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Police Arrests Five With Fake Banknotes - Dhaka

Detective Branch of police on Saturday arrested five people, including the mastermind, Liakat Hossain Zakir, and four women with fake banknotes worth Tk 1.5 crore at a fake currency factory in Kadamtali area of capital Dhaka, Bangladesh, June 8, 2024. A DB team of the Lalbagh Division raided the fake currency factory at a house from about 9:00am to 12 noon in the area. DB officials said that they had recovered fake banknotes worth Tk 1.5 crore and materials for making Tk 3 crore fake currencies from two houses, including special papers and cloths, special colours, four laptops, four printers, white papers, heaters, scales and paper-cutters. They said that the ring was making fake currency targeting Eid-ul-Azha, one of the biggest religious festivals for Muslims. Zakir has been doing retail and wholesale business of fake currency for the past 25 years and he is an expert in making fake taka and rupees, according to the DB. Photo by Suvra Kanti Das/ABACAPRESS.COM

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Police Arrests Five With Fake Banknotes - Dhaka

Detective Branch of police on Saturday arrested five people, including the mastermind, Liakat Hossain Zakir, and four women with fake banknotes worth Tk 1.5 crore at a fake currency factory in Kadamtali area of capital Dhaka, Bangladesh, June 8, 2024. A DB team of the Lalbagh Division raided the fake currency factory at a house from about 9:00am to 12 noon in the area. DB officials said that they had recovered fake banknotes worth Tk 1.5 crore and materials for making Tk 3 crore fake currencies from two houses, including special papers and cloths, special colours, four laptops, four printers, white papers, heaters, scales and paper-cutters. They said that the ring was making fake currency targeting Eid-ul-Azha, one of the biggest religious festivals for Muslims. Zakir has been doing retail and wholesale business of fake currency for the past 25 years and he is an expert in making fake taka and rupees, according to the DB. Photo by Suvra Kanti Das/ABACAPRESS.COM

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Police Arrests Five With Fake Banknotes - Dhaka

Detective Branch of police on Saturday arrested five people, including the mastermind, Liakat Hossain Zakir, and four women with fake banknotes worth Tk 1.5 crore at a fake currency factory in Kadamtali area of capital Dhaka, Bangladesh, June 8, 2024. A DB team of the Lalbagh Division raided the fake currency factory at a house from about 9:00am to 12 noon in the area. DB officials said that they had recovered fake banknotes worth Tk 1.5 crore and materials for making Tk 3 crore fake currencies from two houses, including special papers and cloths, special colours, four laptops, four printers, white papers, heaters, scales and paper-cutters. They said that the ring was making fake currency targeting Eid-ul-Azha, one of the biggest religious festivals for Muslims. Zakir has been doing retail and wholesale business of fake currency for the past 25 years and he is an expert in making fake taka and rupees, according to the DB. Photo by Suvra Kanti Das/ABACAPRESS.COM

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Police Arrests Five With Fake Banknotes - Dhaka

Detective Branch of police on Saturday arrested five people, including the mastermind, Liakat Hossain Zakir, and four women with fake banknotes worth Tk 1.5 crore at a fake currency factory in Kadamtali area of capital Dhaka, Bangladesh, June 8, 2024. A DB team of the Lalbagh Division raided the fake currency factory at a house from about 9:00am to 12 noon in the area. DB officials said that they had recovered fake banknotes worth Tk 1.5 crore and materials for making Tk 3 crore fake currencies from two houses, including special papers and cloths, special colours, four laptops, four printers, white papers, heaters, scales and paper-cutters. They said that the ring was making fake currency targeting Eid-ul-Azha, one of the biggest religious festivals for Muslims. Zakir has been doing retail and wholesale business of fake currency for the past 25 years and he is an expert in making fake taka and rupees, according to the DB. Photo by Suvra Kanti Das/ABACAPRESS.COM

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Police Arrests Five With Fake Banknotes - Dhaka

Detective Branch of police on Saturday arrested five people, including the mastermind, Liakat Hossain Zakir, and four women with fake banknotes worth Tk 1.5 crore at a fake currency factory in Kadamtali area of capital Dhaka, Bangladesh, June 8, 2024. A DB team of the Lalbagh Division raided the fake currency factory at a house from about 9:00am to 12 noon in the area. DB officials said that they had recovered fake banknotes worth Tk 1.5 crore and materials for making Tk 3 crore fake currencies from two houses, including special papers and cloths, special colours, four laptops, four printers, white papers, heaters, scales and paper-cutters. They said that the ring was making fake currency targeting Eid-ul-Azha, one of the biggest religious festivals for Muslims. Zakir has been doing retail and wholesale business of fake currency for the past 25 years and he is an expert in making fake taka and rupees, according to the DB. Photo by Suvra Kanti Das/ABACAPRESS.COM

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Police Arrests Five With Fake Banknotes - Dhaka

Detective Branch of police on Saturday arrested five people, including the mastermind, Liakat Hossain Zakir, and four women with fake banknotes worth Tk 1.5 crore at a fake currency factory in Kadamtali area of capital Dhaka, Bangladesh, June 8, 2024. A DB team of the Lalbagh Division raided the fake currency factory at a house from about 9:00am to 12 noon in the area. DB officials said that they had recovered fake banknotes worth Tk 1.5 crore and materials for making Tk 3 crore fake currencies from two houses, including special papers and cloths, special colours, four laptops, four printers, white papers, heaters, scales and paper-cutters. They said that the ring was making fake currency targeting Eid-ul-Azha, one of the biggest religious festivals for Muslims. Zakir has been doing retail and wholesale business of fake currency for the past 25 years and he is an expert in making fake taka and rupees, according to the DB. Photo by Suvra Kanti Das/ABACAPRESS.COM

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Japan, China start direct currency trading

TOKYO, Japan - Photo shows a display for the Chinese yuan-Japanese yen exchange rate, along with the flags of the two countries, in the office of foreign exchange broker Tokyo Forex & Ueda Harlow Ltd. in Tokyo's Nihombashimuromachi district on June 1, 2012, when the two countries began direct trading between the two currencies in Tokyo and Shanghai.

