Venezuela subtracts six zeros from currency, second overhaul in three years

CARACAS, Oct.1 (Reuters) – Venezuela on Friday launched its second monetary overhaul in three years by removing six zeros from the bolivar in response to hyperinflation, simplifying accounting but doing little to ease the South American nation’s economic crisis . The plan aims to simplify accounting in businesses and banks, …

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Venezuelan new currency is a strategy against economic war – Prensa Latina

In an exclusive interview with Prensa Latina, the senior official stressed that the national economy is affected, disrupted by the unilateral coercive actions of Washington and its allies, against which the state has decided to take measures for the protection of the population and strengthening the economy. “The issue of …

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Columbia Banking System Announces Completion of Acquisition of Bank of Commerce Holdings

TACOMA, Wash and SACRAMENTO, California., October 1, 2021 / PRNewswire / – Columbia Banking System, Inc. (NASDAQ: COLB), (“Colombia“), today announced the completion of its acquisition of Bank of Commerce Holdings (NASDAQ: BOCH), (” Bank of Commerce “), the holding company of Merchants Bank of Commerce. Following the completion of …

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KCB discloses attempted bank fraud of 2 billion shillings in 2020 –

Kenya Commercial Bank (KCB) has revealed that it was the victim of an attempted fraud of 2 billion shillings on its banking system in 2020, at the height of the Covid-19 pandemic. The bank made the incident public on Thursday in its sustainability report, which estimated the number of avoided …

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Ejabiah awards central banking system contract to Path Solutions

Ejabiah awards central banking system contract to Path Solutions By Léandra Monteiro The newly established Saudi Arabia finance company, Positive Facilities Co. Ltd. ‘Ejabiah’, signed an agreement with Path solutions for the implementation of its basic interest-free banking platform. Ejabiah will offer a zero rate financing product, similar to Qard …

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What bank customers plan to do with digital currency

Through our journalists Before of the planned launch of the central bank’s digital currency (CBDC), Nigerians from all walks of life have spoken about their plans towards the use of currency to succeed in the program. While some insist on the security and protection of transactions from fraudsters and hackers, …

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Euro pound exchange rate (GBP / EUR) climbs as fuel problems ease

September 30, 2021 – Written by John Cameron HISTORY LINK Euro pound exchange rate (GBP / EUR) climbs as fuel problems ease GBP / EUR regains ground as fuel supplies stabilize The Euro pound exchange rate (GBP / EUR) strengthened this morning as the UK fuel supply crisis is once …

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Columbia Banking System Announces Regular Cash Dividend Increase of $ 0.30

TACOMA, Wash., Sept. 30, 2021 / PRNewswire / – Columbia Banking System, Inc. (“Colombia“) (NASDAQ: COLB) announced today that a quarterly cash dividend of $ 0.30 per common share will be paid on October 27, 2021 to shareholders of record at the close of business on October 13, 2021. This …

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Growth of currency in circulation falls – BoG

The currency in circulation that determines the level of liquidity in an economy is declining, raising concerns that the economy is facing a liquidity problem. According to the Bank of Ghana’s financial and economic data summary, the growth of foreign exchange outside banks increased by 18.3% in August 2021. This …

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