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Nalezeno "The Currency": 4303

India and Russia to Enhance Trade With Rupee-Ruble Payments

16.8.2024
India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With...

Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada

16.8.2024
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put...

$2.3 Billion in Dollar, Euro Bills Shipped to Russia Despite Ban

14.8.2024
Despite Western restrictions imposed after Russia invaded Ukraine, billions of dollars and euros in banknotes have flowed into the country. This suggests that Russia has found ways to circumvent these restrictions. Despite official efforts to reduce reliance on foreign currency, Russian citizens...

Putin Signs Law to Regulate Crypto Mining in Russia

11.8.2024
Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations, limiting participation from entities associated with...

Elixir’s Yield-Bearing DEUSD Stablecoin Sees 12,071% Growth in 24 Hours 

8.8.2024
Yield-bearing stablecoins are gaining traction, with the modular DPoS network Elixir recently introducing a new stablecoin, DEUSD, that offers holders the opportunity to earn returns from the crypto asset. Since Aug. 7, DEUSD’s market value has grown from $952,443 to $115.92 million....

Following the Crypto Downturn, Market Observers Predict a 2020-Style Comeback

5.8.2024
Over the past 24 hours, as market values have declined significantly, many observers have begun discussing the current crypto market cycle and the potential for digital currency prices to recover. Data indicates that hundreds of billions of dollars have exited the crypto economy, but some believe...

Double-Digit Crypto Losses Sweep the Market—Over 60 Coins in Freefall

5.8.2024
Presently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum shedding 30% against the U.S. dollar. While these losses are notable, some digital currencies have fared even worse, with only a handful managing to buck the trend. Dozens...

Nigeria Acts to Stabilize Currency with Forex Auction

4.8.2024
The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the local currency. The CBN has called on authorized dealer banks to share their respective lists of outstanding forex demand by end users. Auction System Aims to Mitigate...

Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims

3.8.2024
The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision to float the birr and insisted that this move does not amount to the devaluation of the currency. Ahmed stated that the intention is to unify the official and parallel market exchange rates. Reports suggest that Ethiopia’s decision...

Iran Backs Russia on BRICS Single Currency Initiative

3.8.2024
Iran plans to support Russia’s initiatives on creating a BRICS single currency and expanding national currency payments within the bloc, according to Iran’s Ambassador to Moscow, Kazem Jalali. The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring the creation of a...

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