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Slowdown and Piracy Sink Suez Canal Revenues
[27 Jul 2009]
Suez Canal, Egypt’s major foreign currency earner and world's busiest international trade routes has slashed its revenue by 7.2 percent owing to decline in traffic triggered by global economic crisis
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Tags: Suez canal Egypt foreign currency
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Latin American Countries to Begin Single Currency Talks
[25 Jan 2010]
The trade ministers of an alliance of Latin American Countries (ALBA) will meet today to discuss the operational launch of a regional electronic currency. In last April, Venezuelan President Hugo Chav
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Tags: Latin America single currency ALBA US
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N-Korean Redenomination Boomerangs – Economy Collapses
[04 Feb 2010]
Several reports suggest the fizzled out redenomination or currency swap enacted by North Korea to contain inflation has literally brought the country to its knees. Last November’s decree which gave ci
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Tags: North Korea economy currency nuclear
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Zimbabwe to Buy Small Denominations to Fix Currency Crisis
[20 Jul 2010]
The Finance Minister of Zimbabwe has announced that his country would import small change to stave off worsening currency problems. The day to day lives of the Zimbabweans have become difficult ever s
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Tags: Zimbabwe Tendai Biti US Currency Credit
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Sucre Gets Functional with Ecuador-Venezuela Trade
[18 Jan 2011]
The first shipment of crude palm oil from Ecuador to Venezuela has boosted a new trade currency regime in the Latin American region. Ecuador’s state-run National Development Bank (BNF) in its official
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Tags: Ecuador Venezuela Cuba Nicaragua Sucre Currency
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