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  • (News by tags)
    Foreign Exchange: Qatari Riyal Currency in Crisis

    CXI is currently unable to buy or sell any Qatari riyal.

    ...tabilizing the region. As of Tuesday, June 6 the Qatar riyal currency has been under massive amounts of pressure, with many central banks in the region pulling away from any financial ties to Qatar. All of these speculations have caused the riyal to fa...

    Tags: qatar,riyal,central banks,foreign exchange,currency,qar,bahrain,egypt,saudi arabia,united arab emirates

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    Central Bank of Venezuela Demonetizes the 100 Banknote

    First India, now Venezuela has taken the same approach.

    ...ro said it was needed to combat contraband of the bills at the volatile Colombia-Venezuela border. Here is a preview of the new banknotes that will begin circulating in Venezuela on December 15.   Desde el 15 de diciembre de 2016, se incorporar...

    Tags: venezuela,banco central de venezuela,central bank of venezuela,banknotes,demonetization,currency,news,foreign currency

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    Central Bank of Colombia Introduces 20,000 Peso

    The bank introduced a new bill into circulation with a whole new look.

    Photo: Banco de la República   The Central Bank of Colombia officially released a new 20 thousand peso banknote and began circulating on June 30. This is the second denomination out of the six new family of banknotes scheduled to release this ye...

    Tags: central bank of colombia,colombian peso,cop,colombia,banknotes,currency exchange,foreign exchange

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    Weekend Wanderlust

    Top social media posts our fans love from July 1 - 7.

    ...; Facebook: European Central Bank Introduces New 50 Euro On Tuesday, The European Central Bank introduced a new 50 euro banknote that is set to start circulating on April 4, 2017. It is a step in the right direction towards an ultra-secure cash sys...

    Tags: weekend wanderlust,travel,canada,travel tips,euros,european central bank,eur,banknotes,foreign currency,currency exchange

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    European Central Bank Introduces New 50 Euro

    Europe's new €50 banknote was revealed on Tuesday.

      On Tuesday, The European Central Bank introduced a new 50 euro banknote that is set to start circulating on April 4, 2017. It is a step in the right direction towards an ultra-secure cash system. "The introduction of the new €50...

    Tags: european central bank,europe,banknotes,foreign currency,eur,currency news,europa series,security features

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    European Central Bank Ends 500 Euro Banknotes

    The bank has decided to withdraw further production of 500 euro notes.

    ...the 500 euro banknote at the end of 2018. It can still be used as a form of payment, and can still be exchanged at the national central banks of the Eurosystem.  For more updates on the euro and other foreign currencies, join our platinum passport toda...

    Tags: european central bank,ecb,central banks,euros,foreign currency,eur,currency exchange

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    Reserve Bank of Australia Cuts Cash Rate to New Low

    The bank cut interest rates for the first time in a year, noting global economy's growth at a slower pace than expected.

    ...hile you're busy planning that next vacation to Australia, keep in mind the Reserve Bank of Australia announced a new $5 dollar banknote will begin circulating on September 1, 2016. For more updates on the Australian dollar and other foreign currencies, jo...

    Tags: reserve bank of australia,central banks,foreign currency,currency exchange,rates,australian dollar,australia,aud,travel money

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    Swiss National Bank Introduces New 50 Franc

    The Swiss National Bank will soon begin circulating a new 50 franc, here's what you need to know.

    ...d the official release of their new 50 Switzerland Franc on April 12. It’s the first denomination set to be released out of six banknotes that are scheduled to release between 2016 and 2019. Over 20 years have passed by since the last banknote series w...

    Tags: swiss national bank,central bank,switzerland franc,switzerland,chf,foreign currency,currency exchange,banknotes

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    Central Bank of Colombia Introduces New 100,000 Peso

    A new 100,000 Colombian peso started circulating, here’s what you need to know.

    Photo: Banco de la Republica   The Central Bank of Colombia officially released the new 100 thousand peso banknote and began circulating on March 31. This is the first denomination out of the six new family of banknotes scheduled to release this ye...

    Tags: central bank of colombia,banco de la republica,colombia peso,colombia,south america,banknotes,currency exchange,foreign currency

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    Bank Of England Set To Release New Banknote

    A new £5 pound banknote will be unveiled to begin circulation soon.

      The Bank of England’s Chief Cashier, Victoria Cleland announced they will be releasing a new five pound banknote on June 2. This change is being made as an effort to transition their banknotes from paper to polymer. The new five pound banknote...

    Tags: bank of england,central banks,british pound,gbp,banknotes,foreign currency,currency exchange,foreign exchange

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    Central Bank of Egypt Devalues Currency

    Egypt’s economy is in turmoil and has introduced a plan to ease their short supply of dollars.

    ... The Central Bank of Egypt devalued its currency in an effort to achieve monetary stability in their economy. As a result the bank has decided to adopt a more flexible exchange rate system. Wall Street Journal reports the bank, “On Monday sold almost...

    Tags: central bank of egypt,currency,foreign currency,exchange rate,economy,egypt

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    European Central Bank Releases New Monetary Policy

    ECB announces new interest rates and introduces an economic stimulus package.

    ...rchase programme will be expanded to €80 billion starting in April. Investment grade euro-denominated bonds issued by non-bank corporations established in the euro area will be included in the list of assets that are eligible for regular purchases. ...

    Tags: european central bank,ecb,monetary policy,economy,euro,currency,central bank

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    Central Bank of Colombia Reveals Six New Banknotes

    The Central Bank of Colombia will soon introduce its new family of banknotes.

    ...: Banco de la Republica   The Central Bank of Colombia has announced they will release into circulation a new family of banknotes with six denominations: $2,000 $5,000 $10,000 $20,000 $50,000 and $100,000. New features will be introduced on the...

