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Gilbert M. Mills

Local currencies

Good sales performance in Q3 impacted by an exceptional surge in energy prices

Gilbert M. Mills Nov 23, 2022
Rockwool A/SReview of the first nine months of 2022for ROCKWOOL A/SLiberation no. 13 – 2022at Nasdaq CopenhagenNovember 23, 2022Good sales performance in Q3 impacted by an exceptional surge in energy prices Strong pointsSales in the first…
Currency convertibility

CEMAC: a symposium proposes an “in-depth” reform of the CFA franc

Gilbert M. Mills Nov 22, 2022
(Business in Cameroon) - The reform of the CFA franc demanded since 2019 concerns the current mechanisms of monetary cooperation with France. On November 17 and 18, a symposium was held in Libreville, Gabon, on the theme “Money and…
Alternative currencies

Nigeria: Buhari to unveil new naira banknotes on Wednesday

Gilbert M. Mills Nov 22, 2022
Unless the plans change at the last minute, the unveiling of the new notes will precede the weekly cabinet meeting at the State House in Abuja. President Muhammadu Buhari is due to officially unveil the new naira banknotes on Wednesday,…
Modern currencies

Launched QR payment link project in Vietnam and Thailand

Gilbert M. Mills Nov 22, 2022
Vietnam and Thailand officially launched the QR payment linkage project, chaired by SE Nguyen Xuan Phucthe President of the Socialist Republic of Vietnam, as well as Arkhom Termpittayapaisiththe Minister of Finance of Thailand.It came after…
Local currencies

Myanmar wants to expand its G2G trade basket with India

Gilbert M. Mills Nov 21, 2022
KolkataA: Myanmar is committed to strengthening bilateral ties and wants to expand the G2G trade basket to include more agri-food items such as green mung beans, a minister from the Southeast Asian country has said. The…
Modern currencies

Vitalik Buterin, Coinbase, Kraken, Binance Promote Trustless CEX

Gilbert M. Mills Nov 19, 2022
The collapse of FTX has severely eroded user trust in centralized crypto exchanges. Most investors have finally realized the importance of owning the keys to their digital assets and have moved record volumes of tokens from exchanges to…
Local currencies

FSC warns of the risks of investing in digital currencies

Gilbert M. Mills Nov 17, 2022
By Kao Shih-ching / Staff Reporter The Financial…
Alternative currencies

FTX Scandal Gives Cryptophilanthropy a Black Eye, But Nonprofits Raising Digital Money Stay the…

Gilbert M. Mills Nov 16, 2022
Charities favored by cryptophilanthropists are weighing the fallout from a scandal that heightens skepticism about the marriage of alt-currency and charitable donations.FTX — a high-profile cryptocurrency exchange, thanks…
Currency convertibility

Our currency (US dollar), the problem of the world

Gilbert M. Mills Nov 16, 2022
The Bank of England bails out British pension funds. The Bank of Japan uses excessive monetary policy to protect its currency and cap interest rates. China encourages its banks to buy stocks. The dollar, the global currency, is…
Modern currencies

Chinese firm wants 35% share in foreign currency

Gilbert M. Mills Nov 15, 2022
A Chinese company has tagged the terms of the agreement to operate the Karnaphuli tunnel worth around Tk 983.82 crore,…
Forex exchange market

Ask a mortgage broker: Should we go with a non-bank lender?

Gilbert M. Mills Nov 15, 2022
Glen McLeod is director of Edge Mortgages. It will answer readers' questions about home loans, whether you're a newbie just entering the market or someone who already has a loan and is wondering how best to handle it. If you have a…
Local currencies

Five ASEAN central banks sign MOU on regional cross-border payments

Gilbert M. Mills Nov 14, 2022
Add quote and background…
Alternative currencies

How Digital Currencies Are Catching Global Attention

Gilbert M. Mills Nov 13, 2022
Central banks around the world realized they had to provide an alternative to the growing popularity of cryptocurrencies and stablecoins or let the future of money slip away. Central bank digital currencies (CBDCs) are safer and less…
Modern currencies

Grand Theft Auto 6’s brand of humor is perfect for poking fun at crypto and the metaverse

Gilbert M. Mills Nov 12, 2022
The next Grand Automatic Flight 6 can be considered one of the most anticipated titles in the history of the video game industry. With the massive and commendable longevity of its predecessor, many assume that the scale and ambition of…
Currency convertibility

Higher import duties likely on Russian goods after ITA ruling

Gilbert M. Mills Nov 12, 2022
The International Trade Administration announced on November 10 that after 20 years it was revoking Russia's market economy status for the purposes of the ITA's anti-dumping proceedings, a decision that will likely result…
Local currencies

