Britain’s new banknote is washable and harder to forge

Britain’s new banknote is washable and harder to forge

Britain is introducing new bank notes… made of plastic. The material makes them strong enough to survive the washing machine… and a lot harder to counterfeit. Park Se-young has the details. These are Britain’s new five-pound notes. Instead of paper, they’re printed on polymer – a thin, flexible, plastic film. A crumpled bill becomes good […]

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Bank of Korea forecast to cut rates amid global currency war

Bank of Korea forecast to cut rates amid global currency war

Central banks around the world are devaluing their currencies to keep themselves competitive. Korea has been no exception,… cutting its rate to a record-low one-and-a-half percent over the past year or so. And analysts say further cuts could be on the horizon soon. Park Se-young has the details. The “global currency war” is intensifying, with […]

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S. Korean gov’t to push ahead with currency swap with Japan

S. Korean gov’t to push ahead with currency swap with Japan

On Saturday, South Korea and Japan’s finance chiefs agreed to start discussions on resuming the two countries’ currency swap deal. South Korean finance minister Yoo Il-ho responded to critics who called that a sudden and complete reversal of policy, as the government told the press before the ministerial talks, the currency swap would not be […]

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South Korea, China extend currency swap deal

South Korea, China extend currency swap deal

Korea and China have agreed to extend their currency swap deal… that’s set to expire next year. This is expected to not only help Korea get better prepared for possible future financial crises… but it’s being seen as yet another bilateral move that could also help strengthen its relationship with China. Our Kim Jung Soo […]

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Trump slams China and Japan as currency manipulators

Trump slams China and Japan as currency manipulators

U.S. President Donald Trump continues to make his presence felt around the world in his second week in the Oval Office. Now, he’s accused not only China… but Japan… of manipulating their currencies. Kim Hyesung has the details. Two weeks into his Presidency and Donald Trump is hitting his campaign issues one by one — […]

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News Indepth: Yuan′s emerge as world currency and impact on Korea IMF, 중국 위안화

News Indepth: Yuan′s emerge as world currency and impact on Korea   IMF, 중국 위안화

The IMF′s decision to add China′s yuan to its elite basket of reserve currencies. What happens to the Renminbi now and what does this mean to Korea? The Chinese currency becoming part of the Special Drawing Rights our Beyond the Headlines tonight… Hwang Ji-hye is live in the studio with me. Ji-hye, the yuan′s ascent […]

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BD IMF approves Chinese yuan as major world currency IMF, 중국 위안화 기축통화에 편입… 3

BD IMF approves Chinese yuan as major world currency   IMF, 중국 위안화 기축통화에 편입… 3

The International Monetary Fund has given the greenlight to include China′s currency, the yuan in its basket of reserve currencies. Joining this elite club marks an important milestone for policymakers in Beijing,… but what does it mean for Korea? Arirang News′ Hwang Ji-hye reports. Starting in October of next year,… the Chinese yuan will become […]

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China’s yuan joins U.S. dollar, pound, yen, euro as reserve currency

China’s yuan joins U.S. dollar, pound, yen, euro as reserve currency

China’s yuan has officially joined the elite club of reserve currencies,… marking a milestone for the Chinese government’s campaign for recognition as a global economic power. The yuan on Saturday joined the U.S. dollar, the euro, the yen and British pound in the IMF’s so-called “special drawing rights” or SDR basket, which determines currencies that […]

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Latest update to Bitcoin makes investors in the virtual currency anxious

Latest update to Bitcoin makes investors in the virtual currency anxious

Bitcoin investors are feeling anxious today after devolopers announced an update to thevirtual currency.It had enjoyed a blistering first half of the year, where its value rose from aroundone-thousand U.S. dollars a coin at the start of the year, to near two-thousand five hundredat the end of June.But many experts have speculated Bitcoin’s price is […]

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Bitcoin splits into two to create the new ‘Bitcoin cash’

Bitcoin splits into two to create the new ‘Bitcoin cash’

The virtual currency, Bitcoin, has split into two,… generating a clone currency called‘Bitcoin cash’.People who held Bitcoins now have access to an equal amount of ‘Bitcoin Cash’ for free.The new currency has all of Bitcoin’s transaction history, as well as the same amount of coins.The clone currency was created in opposition to an update to […]

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