August 2022

On August 4, 2022, the Cuban state began buying foreign currencies from nationals and foreigners. On the 23rd of the same month, the official sale of dollars in cash to the population started, but not in freely convertible currency (FCC).…

From February 2022, Russia launched a “special military operation” by deploying military troops on Ukrainian territory. Beginning by shelling a few places in the east, north and south, the Russian army attacked Bakhmut in…

KARACHI: The US dollar fell to 220.12 Pakistani rupees (PKR) on Tuesday after the International Monetary Fund (IMF) approved the transfer of $1.1 billion to the country under the Extended Financing Facility (EFF) . The rupee…

South African entrepreneurs Errol Damelin and Jonty Hurwitz could not have foreseen the impact they would have when they set out to disrupt the 120-year-old payday loan market in 2006.Wonga's founders set up the company to serve…

This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe/Africa Where Americas edition to send it straight to your inbox every morning of the weekHello. Ukraine said it had launched a…

US Dollars and Ghanaian Cedi Mr. Kwadwo Bamba, a businessman and youth activist from the ruling New Patriotic Party (NPP), called for tough government measures to deal with the growing depreciation of the cedi. “It!-->!-->…

The new International Monetary Fund (IMF) report on regional economic outlook for sub-Saharan Africa presented recently indicates that Nigeria could spend 100% of its income on debt service by 2026. The country currently spends 89%!-->…

Decentralized finance, or DeFi, is a blockchain-based technology that aims to get rid of banks and other financial organizations as middlemen in all financial transactions. It is a relatively new subfield of blockchain technology. With…

…

On August 23, a municipal court in Ohio granted a defendant's motion for summary judgment in a case involving a payday loan. According to the order, the plaintiff's complaint alleged that the defendant, in April 2019, signed a line of…

ECONOMYNEXT - Several European countries have relaxed travel advisories issued for Sri Lanka effective Friday August 26, Tourism Minister Harin Fernando said. France, Switzerland, Norway and the UK have relaxed…

On July 12, 2022, the CFPB filed a lawsuit seeking a permanent injunction and other forms of relief against a major payday lender for unfair, deceptive, and abusive acts in violation of the CFPA. The CFPB alleges the payday lender…

The CFPB recently filed a lawsuit against a Texas-based payday lender in Texas federal court alleging that the lender engaged in unfair, deceptive, and abusive practices by concealing free repayment plan options from eligible borrowers…

In recent years, payment company Ripple has seen significant growth through its XRP-based On-Demand Liquidity (ODL) solution. Together with exchanges and other partners, the company has provided people around…

…

The Plaza Hotel in New York, in financial circles, is best known for when the finance ministers of France, Japan, the United Kingdom, the United States and West Germany met met in 1985 to suspend the free float of the US dollar.…

An IT specialist working for a medical institution in Russia's Altai Republic has been arrested for illegally mining cryptocurrency on the premises of a Covid-19 hospital. The man minted digital currencies using stolen electricity for…

Dynamics of exchange rates with a strong dollar. Getty Images A strong dollar is ideal for businesses that import products or parts and a strong dollar is good for the international traveler. However, the negative…

Bangladesh should reduce its overreliance on the U.S. dollar and increase the use of other currencies such as the Chinese renminbi (RMB) in international trade to ease pressure on the foreign exchange market, the companies said. .…

European Central Bank (ECB) officials have reiterated their support for central bank digital currencies (CBDCs) in the latest installment of its working paper series. ECB researchers have found that among all other alternatives, CBDCs are…

The gaming industry has grown considerably in recent years. However, providing players around the world with an easy way to pay has proven to be one of the main issues that still needs to be addressed. Fortunately, a…

By Adedapo Adesanya Oil prices ended in the positive zone on Friday but saw a weekly decline on a stronger US dollar and fears that an economic slowdown would weaken demand for crude. Brent crude futures gained 13 cents to…

This is an opinion editorial by Macro Jack, a Bitcoiner with a background in traditional financial services spanning investment research, investor relations, and business development.Environment, Social and Governance (ESG) is an approach…

In East and West Africa, the belligerence of the Muslims of Al-Shabaab and Jamaat al-Nusrat al-Islam -wol- under the aegis of Al-Qaeda has intensified at a time when Al-Qaeda has yet to name a new leader after the murder of…

Earlier this year, Chamber VIII of the National Labor Court declared, in the case “Incidente de Recurso de Queja, Espinoza, Cristian Omar c. Club Atlético Huracan s. despite s. incidente de recurso de queja", that if an employee's wages…

The presidential panel that probed Ibrahim Magu said the compromised cases under the watch of the former acting chairman of the Economic and Financial Crimes Commission (EFCC) were estimated at 333 billion naira, $2 billion…

By Katryna Perera (August 18, 2022, 5:03 p.m. EDT) – An Illinois resident filed a class action lawsuit Wednesday against a California-based loan company, accusing it of abusing tribal immunity to charge up to 800% interest rate on…

Lingang has undergone tremendous transformation in the past three years since the establishment of the Special Zone of China (Shanghai) Pilot Free Trade Zone.This is…

What types of personal loans does Bank of America Balance Assist offer?Bank of America offers Balance Assist to help Bank of America customers manage their short-term cash needs at a lower cost. Customers who meet the bank's criteria can…

By Gina Kim (August 17, 2022, 3:25 p.m. EDT) — A federal judge in Virginia on Tuesday awarded $8.2 million in attorney fees to attorneys for borrowers who sued the owners of a former payday lender who faced allegations that he used…

