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African Payment System Gets Banker’s Endorsement, but Viability Questions Linger
8.11.2024
The Pan-African Payments and Settlements System aims to formalize $50 billion in informal trade and save the continent $5 billion in processing costs. Boosting Local Currencies Africa’s recently launched Pan-African Payments and Settlements System (PAPSS) could potentially bring $50 billion...
Analysts Predict Euro to Slide to Parity With US Dollar Under Trump’s Second Term
8.11.2024
Donald Trump’s return to the White House may lead to the euro trading at par with the U.S. dollar. Diverging Interest Rate Policies Donald Trump‘s recently confirmed return to the White House is likely to result in the European Union’s currency, the euro, trading at par with...
Former US President Donald Trump Warns of Economic Depression if He’s Not Elected
20.7.2023
Former U.S. President Donald Trump has warned that the U.S. economy will face “more than a recession” if he is not elected president. Trump also made several other promises, including getting Russia’s President Vladimir Putin to make a deal with Ukraine’s President Volodymyr...
Donald Trump Urges Republicans to Let US Default on Debt if Democrats Don’t Agree to Spending Cuts
11.5.2023
Former U.S. President Donald Trump has urged Republican lawmakers to let the U.S. default on its debt obligations if the Democrats do not agree on “massive” spending cuts. Trump, who is also running for president in 2024, stressed that letting the U.S. default is “better than what we’re doing right...
Former US President Donald Trump States China Is ‘Trying to Replace the Dollar as Number One Currency’
7.4.2023
Former U.S. President Donald Trump has acknowledged the push that China is making to dethrone the dollar as a reserve currency. In a post published on Truth Social, Trump stated that if this comes to happen, it would be the biggest defeat in the history of the U.S. in the last 200 years. Donald...