Dollar crashes in N730 parallel market

Gilbert M. Mills Nov 11, 2022
JThe naira, which has been falling against major currencies over the past two weeks, rallied, posting gains in the parallel market as it traded at around 730 naira to the dollar on Thursday. Recall that the Nigerian currency hit an all-time…
Alternative currencies

Recurring theme of hotel distribution in technology-focused sessions on the opening day of WTM…

Gilbert M. Mills Nov 10, 2022
Startups, futurists, brands and tech providers presented their own insights into the current landscape of hotels and alternative accommodation on WTM London's opening day.Hotel distribution was a recurring theme in technology-focused…
Modern currencies

Some central banks have abandoned the digital currency race

Gilbert M. Mills Nov 9, 2022
As countries around the world rush to launch a central bank digital currency (CBDC)some jurisdictions have slowed down or dropped out of racing altogether.While many observers pushed a narrative of urgency around CBDCs, some countries…
Local currencies

KOPIN CORP Management’s Discussion and Analysis of Financial Condition and Results of…

Gilbert M. Mills Nov 8, 2022
Forward-looking statements This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities…
Alternative currencies

The digital world soars 66% after former President Donald Trump teased a 2024 election campaign at…

Gilbert M. Mills Nov 7, 2022
…
Local currencies

Sony’s PlayStation 5 game console is getting more expensive in India

Gilbert M. Mills Nov 6, 2022
Sony raised the price of the PlayStation 5 in India in response to international currency fluctuations and inflation. The price increase applies to both disc and digital versions of the current generation console. The price increase is…
Alternative currencies

VONTIER CORP MANAGEMENT REPORT OF FINANCIAL POSITION AND RESULTS OF OPERATIONS (Form 10-Q)

Gilbert M. Mills Nov 4, 2022
This Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") is designed to provide a reader of our financial statements with a narrative from the perspective of management and is intended to…
Currency convertibility

S&P downgrades SL bonds to ‘D’ after missed payments

Gilbert M. Mills Nov 4, 2022
Rating agency S&P yesterday downgraded several Sri Lankan bonds from "D" to "CC" after missed payments, while confirming its long-term "SD" and short-term "SD" sovereign currency ratings.“At the same time, we confirmed our…
Modern currencies

Explanation-North Korea is developing ICBMs. What are they?

Gilbert M. Mills Nov 4, 2022
Here are some characteristics of North Korea's ICBMs and ICBM arsenal. WHAT IS ICBMS? ICBMs are ballistic missiles with a minimum range of about 5,500 kilometers (3,400 miles), primarily designed for the…
Forex exchange market

Digital lender Yabx enters the Nigerian market

Gilbert M. Mills Nov 3, 2022
Plans to introduce new era fintech solutions around digital lending in the country; Will help banks launch new innovative products for new credit segments such as Buy Now Pay Later, personal loans, payday loans, MSME loans, etc.…
Local currencies

IToroStocks Review – Discover Social Trading

Gilbert M. Mills Nov 3, 2022
FAST FACTSMinimum account: $50Trading instruments: stocks, forex, crypto, ETFs and commoditiesFees and Commission – Low CFD and forex fees, free ETFs and stock trading Overview of iToroStocksiToroStocks is a social trading platform that…
Currency convertibility

New Zealand Forecast | Will the New Zealand dollar strengthen?

Gilbert M. Mills Nov 2, 2022
The NZD rebounded from a more than two-year low in October 2022. Photo: Jamie Farrant/Shutterstock The New Zealand dollar (NZD) has seen a resurgence since falling to a more than two-and-a-half-year low against the US dollar (USD) in…
Alternative currencies

Ship recycling: lack of tonnage is a major problem

Gilbert M. Mills Nov 1, 2022
A the lack of available tonnage continued to hamper demolition activities throughout the Southeast Asian region. In its latest weekly report, ship broker Clarkson Platou Hellas said that “with Diwali celebrations in full swing this week,…
Modern currencies

Start time, price, progress between games, and more

Gilbert M. Mills Nov 1, 2022
With the modern warfare 2 multiplayer now live after the shooter's official release, fans of the franchise are curious when the first Battle Pass will go live. Luckily, the community won't have to wait too long as Activision has announced…
Local currencies

Depreciation of the Cedi: 5 things Akufo-Addo is doing to strengthen the local currency against the…

Gilbert M. Mills Oct 30, 2022
The president announced a series of strategies to prevent the cedi from rapidly falling against the dollar and other trading currenciesThe president said during his national address on the economy that there are firm plans to…
Currency convertibility

Strengthening of the inr: total convertibility of the capital account and gods on banknotes

Gilbert M. Mills Oct 30, 2022
miniThe RBI injected up to $114 billion to support the INR, but it didn't help much. The RBI Deputy Governor argued for capital account convertibility or the “freedom to convert local financial assets into foreign financial assets and vice…
Alternative currencies

More than half of Family Offices surveyed in these 2 countries have invested in crypto

Gilbert M. Mills Oct 29, 2022
A joint study conducted by KPMG China and Aspen Digital estimated that 58% of family offices and high net worth individuals (HNWIs) in Hong Kong and Singapore have distributed some of their wealth in cryptocurrencies. At…
Local currencies

Booming Macs and shrinking services aren’t all they’re made out to be

Gilbert M. Mills Oct 28, 2022
On Thursday, Apple announced its fiscal fourth quarter results, and the results were predictable - another record quarter. But of course, Wall Street had already anticipated all of this and decided that much of Apple's growth was not as…
Currency convertibility

Does the future of money belong to Bitcoin, CBDCs or stablecoins?