    Tags: central bank of colombia,colombia peso,cop,currency exchange,foreign currency,foreign exchange,banknotes

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    Weekly Wanderlust

    Top social media posts our fans love from February 12 - 18.

    ...n Central Bank Says Goodbye To €500 Banknote The European Central Bank is seriously considering to get rid of its €500 euro banknote. A main reason behind this decision is due to public opinion claiming that these higher denomination bills are being us...

    Tags: weekly wanderlust,travel,leisure,weekly wanderlust,travel,leisure,foreign currency,things to do,currency exchange,money exchange,currency exchange locations,europe,euro,economy,germany,european central bank,austria,cash management,ecb

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    European Central Bank Says Goodbye To €500 Banknote

    The euro zone is about to eliminate its highest value €500 banknote.

      The European Central Bank is seriously considering to get rid of its €500 euro banknote. A main reason behind this decision is due to public opinion claiming that these higher denomination bills are being used to support terrorism and money launde...

    Tags: currency exchange,foreign currency,europe,germany,austria,european central bank,euro,economy,cash management

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    Russia Enforces Stricter Currency Exchange Rules

    The Central Bank of Russia has implemented a new rule for foreign exchange.

    ...he amount of 15,000 rubles, which is about $207 U.S. dollars as of December 29 will now require customer identification and the bank to fill in a form.   Central Bank of Russia implements stricter rules on cash exchanges https://t.co/A0RzMBXXRW...

    Tags: currency exchange,foreign currency,russia,rubles,currencies,central bank of russia,economy,money

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    New 20 Euro Banknote Starts Circulating

    The new €20, third in the Europa series has a new look with more dynamic colors.

      The new €20 banknote began circulation on Wednesday, November 25, 2015. It’s more resistant to counterfeiting and the Euro system has provided materials to help the transformation of banknote equipment to the new €20. It has a refreshed new lo...

    Tags: european central bank,ecb,euro,currency,money,foreign currency,foreign exchange,currency exchange,banknote

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    U.S. Dollar Gains Strength To Reach Euro By Year End

    For the first time since 2002, the dollar could soon be worth as much as the euro.

    ...stitutions, our services include the exchange of foreign currencies, international wire transfers, purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based F...

    Tags: dollar,euro,us dollar,money,currency,economy,foreign currency,foreign exchange,currency exchange,federal reserve bank,european central bank,rates

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    Currencies Change In Speculation Of Fed Meeting

    Waiting for the Fed: Here’s how central banks reacted before today's Fed meeting.

    ...nd, as policy makers wrestle with slower growth in China and weak commodity prices that have weighed on inflation. Sweden’s central bank stepped up quantitative easing to keep pace with euro zone stimulus, while a European Central Bank official repeate...

    Tags: federal reserve,rates,economy,currencies,currency exchange,foreign currency,central banks,bank of japan,sweden central bank,european central bank,australia,new zealand

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    Fed Outlook: European Shares Freeze As U.S. Dollar Dips

    Currencies struggle as hopes of a Fed rate rise this year grows dimmer.

    ... start to the fourth quarter for world stocks, investors remain concerned about the threat of slowing global growth even though central banks have pumped billions of dollars into their economies. "This global economic slowdown would be less of an issue...

    Tags: money monday,currencies,currency,currency exchange,foreign currency,economy,markets,euro,yen,dollar,federal reserve,central banks,european central bank,ecb

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    Why The Euro Could Weaken Its Currency

    The European Central Bank is set to increase its currency weakening stimulus this week.

    ...s, as the European Central Bank is set to increase currency weakening stimulus to meet its inflation target. The investment bank predicts the ECB will maintain significant easing at its current pace of 60 billion euros a month through the end of 2016. ...

    Tags: currency,currency exchange,european central bank,euro,banking,economy,money,central banks

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    Here Is What Higher Fed Rates Could Mean For You

    Final countdown: All eyes are on the Fed, is it time for rates to take a hike?

    ...u? Let’s take a closer look. The committee sets a target for the Federal Funds rate, a key interest rate between commercial banks which in turn influences borrowing costs throughout the economy. "Inflation is not a problem now, but zero rates are a...

    Tags: federal reserve,economy,rates,interest,currency exchange,central banks

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    Which Emerging Markets Are At Highest Risk Of A Banking Crisis

    These banks are indicating early warning signs for most vulnerable to banking strains.

    ...   Credit growth in China, Brazil and Turkey doesn't only risk pushing a hangover in bad debt, it also signals a banking crisis is on the horizon, according to the Bank for International Settlements. "Early warning indicators of ban...

    Tags: emerging markets,banking,economy,central banks,china,brazil,turkey,indonesia,singapore,thailand,currency exchange,foreign exchange

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    Why Are Central Banks Playing A Global Game Of Chess

    The financial struggle is more than real and strategic.

    ...ommentary, the two portfolio managers argue that diverging monetary policies and persistently low levels of inflation mean that central banks are now engaged in a global game of chess. Once a central bank makes an initial move to achieve a new equilibr...

    Tags: central banks,currency,currency exchange,foreign currencies,economy,finance,stock markets,us dollar,british pound,canada,new zealand,australia,europe,italy,rome

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    Russia Stops Foreign Currency Purchases In Push For Relief

    Russia’s central bank halted purchases of foreign currency. Here's what you need to know.

    ... The interventions, compounded by a slump in oil prices, have sent the Russian currency tumbling more than 17 percent since the central bank began its push to rebuild reserves in mid-May, the world's worst performance in that period. "The cent...

    Tags: currency,currency exchange,foreign currency,money,cash,central bank,rubles,russia,travel