| The Philadelphia Stock Exchange Announces Launch Of PHLX Foreign ...
The Philadelphia Stock Exchange (PHLX) announced today the launch of PHLX modified foreign exchange spot rates for the Euro (XDE) and British Pound (XDB). PHLX will disseminate a modified spot rate beginning Friday, March 30. Pursuant to the Exchange's modified spot rate methodology, if the British Pound is valued at 1.9750, the modified rate will be disseminated as 197.50. "Investors will now have a readily available Euro and British Pound spot rate to assess foreign exchange trading opportunities by simply typing into their broker-dealer's website the symbols XDE and XDB," said Daniel R. Carrigan, PHLX's vice president of new product development. "These modified spot rates make the trading of PHLX World Currency Options similar to the experience of trading equity and index options in options-approved securities accounts for the retail investor," he said.
Mullahs go nuclear with Iran's currency
Iran is going nuclear with its currency. Mullahs' regime issued a banknote Monday with an illustration of an atomic nucleus and electrons in orbit symbolizing nuclear power, placed on a map of Iran. The 50,000 Iran riyal note is worth just over $5 on the foreign exchange market, and the country said six million notes were released into circulation through its banks in commemoration of its nuclear technology. The back of the orange, green, and blue bill is illustrated with a picture of the founder of the Iranian republic, the late Ayatollah Ruhollah Khomeini, whose image must be printed on all Iranian currency. Given that the United Nations and the international community continue to put pressure on the country to stop enriching uranium, the issuance of the latest bill is regarded by many analysts as a deliberate defiance of international pressure on the government.
Pak roadmap to realise Saarc potential
NEW DELHI: Pakistan has proposed a five-point roadmap to realise the full potential of Saarc to make a difference to the lives of peoples in the region.
Addressing the 14th Saarc summit on the opening day at Vigyan Bhavan here on Tuesday, Prime Minister Shaukat Aziz suggested that this objective could be achieved by promoting an environment of genuine peace and security, building mutual trust, upholding the principles of peaceful coexistence, building interdependence and promoting a level-playing field.
The summit took off on a positive note with the participation of the eighth member of the forum, Afghanistan, and five observers, China, Japan, the USA, the EU and South Korea. The Afghan president, the foreign ministers of China, Japan and South Korea and the observers from the United States and the European Union with their maiden appearance turned the event into a historic gathering.
Sebastian River Holding's, Inc. Announces New Investment in the ...
SEBASTIAN, Fla.--(BUSINESS WIRE)--Sebastian River Holding's Inc. (Pink Sheets: SBRV), Today announced that the company is adding to its foreign currency portfolio by purchasing 50,000,000 Vietnamese Dong. The Company has plans to increase this investment by purchasing more Vietnamese Dong to its portfolio in the near future. The company feels that this investment will increase dramatically in the near future. As of today 1,000,000 Vietnamese Dong is equal to $62.11 USD, according to The State Bank of Vietnam (SBV). Since it is nearly impossible to purchase directly from SBV, 1,000,000 Vietnamese Dong is being sold as high as $125 USD here in the United States. Nearly 32 years after the Vietnam War, the Southeast Asian nation joined the capitalist club as the World Trade Organization's (WTO) 150th member on Thursday January 11, 2007, signaling its emergence as one of the world's fastest-growing economies.
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