Gilbert M. Mills Oct 27, 2022
Money, one of mankind's most important and enduring creations, is once again on the brink of a historic transformation. After evolving over the millennia from cowrie shells to clay tablets to precious metals to paper notes and bank…
Alternative currencies

Female-headed households spend less and save more in Kerala

Gilbert M. Mills Oct 27, 2022
The deep political crisis in relations between Russia and the West after February 2022 has led to large-scale changes in the application of economic sanctions. There was a significant increase in the speed, focus and scope…
Modern currencies

What can players expect from Modern Warfare 2 Season 1?

Gilbert M. Mills Oct 26, 2022
Call of Duty: Modern Warfare 2 Season 1 will bring a lot of content for Multiplayer and Special Ops. It will also include Warzone 2.0, Raids, and a new DMZ mode. Modern Warfare 2's first season is set to launch on Wednesday, November 16,…
Local currencies

Game changer: get a single view of your international forex positions

Gilbert M. Mills Oct 25, 2022
Companies operating in multiple jurisdictions must hold multiple bank accounts and trade in different currencies – a complex and difficult situation for corporate treasurers trying to get a single, consolidated view of the company's…
Currency convertibility

What else can central banks in emerging markets do to protect their currencies? – Individual…

Gilbert M. Mills Oct 25, 2022
Emerging market (EM) central banks are becoming increasingly sensitive to currency depreciation and several of them have sold a significant portion of their foreign exchange (FX) reserves to slow the pace of decline. Most emerging markets…
Alternative currencies

Cryptoverse: The British Pound Fiasco Boosts the Appeal of Bitcoin Hedging

Gilbert M. Mills Oct 25, 2022
Oct 25 (Reuters) - As a developed country, you know your currency is in trouble when investors start hedging with bitcoin.After brief British Prime Minister Liz Truss unveiled her mini-budget on September 23, filling financial markets with…
Modern currencies

AI on the stock market: is it better than humans?

Gilbert M. Mills Oct 24, 2022
Is the era of frantic stockbrokers on Wall Street over? Will millennials and Gen Z rack up stock market gains by another means — maybe even AI?There are already AI resources in the stock market. Robo-advisors manage portfolios like…
Alternative currencies

What is XRP and what is Ripple?

Gilbert M. Mills Oct 22, 2022
XRP is a cryptocurrency that powers real-time gross settlements on the XRP Ledger (XRPL) blockchain. Developers David Schwartz, Arthur Britto, and Mt. Gox founder Jed McCaleb began developing distributed ledger in 2011 to improve…
Modern currencies

Role of bitcoin in travel and tourism

Gilbert M. Mills Oct 21, 2022
There is no doubt that the future will be driven by cryptocurrencies and other modern technologies. But we are far from giving bitcoin legal tender in our country. This is because the government does not have a positive view of…
Local currencies

Asian buyers snap up cheap gold

Gilbert M. Mills Oct 20, 2022
As Bloomberg described it, many Western investors – especially at the institutional level – are getting rid of bullion. Meanwhile, Asian shoppers are taking advantage of lower prices to source cheaper jewelry, coinsand…
Alternative currencies

CORRECT and REPLACE First Trust Advisors LP Announces Portfolio Manager Update for First Trust High…

Gilbert M. Mills Oct 19, 2022
WHEATON, Ill., October 19, 2022--(BUSINESS WIRE)--The third paragraph, third sentence of the release should read as follows: FTA has collective assets under management or supervision of approximately $178 billion as of September 30, 2022…
Modern currencies

What is Cryptocurrency? – The Defiant

Gilbert M. Mills Oct 19, 2022
The 21st century has arguably changed course with the advent of blockchain technology. One of its main features, of course, is cryptocurrency, the digital currency powered by blockchain's peer-to-peer (P2P) mechanics.Thirteen years after…
Local currencies

‘Bad situation’: Soaring US dollar hurts the world

Gilbert M. Mills Oct 18, 2022
The cost of living in Cairo has risen so much that security guard Mustafa Gamal had to send his wife and one-year-old daughter to live with her parents in a village 70 miles south of the Egyptian capital to save money.…
Modern currencies

