Currencies

The European Central Bank has applied to trademark the term “digital euro” as officials prepare to release an assessment of the benefits and drawbacks of creating a digital version of the currency.

The European Central Bank must prepare to issue a digital euro to complement banknotes “if and when” it becomes necessary, ECB board member Fabio Panetta said on Friday.

The dollar rose and the safe-haven yen made its sharpest jump in more than a month on Friday after U.S. President Donald Trump said he tested positive for COVID-19, just a month ahead of the Nov.

China needs to become the first nation to issue a digital currency in its push to internationalise the yuan and reduce its dependence on the global dollar payment system, a commentary published by

Beijing is allowing faster gains in the yuan as it seeks to cheapen imports and bolster weak consumer spending.

SINGAPORE (July 17): Not having a smartphone in China can be a real handicap.

(May 22): With people observing social distancing measures during the Covid-19 pandemic, a serious concern has emerged. Can the virus spread via physical money?

SINGAPORE (May 15): After two months of turmoil, financial markets in Asia have stabilised. The region’s currencies weakened sharply against the US dollar in the early days of the Covid-19 crisis.

(Mar 27): With markets already in turmoil, a dollar credit crunch now threatens the world economy.

SINGAPORE (Feb 7): The Singapore dollar yesterday fell below the RM3 mark for the first time in about a year after the republic’s central bank said there was sufficient room for the Singapore curre