A recent report prepared by ECB officials found that cash has maintained its relevance even in the EU, with predictions of a cashless society failing to materialize. While cash usage has been slowing down in the payments arena, its adoption has grown i…
Category: Currency
A Hit to Digitalization: Cash Is Still Very Much Alive and Relevant for EU Citizens
A recent report prepared by ECB officials found that cash has maintained its relevance even in the EU, with predictions of a cashless society failing to materialize. While cash usage has been slowing down in the payments arena, its adoption has grown i…
Latam Insights Encore: A BRICS Currency Is Coming, Sooner or Later
Even with the opposition of the Trump Administration, the issuance of a BRICS currency, even if it is used only for trade purposes, seems unavoidable as the bloc continues to grow to become a world power rivaling the Group of Seven (G7). Latam Insights…
Brazil’s Ambassador to India Addresses BRICS Currency Speculation
BRICS is accelerating plans to ditch the dollar in favor of national currencies, as Brazil’s Ambassador to India clarifies direction on a unified currency and signals sweeping financial shifts. Senior Brazilian Diplomat Addresses BRICS Currency Outlook…
Brazilian President Lula Proposes BRICS Develop New Trade Currency
Lula proposed this new BRICS currency in the context of a world that must embrace free trade and multilateralism. The Brazilian leader acknowledged that the proposal presents several challenges but emphasized that it is necessary for the benefit of hum…
Africa Unites in Currency Revolution: PAPSS Launches Dollar-Free Trade Platform
The Pan-African Payment and Settlement System has officially launched a currency marketplace aimed at reducing reliance on the U.S. dollar for intra-African trade. No Hard Currency Involved The Pan-African Payment and Settlement System (PAPSS) has laun…
U.S. Will Stop Minting Pennies Next Year
Those household hoards of pennies many consumers keep in jars, cups and other containers may one day become more useful after the U.S. Treasury stops producing the iconic coin next year.
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Javier Milei Welcomes Scott Bessent: ‘Argentina Intends to Be a Firm Ally’
Argentine President Javier Milei said on Monday that his country “intends to be a firm ally of the United States” and hopes to cement that friendship by signing a trade agreement that “will undoubtedly benefit both the United States and Argentina.”
The…
Argentina Scores $20 Billion Key IMF Credit Facility, Terminates Currency Controls
The government of Argentina has finalized a deal with the IMF for a 48-month credit facility worth $20 billion to support the ongoing macroeconomic stabilization of the nation’s economy. President Javier Milei also announced the end of long-standing cu…
BRICS Expands Currency Independence Plan as Brazil Champions Dollar-Free Deals
Brazil backs BRICS’ push to trade in national currencies, urging reduced U.S. dollar reliance despite business preference for its liquidity and dominance in private transactions. BRICS Accelerates Local Currency Trade as Brazil Declares Full Supp…