ONA Kinrakuen questions the morality of money in the modern world

Gilbert M. Mills Oct 16, 2022
The Kinrakuen (金楽園) is an independent computer-animated short film by Daisuke Hagiwara. The five-minute film explores the meaning of money in modern society and its impact on people. Through a series of moving images and a hypnotic…
Local currencies

Rupee Not Slipping, Dollar Relentlessly Strengthening: Nirmala Sitharaman on the Value of the Indian…

Gilbert M. Mills Oct 16, 2022
Union Finance Minister Nirmala Sitharaman said the Indian rupee was not slipping but the US dollar was steadily strengthening and the Reserve Bank of India (RBI) was doing its best to contain the fall in the currency. rupee.New Delhi !-->…
Alternative currencies

Shenzhen leads China in cross-border use of CBDCs: report

Gilbert M. Mills Oct 15, 2022
New data shows that Shenzhen is the first Chinese city using central bank digital currencies (CBDC). Businesses in coastal cities are turning to CBDCs to improve cross-border transactions by reducing costs and speeding up transaction…
Modern currencies

What we’re watching: Digital cash experiences in India, Togo and El Salvador

Gilbert M. Mills Oct 14, 2022
The advent of digital IDsIn poor countries, many are born without birth certificates or identity documents, a problem that prevents them from participating in modern society because they cannot prove who they are. Undocumented people…
Currency convertibility

Brazil: Tight runoff for presidential elections amid high inflation and fiscal policy issues

Gilbert M. Mills Oct 14, 2022
Crédito y Caución (Atradius) | On October 2, general elections were held in Brazil to elect all the seats in the lower house of Congress, one-third of the seats in the Senate, the 27 state governors and the president. The…
Forex exchange market

Predatory payday lenders put on notice

Gilbert M. Mills Oct 14, 2022
Consumer groups are calling on Parliament to pass changes to payday loans that will prevent vulnerable people from going deep into debt. Payday lenders offer!-->…
Local currencies

Singapore tightens monetary policy amid inflation fears

Gilbert M. Mills Oct 14, 2022
(Bloomberg) - Singapore's central bank has tightened monetary policy settings as stronger-than-expected domestic economic growth has allowed policymakers to continue to battle inflationary pressures.Bloomberg's Most ReadThe Monetary…
Currency convertibility

The global dominance of the US dollar faces a big threat

Gilbert M. Mills Oct 13, 2022
The story began in…
Modern currencies

Massive SD Gundam Battle Alliance Nerfs Mobile Armor Boss Patch, Increase In-Game Currency Drop

Gilbert M. Mills Oct 12, 2022
The most comprehensive update to date for SD Gundam Battle Alliance is now available on PS5 and PS4. Patch 1.030 introduces a huge list of adjustments - a list that, frankly, is too long to post here. However, we will go…
Alternative currencies

“Gold coins mopped up $10 billion” -Newsday Zimbabwe

Gilbert M. Mills Oct 10, 2022
Gold coin The GOVERNMENT claims that gold coins introduced in July this year!--!-->…
Currency convertibility

More Global Forex Turmoil Ahead – Analysis – Eurasia Review

Gilbert M. Mills Oct 9, 2022
As if the global economy needed another crisis trigger, global currency markets are in historic turmoil. Over time, it cannot be contained without a more diversified global reserve currency system. According to Bloomberg, global foreign…
Alternative currencies

Chinese yuan becomes the most traded foreign currency in the Russian market

Gilbert M. Mills Oct 8, 2022
Trading in the yuan-ruble pair surged as Russia struggles under the weight of Western sanctions.…
Modern currencies

Unprecedented shocks rock South Asia, exacerbating challenges and dampening growth

Gilbert M. Mills Oct 8, 2022
Anna, Bjerde, World Bank Vice President for Europe and Central Asia, visited Uzbekistan from September 29 to October 2, 2022, as part of a wider trip to Central Asia. Ms Bjerde met with President Shavkat Mirziyoyev, as well…
Local currencies

Millions pushed into poverty by the pandemic, soaring prices and recession

Gilbert M. Mills Oct 7, 2022
The World Bank's Global Poverty Growth Report released earlier this week presents a graphic picture of the devastating impact of the COVID-19 pandemic on hundreds of millions of people in the world's poorest countries. world, currently…
Currency convertibility

Moody’s downgrades Pakistan from B3 to Caa1

Gilbert M. Mills Oct 6, 2022
SINGAPORE (Reuters) - Moody's Investors Service on Thursday downgraded the rating of the Pakistani government's local and foreign currency issuer and that of senior unsecured debt from B3 to Caa1. The global rating agency also…
Alternative currencies

What are crypto games and how do they work? – Jammu Kashmir Latest News | Tourism