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Japan, China to start direct currency trading

SHANGHAI, China - Photo shows a display for the Japanese yen-Chinese yuan exchange rates in a dealing room of the Shanghai branch of the Bank of Tokyo-Mitsubishi UFJ on June 1, 2012. Direct trading in the Japanese and Chinese currencies began the same day with the yuan fetching 12.33 yen at the outset, bypassing the U.S. dollar in a development expected to boost trade and investment between Asia's two biggest economies.

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Japan, China to start direct currency trading

BEIJING, China - Photo shows bills in yen (L) and yuan. Direct trading in the Japanese and Chinese currencies, bypassing the U.S. dollar, began on June 1, 2012, in a development that will help to boost trade and investment in Asia's two biggest economies.

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Direct trading between Japanese and Chinese currencies

TOKYO, Japan - A display for the Chinese yuan-Japanese yen exchange rate, along with the flags of the two countries, are displayed in the office of foreign exchange broker Tokyo Forex & Ueda Harlow Ltd. in Tokyo's Nihombashimuromachi district on May 31, 2012, on the eve of the start of the direct trading between the two currencies. Authorities of the two countries have said the direct trading will start on June 1 in Tokyo and Shanghai.

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APEC financial chiefs vow to cut global imbalances

KYOTO, Japan - Finance ministers of the Asia-Pacific Economic Cooperation forum hold a press conference after wrapping up a two-day meeting in Kyoto on Nov. 6, 2010. They pledged efforts to address global trade imbalances, in a move that could put pressure on some surplus members, including China, to move away from unfairly undervaluing their currencies as a way to boost exports.

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APEC financial chiefs vow to cut global imbalances

KYOTO, Japan - Japanese Finance Minister Yoshihiko Noda (L) speaks in a press conference after finance ministers of the Asia-Pacific Economic Cooperation forum wrapped up a two-day meeting in Kyoto on Nov. 6, 2010. On the right is U.S. Treasury Secretary Timothy Geithner. The financial chiefs pledged efforts to address global trade imbalances, in a move that could put pressure on some surplus members, including China, to move away from unfairly undervaluing their currencies as a way to boost exports. (Pool photo)

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Local currency confab in Hokkaido wraps up

KURIYAMA, Japan - Victor Grey (R), a panelist from the United States, speaks at a two-day conference on local currencies which ended in the Hokkaido town of Kuriyama on Aug. 23. The First International Conference on Local Currencies was called to promote currencies used on a limited basis in local communities and on the Internet.

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Japan, Germany agree to stabilize currencies

Japanese Prime Minister Keizo Obuchi (L) and German Chancellor Gerhard Schroeder meet the press after their first meeting in Bonn on Jan. 12. The two leaders agreed to closely cooperate in stabilizing the global currency system following the Jan. 1 launch of the euro.

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Egypt raises key rates amid economic reforms to secure IMF loan

STORY: Egypt raises key rates amid economic reforms to secure IMF loan DATELINE: Oct. 28, 2022 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt 2. various of an accountant counting banknotes 3. various of Cairo STORYLINE: The Central Bank of Egypt (CBE) on Thursday raised interest rates by 200 basis points, as part of the country's economic reforms to secure an International Monetary Fund (IMF) loan. Egypt's Monetary Policy Committee has raised the overnight deposit and lending rates, two key interest rates, by 200 basis points to 13.25 percent and 14.25 percent respectively, while the central bank's main operation rate and discount rate are both raised by the same margin to 13.75 percent. The CBE also announced a switch to a more "durably flexible exchange rate regime, leaving the forces of supply and demand (in the international markets) to determine the value of the Egyptian pound against other foreign currencies." According to a CBE statement, the

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APEC financial chiefs vow to cut global imbalances

KYOTO, Japan - Japanese Finance Minister Yoshihiko Noda (L) speaks in a press conference after finance ministers of the Asia-Pacific Economic Cooperation forum wrapped up a two-day meeting in Kyoto on Nov. 6, 2010. On the right is U.S. Treasury Secretary Timothy Geithner. The financial chiefs pledged efforts to address global trade imbalances, in a move that could put pressure on some surplus members, including China, to move away from unfairly undervaluing their currencies as a way to boost exports. (Pool photo)(Kyodo)

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APEC financial chiefs vow to cut global imbalances

KYOTO, Japan - Finance ministers of the Asia-Pacific Economic Cooperation forum hold a press conference after wrapping up a two-day meeting in Kyoto on Nov. 6, 2010. They pledged efforts to address global trade imbalances, in a move that could put pressure on some surplus members, including China, to move away from unfairly undervaluing their currencies as a way to boost exports. (Kyodo)

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Local currency confab in Hokkaido wraps up

KURIYAMA, Japan - Victor Grey (R), a panelist from the United States, speaks at a two-day conference on local currencies which ended in the Hokkaido town of Kuriyama on Aug. 23. The First International Conference on Local Currencies was called to promote currencies used on a limited basis in local communities and on the Internet. (Kyodo)