Indian Commerce Secretary B.V.R. Subrahmanyam predicted this week that New Delhi will conduct up to $9 billion worth of trade with Russia and Sri Lanka combined over the next two months, Reuters reported on Wednesday.
Category: Currency
Targeting the US Dollar’s Hegemony: Russia, China, and BRICS Nations Plan to Craft a New International Reserve Currency
While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve currency is meant to rival the U.S. dollar and the International […]
Ukraine’s New Fiat Restrictions to Boost Popularity of Crypto, Industry Says
The central bank of Ukraine has adjusted the fixed exchange rate of the national currency in U.S. dollars and introduced stricter limits on hryvnia transactions for citizens. The measures are likely to turn more Ukrainians to cryptocurrencies, according to a representative of the local crypto sector. War-Time Hryvnia Limits Expected to Increase Interest in Cryptocurrency […]
Is Gold Starting to Behave Itself?
Gold is doing what it is supposed to do! Equity markets are tumbling, “NASDAQ 100 Rout Erases $1.5 Trillion in Market Value in 3 Days” reads one Bloomberg headline. The big names such as Apple lost over US$225 billion, Microsoft almost US$200 billion, Amazon and Tesla each lost US$175 billion market value over the three […]
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Bashar Assad Makes Syrian Currency Debut on 2,000-Pound Bill
The Syrian Central Bank has debuted a new, higher denomination bill featuring dictator Bashar al-Assad, the first time Assad has appeared on the nation’s currency. Such an appearance may imply renewed confidence in his stability as a leader, as the Is…
Donald Trump Softens on China: ‘They’re Not Currency Manipulators’
President Donald Trump softened his position on China, citing the need for them to help the United States deal with the threat posed by North Korea.
Woodson: Trump Should Block China from Buying U.S. Money Transfer Company
A recently-announced purchase of an American financial services corporation by a Chinese owned company may weaken President Trump’s efforts to make America great again and could set back Trump’s trade reform efforts.
Video: Venezuelans Dig Through Market’s Garbage to Feed Their Families
A study finds that more than 2.4 million Venezuelans resort to eating garbage to survive, as video of this phenomenon surfaces – Venezuelans patiently waiting for markets to throw away their rotted produce and dig for anything remotely edible.
Venezuela to Issue Bills in Larger Denominations in the Midst of Currency Meltdown
Venezuela said it would start issuing higher denominations of currency as the country faces triple-digit inflation and a currency meltdown that reduced the value of the country’s largest note to 2 U.S. cents.
Obama Administration Moves to Add Women, Blacks to $5 and $10 Bills
Now that Secretary of the Treasury Jacob Lew has confirmed his agency’s decision to replace President Andrew Jackson with black Republican Harriet Tubman on the front of the $20 bill, the Obama administration is looking to place more leaders of the women’s suffrage movement onto the back of the $10 bill and plans to add black civil rights leaders onto the back of the $5 bill.