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Economy

Pound nears one-month high following UK election results

The British Pound has strengthened against other major currencies in the past week as the landslide win of the Labour Party provides optimism toward policy stability for the country.

United Kingdom

New Charles III banknotes on display at Bank of England exhibition

The new currency is being shown at a museum before entering circulation on 5 June.

United Kingdom

King Charles III banknotes to enter circulation in June 2024

New banknotes will be issued solely to substitute worn ones and to accommodate any rise in demand for banknotes.

Kosovo

Thousands of Serbs protest in Kosovo over currency ban

Kosovo Serbs gathered in Mitrovica on Monday to protest Priština’s decision to make the Euro the only legal currency.

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Business

Denmark withdraws 1,000-crown note from circulation

The Scandinavian nation is set to remove the note, its largest denomination, as legal tender in 18 months time.

Economy

Bank of Israel holds key interest rate despite war

Despite the war-shaken economy, the Central Bank of Israel has held its key interest rate at 4.75%.

Economy

Why did $500 million in cash get stuck at Argentina’s main airport?

Argentina has seen a storm of dollar withdrawals ahead of the presidential election this weekend.

Business

UK: King Charles III’s new nature-inspired coin designs

The King oversaw the design of the latest Royal Mint coins, which feature fauna and flora patterns and will reportedly help children learn to count.

Russia

Russian Central Bank to hold extraordinary meeting as rouble tumbles

Russians are bracing for higher prices as the rouble falls against both the dollar and the euro.

Economy

Brussels unveils plans for a digital euro promising complete privacy

The Commission's proposals would allow people to store up to €3,000 digital euros in secure wallets and use them for both offline and online payments.

Money

What is happening with Binance? The SEC lawsuit explained

According to a lawsuit filed by the US SEC, Binance and its founder have mishandled funds and violated US securities laws.

Travel News

Cash, credit card or crypto: What’s the best way to pay on holiday?

Heading abroad? Here's how to choose the best payment option for your trip.

Money

Are we becoming a cashless society? Not Switzerland

Enough signatures have been acquired to put the issue of retaining traditional money to a national plebiscite under Switzerland's direct democracy.

Travel News

From next year you will be able to use euros in this European country

With Croatia set to adopt the euro next year, just a handful of EU countries now still use their own currencies

Estonia

'Freedom is the highest value': Estonia's new €2 coin to back Ukraine

Prime Minister Kaja Kallas said the new coins "will be a daily reminder of Ukraine's fight for freedom and its future in the EU".

Economy

Croatia leaps closer to euro with historic spending plans

Croatia is due to enter the Eurozone at the start of 2023.

Croatia

Currency call: MPs back law introducing euro in Croatia from 2023

It will eventually replace the Croatian kuna.

Money

Bitcoin price crashes after Russia launches attacks on Ukraine

The Russian attacks on cities and military targets in Ukraine and the resulting foreign economic sanctions are impacting crypto prices.

Tech News

Croatia to display prices in both Kuna and Euro from September 5

In 2023, everyone will be able to exchange kunas for euros free of charge in banks, in the Croatian Post offices, and in FINA (Financial services and payment systems) branches.

Culture news

Royal Mint unveils new coins of Queen to celebrate Platinum Jubilee

The Royal Mint in the UK has revealed additional commemorative coins for Queen Elizabeth II's Platinum Jubilee. They feature a new portrait of the Queen on the back of a horse.