The Central Bank of Nigeria (CBN) has dismissed as fake news a report stating it issued ₦5,000 and ₦10,000 banknotes to enhance cash transactions. The CBN said the report, circulating on social media and claiming the new banknotes would become legal te…
Category: Currency
Premium on Naira Banknotes: Central Bank Condemns, Urges Action Against Illegal Currency Dealers
The Central Bank of Nigeria has raised concerns over illegal currency dealers charging premiums of 20–40% on naira banknotes. Threat to Naira Credibility The Nigerian central bank has raised alarms over the growing practice in which illegal currency de…
Expert Discusses BRICS Currency Push—Is Gold-Backed System the Ultimate Solution?
Momentum for a BRICS currency is building, with gold-backed alternatives and trade strategies gaining traction, but challenges to dethroning the dollar remain. BRICS Currency and Dedollarization—Expert Exposes the Hard Truth Behind the Hype Momentum is…
BRICS Currency Plans? Russia Says Investment Comes First
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 …
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…