Gilbert M. Mills Oct 6, 2022
There is a new phenomenon that is gaining popularity among gamers. However, it is still not easy to understand exactly what someone means when referring to crypto games. It is a broad term that can!-->!-->!-->!-->…
Modern currencies

Dubai PropTech Startup Stella Stays Partners with Tameer to Enter Egypt

Gilbert M. Mills Oct 5, 2022
Stella Stays, a Dubai-based PropTech startup, has partnered with Cairo-based real estate company Tameer to facilitate its expansion into the Egyptian market, the most populous economy in the Arab world.The agreement, signed last month,…
Forex exchange market

Dayton-based payday lender continues to put customers in debt

Gilbert M. Mills Oct 4, 2022
The term “payday loan” generally refers to small, short-term loans, usually given to poorer people with limited access to traditional credit. They are reimbursed automatically on the next paycheck and often cost hundreds of percentage…
Local currencies

Moody’s downgrades Ghana’s economy and puts it under scrutiny

Gilbert M. Mills Oct 4, 2022
(Ecofin Agency) - Ghana's debt could increase by 26% to 104% of GDP this year - due in particular to a sharp depreciation of the Cedi, which is currently one of the worst performing currencies in the world. In addition, there are news…
Currency convertibility

India’s inclusion in global indices faces further delays | india, jp morgan, bond index,…

Gilbert M. Mills Oct 3, 2022
The long-awaited inclusion of Indian debt in the JP Morgan Government Bond Index Emerging Markets (GBI-EM) is further delayed. Originally slated to be announced in September, it's unlikely to be confirmed until the new…
Alternative currencies

Weekly Economic Index: African Central Banks Hike Interest Rates

Gilbert M. Mills Oct 3, 2022
Like their counterparts in advanced economies, monetary policymakers in Sub-Saharan Africa have become more aggressive on interest rates. On Tuesday, September 27, 2022, the Central Bank of Nigeria (CBN) raised the country's benchmark…
Local currencies

Elevated Chat on Twitch | How much will it cost you to elevate your message?

Gilbert M. Mills Sep 30, 2022
Twitch yesterday unveiled a new experience that will allow streamers to further monetize broadcasts with "Elevated Chat" messages. For a scalable price, viewers can give their message special treatment, making it easier for streamers and…
Forex exchange market

Did Rubio allow his payday lender dad to buy off federal judges?

Gilbert M. Mills Sep 30, 2022
Marco Rubio is a politician who likes to quote Bible verses to distract the public from his un-Christian aggression against people he doesn't like, whom he has never met and who have done him no harm. As a self-proclaimed…
Modern currencies

Why the soaring dollar raises questions—and doubts–about a Plaza Accord-style…

Gilbert M. Mills Sep 29, 2022
The historic U.S. dollar rally is rattling investors and policymakers, raising questions, as well as doubts, about a 1985 Plaza Accord-style intervention. The combination of persistent inflation and…
Currency convertibility

Meta introduces cross-posting and NFT sharing on Instagram

Gilbert M. Mills Sep 29, 2022
Meta, the parent company of Facebook and Instagram, has announced a new development in its digital arts initiative. As of September 29, all users of both platforms can connect wallets and share non-fungible tokens (NFTs) in 100 countries.…
Modern currencies

The US CBDC Narrative Is A Fantasy CryptoBlog

Gilbert M. Mills Sep 28, 2022
This is an opinion piece by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. Since the recent White House report on Bitcoin and cryptocurrencies, the discussion around a US central bank digital…
Local currencies

Multiplier Named a Leader in G2’s Fall 2022 Grid® Report and #1 in Multiple Categories

Gilbert M. Mills Sep 27, 2022
SINGAPORE, September 27, 2022 /PRNewswire/ -- Multiplier, a leading global employment platform, today announced that it has been named a Leader in G2's Fall 2022 Grid® Report for Multi-Country Payroll Software. This honor goes hand in…
Currency convertibility

Steve Forbes says Biden administration ignores ‘real cure’ for inflation

Gilbert M. Mills Sep 26, 2022
Steve Forbes, president and editor of Forbes magazine, claimed that the Biden administration and the Federal Reserve are ignoring the "real cure" of inflation and instead focusing their attention on raising interest rates. Forbes made the…
Alternative currencies

Investors Seize XRP at Scale as Legal Dispute with SEC Reaches Potential Resolution

Gilbert M. Mills Sep 26, 2022
Luno, a digital currency exchange that offers its customers a technology platform to store and exchange cryptocurrencies, has expanded its crypto offerings by adding two new digital currencies Solana (SOL) and Cardano (ADA) to its…
Modern currencies

10 Worst Things About Westerosi Medical Treatment

Gilbert M. Mills Sep 25, 2022
Living in Westeros is tough. Assuming constant war and poverty didn't kill anyone, disease certainly will. Based heavily on medieval Europe, game of thrones showed viewers that Westeros and the surrounding lands have several…
Local currencies

