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Check your currency in the days to come: you may have the history in your hands

On Thursday, Treasury Secretary Janet Yellen helped mark a milestone in US history when she held up a new $5 bill signed for the first time by two women. Yellen’s signature will appear alongside that of U.S. Treasurer Lynn Malerba, the first Native American in that position. Yellen joked during a layover in Texas about …

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Currency swap debt is an $80 trillion global regulator, says 'blind spot'

Currency swap debt is an $80 trillion global regulator, says ‘blind spot’

LONDON, Dec 5 (Reuters) – Pension funds and other “non-bank” financial firms hold more than $80 trillion in hidden off-balance sheet dollar debt in foreign exchange swaps, the Bank for International Settlements (BIS) said. ). The BIS, dubbed the central bank of central banks around the world, also said in its latest quarterly report that …

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