The Reserve Bank of India (RBI) creates a new set of arrangements to enable businesses to settle foreign trade in rupees. This means that, to use an obvious example, Russian and Indian organizations can exchange goods and services…

OKEO, a provider of digital payment services for European entrepreneurs and businesses, has announced its successful go-live on leading cloud banking platform, Mambu. OKEO helps its customers save time and money by giving…

One of the nation's largest "clean energy" residential lenders suspended loans to homeowners in Missouri, citing economic conditions and a new state law that required more consumer protection and oversight. California-based Ygrene Energy…

Last week, the Commodity Futures Trading Commission (CFTC) ordered gaming site PredictIt to cease operations for failing to follow guidelines. BeCrypto has collected some of the most important stories from the crypto industry in recent…

According to the United Nations, between 800 and 2,000 billion dollars are laundered each year in the world, which represents 2 to 5% of the world's gross domestic product. Of this number, more than 90% are not detected. The exact volume…

Let's say this without euphemisms: Inflation is a deadly disease, But not only because it reduces the purchasing power of workers and plunges the most vulnerable into poverty, but above all because disrupts the functioning of the value…

…

The African Union defines “youth” as a person between the ages of 15 and 35. With 70% of sub-Saharan Africa's population under the age of 30, Africa has the youngest population in the world. With such a thriving young workforce, the…

The United Nations trade and development body, UNCTAD, called for action to tackle cryptocurrencies in developing countries, in three policy briefs released on Wednesday. Although private digital currencies have rewarded…

OpenNode in partnership with Launch Cart launched a new Bitcoin payment service on Lightning Network dedicated to e-commerce businesses. Bitcoin and Lightning Network for e-commerce: the new service from OpenNode and Launch Cart…

guest author Launch of MetaCryp (MTCR) to solve the main bottlenecks of the metaverse segment Due to the decline in the overall cryptocurrency market, investors' portfolios have contracted and depreciated. While experts claim that…

Written by Silvia Marchetti, CNNThe village of San Casciano dei Bagni, in the lush Sienese countryside of Tuscany, is widely regarded as one of Italy's premier spa destinations, a place where open-air spa enthusiasts and thermal pilgrims…

The Reserve Bank of India (RBI) has launched measures to promote the rupee as the preferred currency for international trade settlement which will boost exports, Finance Minister Nirmala Sitharaman said on Monday. On July 11, the central…

Mining grades in the Province of Newfoundland and Labrador are governed by the Minerals Act, SNL 1990 c. M-12 (the "Minerals ActBelow is a summary of the main aspects of mining land tenure in Newfoundland and Labrador including issuance…

The Philippines' gross international reserves (GIR) fell for the fifth consecutive month and fell below $100 billion to $98.8 billion at the end of July, but seasonally high inflows of Filipino workers to Overseas (OFW) as well as the…

The Reserve Bank of India's decision to raise the repo rate by 50 basis points, just a month after announcing a 90 basis point hike in the last two reviews, is expected to impact the sector real estate and those paying EMI or looking for…

JThere was a time when being sent straight to video was just about the most dastardly fate a future movie blockbuster could suffer: the vision of its creators confined to the dimensions of a television screen, only ever able to be enjoyed…

On Aug. 5, Hong Kong's central bank bought the largest amount of its currency in one day since May 12 — HK$14.161 billion (about $1.80 billion) — to keep it from weakening. further and break its peg to the US dollar. On July 28, after the…

Zimbabwe has seen strong demand for the gold coins it issued to fight inflation by providing the people with an alternative to the US dollar and giving the country's currency a store of value.After the program began on July 25, the…

Cigno is exactly the kind of company the Australian Securities and Investments Commission had in mind when it called for stronger powers to ban the sale of harmful financial products. Cigno offers short-term loans (commonly called…

Comment this storyCommentThe battle for Asia's preeminent financial institution will be fought with the Federal Reserve supplying ammunition to both sides. How much each can profit from US monetary tightening could ultimately decide…

Cryptocurrency lender Celsius, which declared bankruptcy last month, dropped a demand to pay a former executive $93,000 a month while it pursues legal proceedings.Celsius filed for bankruptcy in July with about $167 million in cash…

By Subrata MajumderThe RBI's decision to allow the convertible rupee for export and import is a precursor to making the rupee an international currency. Although convertibility is limited to the!-->!-->!-->!-->…

Galoy, the open-source platform that powers El Salvador's Bitcoin Beach Wallet, has announced the launch of a new synthetic stablecoin pegged to the dollar. New stablecoin issued by El Salvador coming soon The new stablecoin will…

DUBLIN--(BUSINESS WIRE)--The "Strategic asset allocation and portfolio management" training has been added to from ResearchAndMarkets.com offer. This hands-on 2-day course will review developments and best practices within the…

Continued inflows of foreign funds into capital markets, lower crude oil prices and weak US dollar in global markets are boosting the local currency Continued inflows of foreign funds into capital markets, lower crude oil prices and…

difference of wholesale inflation, As measured by INDEC, it was 1843% since the end of 2001, not counting the months of November and December 2015, for which no information has been published. The rest includes the inflation that…

LIBOR has served as the globally accepted benchmark interest rate for financial markets for over 40 years. Published in five currencies and seven maturities, it included daily estimates of unsecured market borrowing costs provided by a…

Identifying Nigeria's problems without mentioning corruption is corruption itself. Corruption issues have been a major element in winning and losing elections in this country. The promise to root out corruption…