Currency

Army recovers heroin, fake currency near Indo-Pak border (Hindustan Times)

16 May 2008

Troops have recovered a "consignment" of 60 kilograms of heroin and fake Indian currency with face value of Rs 16 lakhs near the Indo-Pak border, a senior army official said in Jammu on Friday. However, no arrest has been made.

Ringgit Climbs After US Treasury Says Currency Undervalued (Nasdaq)

16 May 2008

SINGAPORE -(Dow Jones)- The Malaysian ringgit got a temporary boost Friday after a U.S. Treasury report singled the currency out for being fundamentally undervalued.

China avoids currency citation (The Nashua Telegraph)

16 May 2008

WASHINGTON -- The Bush administration has declined to cite China for manipulating its currency to gain unfair trade advantages against the United States. ... - By MARTIN CRUTSINGER The Associated Press