The Yuan has replaced the euro to become the second most widely used currency in global trade in 2013, according to the SWIFT network responsible for international financial transactions.
The share of the Yuan in global trade finance has jumped from 1.89 percent in January 2012 to 8.66 percent in the form of letters of credit and collections in October 2013, the Society for Worldwide Interbank Financial Telecommunication (SWIFT)…
The five member of the East African Community (EAC) economic group have agreed to adopt a single currency.
The leaders of Kenya, Uganda, Tanzania, Rwanda, and Burundi signed a protocol in the Ugandan capital Kampala on Saturday for the adoption of a common currency in 10 years.
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The Norway NHO (Confederation of Norwegian Enterprise) quarterly survey gives an improved current situation, but a long term weak outlook.
The weaker NOK is good for export, but other sectors like construction and oil are less positive.
Below the long-term weekly chart EUR/NOK.…Continue