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Markets

Pound slumps ahead of Brexit speech by UK Prime Minister Theresa May

The pound plunged further against other currencies on Monday ahead of Prime Minister Theresa May's speech outlining the government's plans.

France

Macron: the euro may not exist in ten years

The French presidential candidate issued the stark warning in a speech at a university in Berlin.

Economy

Bitcoin celebrates new year with surge in value

Having risen in value in 2016 by 125 percent, the digital currency started 2017 by jumping above $1,000 for the first time in three years.

Iran

Why Iran's rial hit an all-time-low against the US dollar

Iran’s currency, the rial, has hit an all-time record low against the U.

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Venezuela

Venezuela reinstates the 100-bolivar banknote

Venezuelan President Nicolas Maduro has suspended the withdrawal of the country's most widely-used banknote after higher-denomination notes failed to arrive in time.

Venezuela

Violence erupts as Venezuelans scramble to replace void banknote

Police have opened fire on protesters in parts of Venezuela after looting broke out due to a severe cash crisis.

Venezuela

Maduro orders withdrawal of Venezuela's largest banknotes

The president says the move to take the 100-Bolivar note out of circulation is to combat smuggling, but it has been strongly criticised.

Iran

Iran considers currency change

The Rhouhani government approved on Wednesday a call by central bank to replace the rial with the more colloquially and historically known toman

Economy

Dollar muscles ahead, strongest since 2003 against basket of currencies

The US dollar has been boosted by Donald Trump's election victory and spending plans, and political and economic worries in Europe, Britain and Japan.

Spain

Barcelona set to introduce local currency

The city of Barcelona is preparing to move forward with a plan to introduce its own currency, despite warnings from Spain’s central bank.

Markets

China's yuan at 8-year low against the US dollar

China's currency, the yuan, hit its lowest value in almost eight years against the US dollar having declined for eight days in a row.

India

Huge queues outside banks in India after currency swap shock

Indians are reeling from the prime minister’s decision to take certain bank notes out of circulation.

Economy

Egypt devalues its currency to stabilise the economy

Egypt has effectively devalued its currency by allowing it to trade freely, hoping to stabilising the economy and attracting foreign investment.

No Comment

Money DJ - Brits use new five pound note to play vinyl records

While post-Brexit woes are causing the pound to plummet in recent months, innovative Brits have found something better to do with their cash.

United Kingdom

How to play vinyl records with Britain's new plastic five pound note

Economy

Six knock-on effects of a plummeting pound

The slumping value of the pound has an effect on tourism, foreign workers in the UK, exporters and expats.

Markets

Pound hammered by flash crash

The pound suffered a massive temporary loss in value overnight, diving 10 percent against the dollar in just minutes - a so-called flash crash.

Markets

Strong UK business data creates interest rate dilemma for Bank of England

The UK's services sector was strong in September adding to doubts about the need for another interest rate cut to cushion the Brexit vote impact.

Economy

Plastic fantastic - Britain unveils polymer banknotes

Britain has introduced its first plastic currency with a new five pound banknote entering circulation featuring World War Two leader Winston Churchill.

Economy

Eurozone is doomed without radical reform says economist Stiglitz

As the eurozone struggles with weak growth and the threat of deflation, left-leaning economist and Nobel laureate Joseph Stiglitz told Euronews the currency bloc is doomed without radical changes.