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The greenback has seen off plenty of challengers for good reason, writes David Moss. Donald Trump would do well to recognise this

The plummeting UK pound may eventually have a beneficial impact on the cost of goods imported to Bermuda but it has not been felt yet, a leading retailer said yesterday. Tredick Gorham, president of The Supermart Ltd, said: “That has not come through...

Residents have been buying non-US major foreign currencies after the recent strengthening of the US dollar and the plunge in the value of pound sterling

The impact of economic sanctions on the rouble will prompt other countries to speed up their adoption of a digital currency

Bermuda must look at ditching its own dollar in favour of United States currency, Bermuda’s elder statesman has said. Sir John Swan floated the idea in an opinion piece on potential changes for Bermuda published in The Royal Gazette this month, which...

Bermuda’s pioneering work to regulate the global blockchain industry was praised by delegates to one of the world’s largest cryptocurrency conferences, as New York celebrates “Blockchain Week”. David Burt, the Premier and Minister of Finance, accompa...

An embargo has been imposed on the formation of companies involved in cryptocurrencies. The government move was designed to allow for time to create a regulatory framework for the growing financial technology sector. The temporary ban was welcomed ye...

The bitcoin and cryptocurrency intervention has brought a new layer of a technological mystic, particularly to the older generation and those of my era who are still grappling with simple things, such as how to answer a smartphone — a task that our f...

“The value of a currency is, ultimately, what someone will give you for it — whether in food, fuel, assets, or labour. And that’s always and everywhere a subjective decision.” - James Surowiecki Every day millions of local transactions are conducted ...

A predicted weakening of the US dollar will hit Bermuda’s buying power, a bank currency expert said yesterday. Daragh Maher, head of foreign exchange strategy at global bank HSBC, said: “The last couple of years, the US dollar has been stronger than ...

The weakness of the Canadian dollar is a likely contributor to the drop in Canadian visitors to the Island, according to the Bermuda Tourism Authority. “We can’t say that with 100 per cent certainly until we’ve seen more travel and economic data from...

Recently the US dollar has surged. Its gain versus a basket of major currencies since the beginning of July as measured by the US Dollar Index ‘DXY’ is almost nine per cent as of this writing. Most of this appreciation has come at the expense of the ...