Currency

Central bank} digital currencies (CBDCs), expected to become a reality in the next decade, could, in geopolitical terms, be a real game changer, bypassing the reigning dollar and euro payment systems and raising possibilities - but also dangers.

Standard & Poor's (S&P) has confirmed Türkiye's credit rating as "B" and changed its credit rating outlook from "stable" to "positive."

"Confidence in our medium-term program is increasing," Treasury and Finance Minister Mehmet Şimşek wrote on social media platform X on Dec.1, commenting on S&P's move.

A routine fine payment at the Limassol Court on Tuesday took an unexpected and unconventional turn, leaving court officials and onlookers shaking their heads in disbelief.

Foreign fund inflows to Türkiye are likely to gather momentum not after but before the local elections, says Hakan Aran, the general manager of İşbank, one of Türkiye's largest private banks.

The consensus is that foreign investors' interest in Türkiye usually increases before elections, he said.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2146 dinars for one euro on Tuesday, which is a slight change from Monday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.1 pct y-o-y and relative to the beginning of the year.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2201 dinars for one euro on Tuesday, which is a slight change from Monday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.1 pct y-o-y and relative to the beginning of the year.

A diver who spotted something metallic not far from Sardinia's coast has led to the discovery of tens of thousands of ancient bronze coins.

Italy's culture ministry said Saturday that the diver alerted authorities, who sent divers assigned to an art protection squad along with others from the ministry's undersea archaeology department.

The largest Chinese state banks were busy this week selling US dollars for yuan, both in onshore and offshore foreign exchange markets, to slow down the depreciation of the yuan. While they also trade on their own behalf or to fulfill client orders, state banks often act on the central bank's instructions when the yuan is under pressure, as is the case currently.

In the dynamic context of our rapidly evolving global environment, the convergence of time-honored industries with state-of-the-art technologies has given rise to a myriad of inventive and forward-thinking solutions.

The Turkish currency started losing its value against the dollar again today and fell to a record low, local media reported.

The Turkish lira traded today at 27.01 per US dollar.

In recent days, the euro was exchanged for 29.60 TRY.