Singapore dollar




100 Bangladeshi taka




10 Sri Lankan rupees




1 Burmese kyat




100 Nepalese rupees




1 Libyan dinar




1 chinese yuan




100 Thai baths




1 malaysian ringgit




1,000 South Korean won




1 Jordanian dinar




1 euro




100 Kazakh tenge




1 Georgian lari




1,000 Indonesian rupiah




1 afghan afghan




1 Belarusian ruble




1 Azerbaijani manat




100 Philippine pesos




1 Tajik somoni




1 Turkmen manat




In Iran, the official exchange rate is used for the import of certain essential products.

The SANA system is a system introduced by the Central Bank of Iran in exchange offices, where the price of 1 euro is 299,880 rials and the price of 1 dollar is 289,398 rials.

NIMA is a system for selling a certain percentage of foreign currency earned from export.

The price of 1 euro in this system is 287,801 rials and the price of 1 dollar is 277,741 rials.

On the black market, 1 dollar is worth around 348,000 to 351,000 rials, while 1 euro is worth around 356,000 to 359,000 rials.

Follow the author on Twitter:@BaghishovElnur

Becton Dickinson’s Guidance Tracks for Wall Street’s FY23 Reflect Foreign Currency Impact Thu, 10 Nov 2022 13:59:18 +0000
  • Becton Dickinson and Co. (NYSE: BDX) reported revenue of $4.76 billion in the fourth quarter of FY22, down 1.8% year on year (up 2.3% on a currency-neutral basis) , slightly better than the consensus of $4.72 billion.

  • Revenue was driven by base revenue growth of 4.2% as reported, 8.6% excluding currency impact.

  • Medical segment sales increased 5.8% year-on-year to $2.38 billion.

  • Life sciences segment sales were down 15.9% year-over-year to $1.29 billion, reflecting lower COVID testing-only revenue.

  • Interventional segment revenue increased 2.4% year-on-year to $1.09 billion.

  • Operating profit increased from $380 million to $490 million, with margin improving from 7.8% to 10.3%.

  • Adjusted EPS of $2.75, compared to $2.15 a year ago, beating the consensus of $2.74.

  • Related Becton Dickinson recalls certain sterilization containers due to compromised quality.

  • Tips: BD expects FY23 sales of $18.6 billion to $18.8 billion versus consensus of $19.37 billion.

  • The revenue forecast assumes currency-neutral core revenue growth of 5.25% to 6.25% and approximately $125 million to $175 million in COVID-19 diagnostic testing revenue alone.

  • The exchange rate would represent a reduction of about 450 basis points in the company’s total revenue growth.

  • The company expects adjusted EPS of $11.85 to $12.10 versus consensus of $12.19.

  • Price action: BDX stock closed down 0.55% at $218.29 on Wednesday.

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Nokian’s profits fall 76% despite favorable currency winds Tue, 08 Nov 2022 07:34:54 +0000
Cryptocurrency Mining Hardware Market Is Booming Worldwide | Sat, 05 Nov 2022 11:36:00 +0000

Cryptocurrency mining hardware market

Advance Market Analytics has published a new research publication on “Crypto Currency Mining Hardware Market Insights, to 2027” with 232 pages and enriched with self-explained tables and graphs in a presentable format. In the study, you will find new evolving trends, drivers, restraints, and opportunities generated by targeting stakeholders associated with the market. The growth of the cryptocurrency mining hardware market has been primarily driven by increasing R&D spending across the globe.

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Some of the key players profiled in the study are:
Bitmain (China), Canaan (China), Bitfury (USA), HIVE Blockchain Technologies (Canada), Spondoolies Tech (Israel), KnCMiner (Sweden), Coinmine (USA), Comino (Cyprus), Trezor (Republic Czech), FebSmart,.

