Japan’s economy and currency weakened somewhat more than expected in 2023, causing it to slide behind Germany to become the world’s fourth-largest economy.
Category: Currency
Germany Overtakes Japan as World’s Third-Largest Economy, India Set to Pass Both
Japan’s economy and currency weakened somewhat more than expected in 2023, causing it to slide behind Germany to become the world’s fourth-largest economy.
Putin Attacks Javier Milei, Says Argentine President Jeopardizing ‘Sovereignty’
Vladimir Putin said Javier Milei’s plan to use the U.S. dollar as currency in Argentina would bring a “significant loss of sovereignty.”
Senator Rand Paul: Out-of-Control Government Spending Threatens ‘the Very Existence’ of US Dollar
U.S. Senator Rand Paul has cautioned that the government’s “out-of-control spending” is threatening the very existence of the U.S. dollar and even the country. Commenting on the government spending billions of dollars to help multiple countries, Paul warned: “They’ll bankrupt our country in sending money everywhere all over the planet.” Senator Rand Paul’s USD and […]
Data Protection Bodies Call For ‘Privacy Threshold’ in Digital Euro Transactions
Ensuring low-value digital euro transactions are not traced is one of the recommendations made by two data protection agencies in the EU. The independent bodies have presented their joint opinion on the proposed regulation for the upcoming digital version of Europe’s common fiat currency. Independent EU Regulators Insist on Embedding Data Protection in the Design […]
Iraq Bans Withdrawals and Transactions in U.S. Dollars
Mazen Ahmed, director of investments and remittances at the Central Bank of Iraq (CBI), said on Thursday that cash withdrawals and transactions using U.S. dollars will be banned effective January 1, 2024.
Dollar Share in Reserves Drops Below 60%, Yuan Rises, Russian Diplomat Says
The share of currencies other than the U.S. dollar and the euro in international reserves is on the rise, according to a Russian representative. The trend is being observed as a growing number of countries try to use their national currencies in foreign trade settlements, the official noted. Russia Sees Alternative Currencies Like Chinese Yuan […]
Bitcoin Miners Feel the Pinch: 10% Value Drop Tanks Hash Price in August
August has proved to be a challenging month for bitcoin miners, facing two difficulty spikes and witnessing the currency’s value plummet over 10% in the past 30 days. This decline in value has pulled the network’s hash price to levels reminiscent of late 2022. At present, miners receive roughly $60 daily for every petahash per […]
BRICS Countries Can Use India’s UPI Instant Payment System, Prime Minister Modi Suggests
Member states of the BRICS bloc can follow the example of other nations and start using India’s Unified Payments Interface (UPI) system, according to Prime Minister Narendra Modi. The country is a leader in digital transactions, the head of the Indian government said in South Africa where the organization is holding its annual summit. India […]
BRICS Discussing Single Unit of Account, Alternative to Dollar, Russian Finance Minister Says
The BRICS members are mulling over the possible launch of a common unit of account, Russia’s Minister of Finance Anton Siluanov unveiled. This would be an alternative to the U.S. dollar that can be used to denote the cost of some commodities, for example, but not a single currency like the euro, the Russian official […]