Japan is planning to test a new system of using fingerprints instead of standard currency when paying for items at shops. The government is hoping to have the system set-up on a larger scale in time for the 2020 Olympic games.
In January 2016, Russia officially became the world’s leading purchaser of gold with the IMF saying that the Bank of Russia had acquired 688,000 ounces of gold.
The South Africa rand dropped 31.30% since the end of March 2015. Weakened exports, political controversy and rising inflation rates have all contributed to the struggle of South Africa’s currency over the last year.
The IMF continues to pressure the People’s Bank of China to disclose their positions in the derivatives market, as the bank is relying on derivates as their main tool for supporting the nation’s currency.
3 working days currency forecast from March 10th to March 14th, 2016
