From the monthly archives:
China’s massive foreign exchange reserves are the largest in the world, comprising a total of $2,132 billion or $2.1 trillion dollars’ worth. Of this amount, $1.5 trillion are held in US Dollar-denominated assets such as cash, bonds and treasuries. When you do the math, about 71% of China’s total foreign reserves are in US Dollars. [...]
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Once again, the Canadian dollar is climbing back up towards parity with the greenback. Most recently, it closed at 92 cents on the US dollar. For Canadians, this is an excellent time to purchase US dollars ahead of any trips you might need to take south of the border. Many people simply wait until they [...]
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If you’re planning a trip to England, Scotland, Wales or Northern Ireland, you will also need to plan how to seriously budget and save your money.
Aside from Hong Kong and Switzerland, England (especially London) is probably the most expensive place in the world. If you’re American or Canadian, just imagine your $25 pizza take-out dinner [...]
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This is a guest post from Wojciech Kulicki, the writer behind the personal finance blog Fiscal Fizzle. If you enjoyed this post, please consider subscribing to his feed.
First, let me say that it’s a pleasure to share this post with MoneyEnergy readers. I’ve been a regular reader for some time, and the posts here are [...]
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Also known simply as a reserve currency, or less frequently, an “anchor currency,” the world reserve currency is more like a vehicle or container – like a 401(k) or RRSP – which can hold a certain currency inside. In other words, there is no essential or necessary world reserve currency. It could be any currency [...]
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Some people may tune out any talk of inflation, chalking its presence in the media up to fear-mongering (a handy scapegoat!) or laughable economic miscomprehension. “Why worry about inflation, when deflation is clearly the threat?,” so many commentators cried a few months ago. But if all one cares about is the short-term, then one won’t [...]
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Is the supranational currency proposed by Russian President Medvedev for real? At the G8 meeting in L’Aquila, Italy (July 8-10, 2009), Medvedev is reported to have brought a sample of a new “united future world currency” coin minted in Belgium and bearing the words “unity in diversity.”
According to Bloomberg, Medvedev said “the question of a [...]
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