BRICS is focusing on investment partnerships over currency unification, Russian officials indicated, as discussions around reducing reliance on the U.S. dollar continue amid global economic shifts. Russia Puts BRICS Currency Speculation to Rest—Here’s …
Category: Currency
Argentina Eliminates ‘Inclusive’ 30% Leftist Foreign Currency Tax
The government of Argentina on Monday eliminated a hefty 30 percent “inclusive” surcharge tax on foreign currency debit and credit card purchases imposed by the previous socialist administration.
The post Argentina Eliminates ‘Inclusive’ 30…
China Says BRICS Nations Will Push Back Against Trump Tariff Threat
China expects fellow members of the BRICS economic bloc to push back against President-elect Donald Trump’s tariff threats.
The post China Says BRICS Nations Will Push Back Against Trump Tariff Threat appeared first on Breitbart.
JPMorgan’s Bold Call: Why Carry Trades May Be Facing Their Final Days
A new JPMorgan report warns that carry trades are losing effectiveness as global interest rates decline, urging investors to be more selective with currency risks. The Japanese yen has lost appeal after unexpected rate hikes, while the Swiss franc carr…
Putin Reveals Over 85% of CIS Trade Now in National Currencies
Russian President Vladimir Putin announced that more than 85% of trade within the Commonwealth of Independent States (CIS) is now conducted in national currencies, highlighting a move toward greater financial independence. This development is part of b…
UBS Warns of Further US Dollar Decline, Advises Investors to Reduce USD holdings
Financial giant UBS expects the U.S. dollar to continue to depreciate, advising investors to reevaluate their portfolios. The bank predicts a medium-term decline due to shrinking interest rate advantages and a growing fiscal deficit. With the dollar do…
Turkey Scraps Planned Crypto Tax, Targets Economic Reforms
Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on reducing ta…
Putin: BRICS Nations Developing Own Payment and Settlement System
Russian President Vladimir Putin has revealed plans for an independent payment system in collaboration with BRICS nations to secure foreign trade transactions. This move reflects a strategic shift aimed at increasing Russia’s and BRICS’s au…
Milei Win: Argentina Marks $8 Billion Increase in Foreign Currency Deposits
The central bank of Argentina reported on Monday foreign currency deposits have surged by about $8 billion under the policies of libertarian President Javier Milei.
The post Milei Win: Argentina Marks $8 Billion Increase in Foreign Currency Deposits ap…
North Carolina Rejects Federal Digital Currency, Overrides Governor’s Veto
The North Carolina General Assembly has overridden Governor Roy Cooper’s veto to enact a bill prohibiting a central bank digital currency (CBDC) in the state. The Senate voted 27-17, securing the required supermajority. The bill bars payments using CBD…