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Sri Lanka is now suffering the worst currency crisis in history of the island's soft-pegged central bank which was set up in 1950 abolishing a currency board, dooming the country into exchange and trade controls as well as trade and exchange controls.
Monday marked the 30th anniversary of the Estonian Kroon (EEK) becoming legal tender in Estonia, which it remained until 2011, and a number of key framers of the currency transition – a success despite initial opposition from the International Monetary Federation (IMF) – gathered at the Bank of Estonia (Eesti Pank) for a conference commemorating the event.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Commentary The Russian central bank recently announced that it will stop buying gold at a fixed rate and will instead ...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero