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Volume of Dollar-denominated Deposits Increased

In the third quarter of 2018 the volume of foreign currency  deposits amounts to 14.4 billion in the banking sector, including 83% (12 billion) denominated  in the US dollars. A volume of demand deposits (including current accounts) totals GEL 6 billion in the dollar-denominated deposits  (total 7.461 billion). The volume …

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Georgian Lari Depreciates Against U.S Dollar

The Georgian lari depreciated against the U.S dollar. Starting on November 20, 1 USD costs 2.4889 GEL. This exchange rate was set by The National Bank of Georgia. Previously, 1 USD cost 2.4861 GEL. Although the lari depreciated against the U.S dollar by 0.0028 GEL, The National Bank of Georgia …

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Dollar Extends Gains against Euro on 2015 Fed Rate Hike Bets

The U.S. dollar hit a more than two-week high against the euro on Tuesday on continued belief that the Federal Reserve would hike rates this year while the European Central Bank could ease further. The euro hit $1.11130, its lowest against the greenback since Sept. 4, following Fed officials’ recent …

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Dollar Exchange Rate above 60 Rubles in Russia

On Tuesday’s Moscow trade exchange the exchange rate of the ruble against the dollar exceeded the mark of 60 rubles, which is roughly double the amount prior to the introduction of Western sanctions. The dollar was traded per 59,73 rubles (+2,3%) at the trade exchange; the euro was traded at …

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List: Beyonce,Oprah and Other Influential Women on $10 bill

$10 bill will feature a female face alongside Alexander Hamilton For the first time in more than 120 years, a woman is set to appear on US paper currency. The Treasury announced  that a portrait of a woman would appear on $10 bills to be introduced in 2020, on the 100th …

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Here’s How the Dollar’s Rise is Affecting Businesses Around the World

Here's How the Dollar's Rise is Affecting Businesses Around the World

For Americans, there are cheaper vacations in Europe and lower-priced imports. A Chinese factory is selling fewer goods in Europe. A U.S. toymaker’s exports are being squeezed. A German winery says overseas demand is up. In the months since the U.S. dollar began rising in value against other currencies, the consequences …

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Back to the future for the US dollar

By John J. Hardy, Head of FX Strategy, Saxo Bank A/S Until the January US jobs data was released on Friday, February 6, the currency market had gathering doubts on whether the US recovery is strong enough or the market environment supportive enough to ever trigger a rate hike from …

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