Scope of Cryptocurrency Mining Hardware Report
Cryptocurrency mining is a term that refers to the process of collecting cryptocurrency as a reward for the work we do. This process involves validating blocks of data and adding transaction records to a public record called blockchain. In recent times, cryptocurrency has gained popularity due to the smooth and low-cost transaction process. Many people mine cryptocurrency for the purpose of investing and making money. However, in developed countries, it is widely used for online shopping and other transactions.

The titled segments and sub-sections of the market are illuminated below:
by type (GPU, FPGA, ASIC), application (commercial, personal), end user (retail and e-commerce, BFSI, travel and hospitality, media and entertainment, other), currency type (Bitcoin, Ethereum, Ripple, Dash, The Others)

Market factors:
Growing adoption of digital currency by e-merchants and start-ups due to fast transaction process and low transaction cost
Rise in demand for cryptocurrency-specific hardware due to growing popularity of cryptocurrency across the globe

Government initiatives to enable the use of cryptocurrency for various transactions in developed countries

Market trends:
Advances in technology and increased investment in R&D to develop innovative and advanced mining hardware

In March 2021, Blockcap, Inc., the largest bitcoin mining and blockchain technology in North America, announced the purchase of 8,400 additional AvalonMiner 1246s from Canaan to increase hashing power. With the addition of the Canaan machines, Blockcap will deploy new miners that will help Blockcap nearly triple its total hashing power from six months ago.

If you have any questions regarding the Global Cryptocurrency Mining Equipment Market Report, Ask Our Experts @

Regions included are: North America, Europe, Asia-Pacific, Oceania, South America, Middle East and Africa

Country level breakdown: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), Netherlands, Spain, Italy, Belgium , Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand, etc.

Strategic Points Covered in Table of Content of Global Cryptocurrency Mining Equipment Market:
Chapter 1: Introduction, Market Driving Product Objective of Study and Research Scope of Cryptocurrency Mining Equipment Market
Chapter 2: Exclusive Summary – the basic information of Cryptocurrency Mining Hardware Market.
Chapter 3: Viewing Market Dynamics – Cryptocurrency Mining Hardware Drivers, Trends and Challenges and Opportunities
Chapter 4: Presenting the Cryptocurrency Mining Equipment Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL Analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Product Display by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Cryptocurrency Mining Equipment Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix and Company Profile
Chapter 7: To assess the market by segments, by countries and by manufacturers/company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Viewing the appendix, methodology and data source

Finally, Crypto Currency Mining Hardware Market is a valuable source of guidance for individuals and businesses.

Read the detailed index of the full research study at @

Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Contact us:
Craig Francis (Public Relations and Marketing Manager)
AMA Research & Media LLP
Unit #429, Parsonage Road Edison, NJ
New Jersey United States – 08837
Telephone: +1 (551) 333 1547

About the Author:
Advance Market Analytics is a global market research industry leader that provides quantified B2B research to Fortune 500 companies on emerging, high-growth opportunities that will impact over 80% of global business revenue.
Our analyst tracks high growth study with detailed and in-depth statistical analysis of market trends and dynamics that provides a comprehensive overview of the industry. We follow a thorough research methodology coupled with critical insights related to industry factors and market forces to generate the best value for our clients. We provide reliable primary and secondary data sources, our analysts and consultants obtain informative and usable data tailored to the business needs of our clients. The research study enables clients to achieve varied market objectives ranging from global footprint expansion to supply chain optimization and competitor profiling to mergers and acquisitions.

This press release was published on openPR.

Currency in circulation drops during Diwali week for first time in 20 years: SBI report Thu, 03 Nov 2022 11:50:49 +0000

A drop in currency in circulation during the Diwali week is representative of a structural transformation in the economy, according to a research note from the State Bank of India.

Currency in circulation shrank on a weekly basis during Diwali week for the first time in 20 years, according to a Nov. 3 note from Soumya Kanti Ghosh, chief economic adviser at the State Bank of India Group.

“Technological innovations have changed the Indian payment system,” Ghosh said. Over the years, India’s cash-based economy has transformed into a smartphone-based payment economy, he said, attributing the change to the government’s move towards digitizing the internet. ‘economy.

