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The Daily NewsBrief

The Daily NewsBrief

Currency values

Cuba Will Have Unified Exchange Rate Since January

December 14, 2020 by Fourth Estate Wire

Cuban President Miguel Diaz-Canel said during a Sunday night televised speech in Havana that the island will end its decades-old dual currency system and start having a single unified exchange…


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Venezuelan Regime Will Tax Hard-Currency Transactions

November 27, 2020 by Fourth Estate Wire

The Venezuelan regime announced on Thursday morning it will tax hard-currency transactions between clients of the same bank, representing an effort to boost tax revenue amid a broader economic liberalization.Read…


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Chinese Yuan Experiences Worst Decline Since 2018

November 4, 2020 by Fourth Estate Wire

The Chinese Yuan plunged as much as 1.4 percent against the US dollar on Wednesday morning as US President Donald Trump remained in contention with the Democratic nominee Joe Biden…


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Turkish Lira Drops to Eight Against U.S. Dollar

October 28, 2020 by Fourth Estate Wire

Turkish currency Lira dropped to a new record low of eight against the U.S. dollar last Oct. 26 amid growing tensions with North Atlantic Treaty Organization allies.Read more…


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The Argentinean Government Will Maintain Currency Devaluation Rate

October 23, 2020 by Fourth Estate Wire

The Argentinean government announced on Friday morning it will maintain a slow rate of currency devaluation despite rising pressure on the national currency peso and tumbling foreign reserves.Read more…


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Argentinean Authorities Crack Down on Currency Trafficking

October 22, 2020 by Fourth Estate Wire

The Argentinean National Police have been carrying out a series of raids in order to crack down on foreign currency trafficking, which comes at a moment when the nation looks…


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