The economy of US state of California has surpassed that of Britain's, becoming the world's fifth largest.

Valiollah Seif, the governor of the Central Bank of Iran (CBI), says a plan is on agenda for the government to switch from the US dollar to Euro as the official reporting currency.   

Iran’s Minister of Information and Communications Technology Mohammad Azari Jahromi says a plan is on agenda to develop a platform for using cryptocurrency in Iran.    

Venezuela’s President Nicolas Maduro says preliminary sales of Venezuelan cryptocurrency – named ‘Petro’ – have already reached 735 million US Dollars.

Russia plans to sell equivalent to $1 billion in yuan-denominated bonds to attract Chinese investments in a strategy meant to cushion it against possible US sanctions on its sovereign debt markets.  

China’s foreign exchange reserves dropped by $320 billion in 2016 with Chinese authorities seeking to support the yuan against a soaring dollar.

The Turkish currency was thrashed earlier by an unanticipated sharp rise of inflation back in December.