Nigerian workers for long suffering

Gilbert M. Mills Sep 24, 2022
By Omoniyi Salaudeen and Daniel KanouWhether the bleak prognosis on the current state of the Nigerian economy as articulated by some economic experts is something to say, the vulnerable segment of society that finds solace in the popular…
Currency convertibility

Moody’s confirms Taiwan’s ‘Aa3’ rating, changes outlook to…

Gilbert M. Mills Sep 24, 2022
Taipei, Sept. 24 (CNA) Moody's Investors Services, a leading international rating agency, confirmed the Taiwanese government's "Aa3" rating, while changing its outlook from "stable" to "positive."Moody's said the Aa3 long-term rating…
Forex exchange market

Payday lender Cash Express reports data breach affecting 100,000 customers

Gilbert M. Mills Sep 23, 2022
Non-bank lending company Cash Express this month reported to the Montana Attorney General a data breach that allowed an unauthorized party to access sensitive consumer information of more than 100,000 people.The company, which provides…
Modern currencies

Pentagon launches effort to assess crypto’s threat to national security

Gilbert M. Mills Sep 23, 2022
The Army's Office of Innovation is launching an in-depth review of cryptocurrencies to assess the threats to national security and law enforcement posed by the rise of digital assets.The Defense Advanced Research Projects Agency — better…
Local currencies

Nigeria: Falling naira value hurts Nigerian economy, analyst says

Gilbert M. Mills Sep 22, 2022
The alarming exchange rate has been described as a major challenge affecting the Nigerian economy which has caused untold hardship for Nigerians. A trade analyst, Mr. My-Ace China, who spoke on the shrinking economy of the country, noted…
Currency convertibility

The International Monetary System Is About To Collapse… Here’s What Comes Next

Gilbert M. Mills Sep 21, 2022
"It is possible to have more than one reserve currency." These are the recent words of Jerome Powell, the chairman of the Federal Reserve. It was a stunning admission from the person with the most control over the US dollar, the…
Alternative currencies

Who uses Cardano Blockchain and why?

Gilbert M. Mills Sep 21, 2022
Cardano is a third-generation blockchain that was developed in 2017 as an alternative to Ethereum, aiming to fix all of Ethereum's flaws and create a better, faster, and easier-to-use blockchain. Reality is changing so fast in the…
Forex exchange market

10th Circuit: Payday lender must pay $38.4 million restitution order

Gilbert M. Mills Sep 21, 2022
On September 15, the United States Court of Appeals for the Tenth Circuit upheld the CFPB's administrative decision against a Delaware-based online payday lender and its founder and CEO (respondents/petitioners) regarding an enforcement…
Local currencies

Indonesia to toughen rules for crypto exchanges and provide more local control

Gilbert M. Mills Sep 20, 2022
People walk past advertising screens showing a 'Zipmex' crypto exchange platform in Bangkok, Thailand, July 27, 2022. REUTERS/Athit PerawongmethaJoin now for FREE unlimited access to Reuters.comRegisterJAKARTA, Sept 20 (Reuters) -…
Alternative currencies

Data suggests the crypto market may be approaching the next altcoin season

Gilbert M. Mills Sep 19, 2022
Amid the ongoing crypto winter, most investors are looking for indicators and patterns to guide their entry and exit from the market while trying to maximize profits. One of the patterns being watched is altcoin season for…
Currency convertibility

What is the future of cryptocurrencies?

Gilbert M. Mills Sep 19, 2022
With the decline in value of the most popular cryptocurrency, Bitcoin, its proponents are discouraged. But crypto is here to stay as regulation and taxation likely arrive. A sign for a Chivo Bitcoin ATM on the first anniversary of the…
Modern currencies

IBS, once an air pollutant, becomes a source of foreign currency

Gilbert M. Mills Sep 19, 2022
IBS, once an air pollutant, becomes a source of foreign currency NAZIMUDDIN SHYAMOL | Published: September 19, 2022 10:08:45 CHATTOGRAM: Industrial black fumes - air mixed with carbon and zinc, once known as environmental…
Local currencies

APBF wants strong measures as rupiah volatility continues despite IMF lending program

Gilbert M. Mills Sep 18, 2022
DNA ISLAMABAD: The All Pakistan Business Forum (APBF) on Sunday called for bold and effective action as the rupee continues to follow a volatile trend in the trading process against the dollar and other major!-->!-->…
Alternative currencies

Russia uses ruble and Egyptian pound settlement in trade with Egypt

Gilbert M. Mills Sep 17, 2022
A combined image of half a hundred rubles and an Egyptian pound. In an interview with Sada El-Balad TV on Thursday, Borisenko explained that Russia uses a similar local currency settlement mechanism in its trade with China – the Russian…
Modern currencies

