Tag: Currency
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US Pennies Shortage: How Retailers Are Adapting as One-Cent Coins Fade Away
The Penny Problem: Why Stores Are Rounding Down In a surprising shift, US retailers are increasingly rounding cash sales to the nearest five or ten cents after the traditional one-cent coin has largely disappeared from circulation. Following the decision to halt new minting of the one-cent coin for circulation earlier this year, many cash transactions…
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Penny Shortage: Why US Retailers Are Running Out of Pennies
Overview: The Growing Penny Shortage In recent months, an unusual scarcity has emerged in American storefronts: pennies. Following a policy shift that paused the minting of the one-cent coin, many retailers report dwindling supplies of the humble cent. While pennies in pockets and drawers are still legal tender, the limited minting and reduced circulation have…
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Dollar Powers Through Data Void as Hawkish Fed Outlook Keeps October Rally Alive
Introduction: A Dollar Rally Amid a Quiet Economic Month The dollar closed October on a firmer note, notching its second-best monthly performance of 2025 as traders grappled with a dearth of compelling US economic data and a stubbornly hawkish Federal Reserve outlook. With official data scarce, markets leaned on liquidity cues, central-bank rhetoric, and cross-asset…
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Pennies Run Dry: How US Retailers Are Coping as One-Cent Coins Fade Away
The Penny Shortage and What It Means for US Retailers When the Trump administration halted the minting of one-cent coins earlier this year, the consequence wasn’t just a curious financial policy footnote. It set off a chain reaction through wallets, tills, and daily transactions. As the remaining pennies dwindle from circulation, retailers across the United…
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The Dollar Gets More Fuel From Powell’s Doubts About December Rate Cut
The Dollar Strengthens as Powell Casts Doubt on a December Rate Cut The U.S. dollar has found fresh momentum against other major currencies after Federal Reserve Chair Jerome Powell indicated caution about a potential rate cut in December. The comments, which suggested a more data-driven and cautious path for policy, came at a time when…
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Treasury Seeks to Reassure Public: Kenyan Shilling Stability Reflects Economic Strength
Kenya’s Shilling Maintains Ground Amid Global Voices The National Treasury has moved to calm nerves among Kenyan markets and the public by affirming that the shilling remains stable. In the wake of recent reports in some media outlets suggesting concern from international lenders such as the International Monetary Fund (IMF), the government insists that the…
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Trump on the $1 Coin: A 250th Anniversary Design Dividing Opinion
What the draft coin envisions In a development reported by ABC News, the U.S. Treasury has released draft designs for a one-dollar coin to commemorate the 250th anniversary of American independence in 2026. The proposed obverse would feature the profile of President Donald Trump, flanked by the classic inscriptions Liberty and In God We Trust.…
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Iran Sanctions Return Deepens Economic Crisis in Iran
Background: Sanctions Return Tightens the Stranglehold on Iran’s Economy The international community has revived the pressure on Iran as UN sanctions came back into force, following stalled negotiations with Western powers over Tehran’s nuclear program. The move, backed by the snapback mechanism used by three European powers nearly a decade after the JCPOA, tightens existing…
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Iranians Face Currency Plunge Amid European Sanctions Announcement
In a dramatic turn of events this week, the Iranian currency, the rial, plummeted by approximately 12% following a crucial announcement from European nations, including the UK, France, and Germany. These countries activated the ‘snapback’ mechanism, reinstating sanctions against Iran, which has intensified fears of inflation and a looming economic crisis in Tehran. The economic…
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The Overvaluation of the Swedish Krona: Big Mac Index Insights
In a detailed analysis emerging from the popular Big Mac Index, experts have determined that the Swedish krona is currently overvalued. The Big Mac Index, introduced by The Economist as a light-hearted way to assess the purchasing power parity between two currencies, compares the price of a Big Mac in various countries. This index provides…