LOOSE CHANGE
LOOSE CHANGE
Add another name to the list of Japanese banks in New York. Bank of Osaka, which won approval from the New York State Department of Banking earlier this month, plans to trade foreign exchange, though only when "needed," a source there says. The bank plans to bring over one currency trader from its head office soon.
Out with the old. Kuwait is set to replace its pre-invasion dinar with a new currency. Old Kuwaiti dinars held by the public would reportedly be exchanged at par. The exchange rate for
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