Ceiling of Russian oil prices: the mechanism and its consequences

Gilbert M. Mills Sep 17, 2022
One of the perplexing things right now is that there is no clarity on how life will be lived in the coming year from an economic perspective. In 2023, the Indonesian Finance Minister and the Indonesian President declared…
Currency convertibility

International trade can now be settled in rupees as Center changes policy

Gilbert M. Mills Sep 17, 2022
International trade can now be settled in rupees as government changes policyAfter months of deliberation, the Center finally made an amendment to its foreign trade policy to facilitate international trade in the rupee.The Directorate…
Local currencies

US Dollar closes well above NT$31 on Fed expectations

Gilbert M. Mills Sep 16, 2022
Taipei, Sep 16 (CNA) The U.S. dollar continued its momentum against the Taiwanese dollar on Friday, hitting a more than three-year high against the local currency, on expectations that the U.S. Federal Reserve will continue to aggressively…
Forex exchange market

How to find a trustworthy and legit payday lender

Gilbert M. Mills Sep 15, 2022
Short-term loans, also called payday loans are loans meant to help you make ends meet between paychecks. They are for smaller amounts needed, especially to cover emergency costs such as repairs that cannot wait to be paid for…
Modern currencies

Western sanctions against Russia – Investments in Asia

Gilbert M. Mills Sep 14, 2022
Modern economic challenges open unlimited development horizons for Africa, the Middle East, Asia and Latin America, where Russia will be the architect of the new world order. Western sanctions against Russia - Investments in Asia The…
Local currencies

The fall in foreign exchange reserves heralds the Asian financial crisis 2.0

Gilbert M. Mills Sep 14, 2022
TOKYO — Few stories scare Asia more than rumors of trouble in Thailand — even more so when foreign exchange reserves are involved. It was the devaluation of Bangkok in July 1997 that triggered the Asian financial crisis. As…
Forex exchange market

First-Ever False Claims Act Settlement Received From Paycheck Protection Program Lender | USAO-SDTX

Gilbert M. Mills Sep 13, 2022
HOUSTON — Prosperity Bank has agreed to pay $18,673.50 to resolve allegations that it mishandled a Paycheck Protection Program (PPP) loan on behalf of an ineligible client, the U.S. attorney has announced. Jennifer B. Lowery. Prosperity…
Currency convertibility

Foreign investment to revive Cuban trade: is it really the case now?

Gilbert M. Mills Sep 13, 2022
Given the shortage of supply in the wholesale and retail trade, the Cuban government resorted - also belatedly - to foreign investment in this area, after having categorically stated that this would not be allowed. The pragmatic thing is…
Modern currencies

Modern Technology Inevitable for Pakistan’s Mining Potential (Chair)

Gilbert M. Mills Sep 13, 2022
President Alvi stressed the need to use satellite imagery technology and modern mineral detection, analysis and exploration technologies, and to train relevant human resources in modern and safe mining methods. . President Dr. Arif Alvi on…
Local currencies

GEDA seeking information to monitor the recovery | Guam News

Gilbert M. Mills Sep 12, 2022
The Guam Economic Development Authority will contact grant program recipients in an effort to track the economic recovery of small businesses. GEDA is requesting business privilege tax filing data from July 2021 through July 2022.…
Forex exchange market

A crackdown didn’t stop this payday lender from cashing in on Ohio’s poor

Gilbert M. Mills Sep 12, 2022
A Canton man borrowed $300 just as businesses began to close during the pandemic. He said he had paid $780 on the loan and an additional $300 owed. A Miamisburg woman said she repaid $1,400 on a $1,000…
Currency convertibility

Tourist arrivals to Sri Lanka drop in August due to bad press in India

Gilbert M. Mills Sep 11, 2022
ECONOMYNEXT – Tourist arrivals to Sri Lanka plummet in August, a key festival month due to bad press, particularly in India, despite the removal of travel advisories by many European countries, a senior official…
Alternative currencies

Crypto Went Through the Wringer in 2022: Now What?

Gilbert M. Mills Sep 11, 2022
Cryptocurrencies, or digital assets, have been through a lot of turbulence so far in 2022. Since their high point in late 2021, major assets like Bitcoin and Ethereum have seen dramatic price declines. These withdrawals created a chain…
Modern currencies

Dubai-based coin collector remembers Queen Elizabeth II

Gilbert M. Mills Sep 11, 2022
A Dubai-based coin collector fondly remembers Queen Elizabeth II, whose more than 50 coins he collected from 1973 to 2007."More than 37 countries have minted coins bearing the likeness of the queen," said Najmuddin of the southern Indian…
Local currencies