A decline in currency in circulation is also akin to a reduction in CRR for the banking system, as it leads to less deposit outflow and will have a positive impact on monetary transmission, Ghosh said.

A review of retail digital transaction data shows that NEFT holds a 55% share by value and most transactions are conducted either in-branch or through online banking. Payments via smartphones, such as UPI, IMPS and e-wallet, account for a share of around 16%, 12% and 1% respectively. Thus, small retail payments via UPI/e-wallets account for about 11-12% in the payments industry, Ghosh estimated.

The trends are telling, as the share of currency in circulation in payment systems fell from 88% in FY16 to 20% in FY22, and is expected to decline to 11.15% in the EX27, Ghosh said. Consequently, the share of digital transactions increased from 11.26% in FY16 to 80.4% in FY22 and is expected to reach 88% in FY27, he added. .

Empirically testing the outcome of UPI transactions on currency in circulation, Ghosh’s findings indicate that:

  • The increase in Prepaid Payment Instruments has a negative impact on the CIC and the M0 (monetary base). Moreover, the increase in the PPI positively affects the M3 (broad money).

  • Increasing UPI negatively affects M0 and M3 but has no significant impact on CIC. 

The monetary base includes currency in circulation as well as deposits held by the central bank. Broad money is defined as the total stock of money (paper notes, coins, and demand bank deposits) in circulation held by the public at any given time.

  • It was also found that increasing IPU and PPI does not significantly affect the money multiplier, although the coefficients are negative. 

  • It has been estimated that every Rs 1 crore increase in UPI leads to a decrease in M0, M3 and SCB deposits by Rs 0.81 crore, Rs 0.96 crore and Rs 1.22 crore, respectively. 

  • Furthermore, every Rs 1 crore increase in the PPI leads to a decrease in CIC, M0 and SCB deposits by Rs 1.52 crore, Rs 3.28 crore and Rs 0.23 crore, respectively.

  • Every Rs 1 crore increase in the PPI leads to an M3 increase of Rs 11.79 crore.

SOFTSWISS updates its in-game currency conversion feature to add up to nine fiat currencies Mon, 31 Oct 2022 15:40:47 +0000

iGaming Software Solution Provider SOFT SWISS announced on Monday that he is update one of the most requested features of its casino platform, its in-game currency conversion. The online casino management software now allows players to convert their crypto balances into nine fiat currencies.

Prior to the update, cryptocurrency could only be converted to one default currency. “Offering unique innovative features, SOFTSWISS is sparing no effort to bolster the functionality of its solutions, this time expanding the list of fiat currencies available for in-game conversion,” the company said. The platform now allows conversion to USD, EUR, AUD, RUB, CAD, NZD, NOK, JPY and BRL.

In-game currency conversion is a crypto-centric feature introduced in spring 2022 “unlock new business opportunities for customers” and give players more freedom of action. “Now the latter can bet on games that do not natively support cryptocurrencies, while operators can offer more games in the SOFTSWISS games portfolio,” SOFTSWISS wrote.

Darya Avtukhovich, Head of SOFTSWISS Casino Platform, commented on the update: “Before the update, players could only convert crypto to US dollars. The range of games available was limited by currency. However, the variety of games brings diverse emotions and experiences.”

“So this time we have implemented multi-currency support. Players can now convert crypto to more fiat currencies and enjoy a wider variety of games,” she added.

The casino platform is described as a multifunctional software platform for online casinos offered by SOFTSWISS. As the first iGaming platform to introduce support for cryptocurrencies, the Casino platform offers a portfolio of games and features “to meet the highest expectations of operators and launch an online casino from scratch,” according to the company.

The SOFTSWISS Casino platform and other company products will be showcased at SiGMA Europe, booth S17, November 14-18 in Valletta, Malta.

Government wants to expand digital banking services and plans to launch digital currency Sat, 29 Oct 2022 09:36:26 +0000