Textile millers want changes to cotton regulations

Gilbert M. Mills Sep 10, 2022
Bangladeshi mills put forward seven points at a meeting with the International Cotton Association on Thursday, calling for changes in cotton regulations to ensure equal treatment for buyer and seller of cotton. The points included the…
Alternative currencies

Ravencoin jumped 54% last week

Gilbert M. Mills Sep 9, 2022
Ravencoin gained 54% in one week The Ravencoin blockchain is a Bitcoin fork The token is boosted by speculation on the change of PoW miners Ravencoin RVN/USD is alongside Terra Classic, making parabolic moves. In the last 7 days,…
Local currencies

ECB shocked to find inflation continues here, up 75bps, after rising 50bps in July

Gilbert M. Mills Sep 8, 2022
Recklessly late, it has climbed much faster than forecasters even imagined a few months ago: 125 basis points in two meetings and promising more. By Wolf Richter for WOLF STREET. The ECB announced today that it will increase its…
Alternative currencies

US stocks jump as signs of weaker growth and slower inflation raise hopes for a less hawkish Fed

Gilbert M. Mills Sep 7, 2022
…
Modern currencies

The dollar stacks are running out

Gilbert M. Mills Sep 7, 2022
Money is like a battery in that it is a reserve of energy for future use. In the case of money, this stored energy is financial value. Money stored in savings is the purchasing power that Americans hope to use to buy a home, provide an…
Forex exchange market

BBB study finds predatory payday lenders thrive

Gilbert M. Mills Sep 7, 2022
As consumers lost their jobs and struggled to make ends meet during the COVID-19 pandemic, many have turned to payday loans and other short-term solutions, with an increase in solutions in line. This has not only allowed predatory lenders…
Local currencies

How Crypto Pairs Help You Maximize Upside in Volatile Markets

Gilbert M. Mills Sep 6, 2022
The crypto market is full of different crypto instruments. On average, there are at least 12,000 cryptocurrencies for a crypto investor to consider. Of these, many people are widely familiar with a handful. Comparing the figure with…
Alternative currencies

How Sandbox Programs Can Help Promote Innovation and Consumer Wellbeing – InsideSources

Gilbert M. Mills Sep 5, 2022
Technological innovation is driving startups and financial firms to make consumer transactions more accessible, faster and more affordable. All over the world, the main financial centers are seeking to attract these dynamic companies.…
Modern currencies

GTA Fans Are Convinced GTA 6 Reveal Comes After Rockstar Message To Developers

Gilbert M. Mills Sep 5, 2022
Rockstar Games has said a "thank you" to the developers of GTA Online and GTA 5 amid rumors that they may be gearing up to finally reveal GTA 6. When it comes to big in-game releases, there's none bigger or more anticipated than GTA 6 -…
Local currencies

Bangladesh Bank introduces RTGS for fast interbank currency exchange

Gilbert M. Mills Sep 4, 2022
Bangladesh Bank has launched instant interbank foreign exchange transactions through an online Real-Time Gross Settlement (RTGS) system. Banks mainly clear and settle in US dollars, British pounds, Euros, Canadian dollars and Japanese yen…
Currency convertibility

Sri Lanka exports up 11.8% through July 2022

Gilbert M. Mills Sep 4, 2022
ECONOMYNEXT - Sri Lanka's July 2022 merchandise exports rose 2.25% from a year earlier to $1,128 million, driven by apparel and rubber products, the promotion office said of the island's exports. Sri Lanka is…
Modern currencies

Atiku: driving the telecommunications revolution in Nigeria

Gilbert M. Mills Sep 3, 2022
BY PHRANK SHAIBU When Nigeria returned to civilian rule in 1999, the world's most populous black nation grew at an annual national population growth rate of 2.58 percent, according to UN-Habitat. With a population of…
Alternative currencies

Blockchain in Games – Potential and Limits

Gilbert M. Mills Sep 2, 2022
SPONSORED POST* Blockchain technology is going to revolutionize gambling. Blockchain gambling is here now. However, the gaming sector has seen increased activity recently. Having centralized gaming businesses with centralized gaming…
Modern currencies

Roblox: September 2022 Hiking Codes

Gilbert M. Mills Sep 2, 2022
Most modern open-world titles involve difficult survival mechanics or an excessive amount of quests to complete, but Roblox Backpack offers a much more laid-back approach to the genre. Players start at a lodge where they can chat with…
Currency convertibility

What is a reserve currency?

Gilbert M. Mills Sep 2, 2022
is the world order moving towards multiple currency systems? Whispers about finding an alternative payment method have recently intensified after Western countries, led by…
Local currencies

TripGift® Expands Global Reach with Industry’s Top 54 Transactional Currencies,…

Gilbert M. Mills Sep 1, 2022
LONDON, Sept. 01, 2022 (GLOBE NEWSWIRE) -- The multi-award winning international travel gift card and online…
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