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Currency convertibility
Strengthening of the inr: total convertibility of the capital account and gods on banknotes
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…
Does the future of money belong to Bitcoin, CBDCs or stablecoins?
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…
What else can central banks in emerging markets do to protect their currencies? – Individual…
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…
Brazil: Tight runoff for presidential elections amid high inflation and fiscal policy issues
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…
More Global Forex Turmoil Ahead – Analysis – Eurasia Review
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…
Moody’s downgrades Pakistan from B3 to Caa1
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…
India’s inclusion in global indices faces further delays | india, jp morgan, bond index,…
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…
Meta introduces cross-posting and NFT sharing on Instagram
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.…
Steve Forbes says Biden administration ignores ‘real cure’ for inflation
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…
Moody’s confirms Taiwan’s ‘Aa3’ rating, changes outlook to…
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…
The International Monetary System Is About To Collapse… Here’s What Comes Next
"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…
What is the future of cryptocurrencies?
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…
International trade can now be settled in rupees as Center changes policy
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…
Foreign investment to revive Cuban trade: is it really the case now?
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…
Tourist arrivals to Sri Lanka drop in August due to bad press in India
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…
Sri Lanka exports up 11.8% through July 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…
What is a reserve currency?
is the world order moving towards multiple currency systems? Whispers about finding an alternative payment method have recently intensified after Western countries, led by…
Partial Dollarization in Cuba: A Vision of the Excluded
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).…
Impending new economic order – New Telegraph
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%!-->…
WHO pledges medical aid worth $4 million to crisis-ridden Sri Lanka
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…
Companies using multiple currencies
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. .…
Argentina: payment of salaries in foreign currency
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…
Follow the yellow BRIC route (Towards a new digital reserve currency?)
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…
Demonstrate economics to beat inflation
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…
RBI promotes Rupee as preferred currency for global trade: FM
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…
Hong Kong central bank pours cash to stabilize pegged currency, higher mortgage rates ensue
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…
Rupee Convertibility – Latest News from Jammu and Kashmir | Tourism
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!-->!-->!-->!-->…
How accounting information and taxes were destroyed
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…
Making India a Gold Price Fixer
Despite being the world's second largest importer and consumer of gold for many years, with an annual import of 700-900 tonnes valued at $35-40 billion, India is not the one setting the prices, but only the one who takes the prices. Gold…
Sri Lanka DFCC Bank Rating Watch Negative Held Amid Soft Peg Collapse: Fitch
ECONOMYNEXT- Fitch Ratings said it was maintaining a negative watch on Sri Lanka's DFCC bank amid a currency crisis that has triggered dollar shortages and sovereign default as bad debts surge.
The Rating Watch…
Rupee convertibility: Dedollarization paves the way for a stronger rupee – Analysis –…
The decision of the Reserve Bank of India (RBI) to allow the rupee in world trade is a precursor to making it an international currency. The RBI said the move was to "support growing interest from global trading companies". Although…
Gray Sheet News
Costa Mesa, Calif. - In a career spanning nearly six decades, including public service under five U.S. presidents, Paul A. Volcker, Jr. worked for private and public companies as an esteemed…
Protecting Hong Kong’s financial system from global risk
The outbreak of the Covid-19 pandemic and the emergence of geopolitical conflicts as well as international economic competition have all strained the global financial sector, and Hong Kong's financial system is facing complex…
Sri Lanka’s crucial presidential vote becomes a two-horse race
ECONOMYNEXT - Sri Lanka's upcoming parliamentary election for an interim president has effectively become a two-horse race with two strong candidates emerging after opposition leader Sajith Premadasa's…
Sri Lanka will have to make do with available dollar inflows, not bridging funding, says BC Governor
ECONOMYNEXT - Sri Lanka will have to manage imports with available inflows instead of relying on bridge financing, central bank governor Nandalal Weerasinghe said, as rising interest rates and slowing private…
Rupee convertibility due for crypto overhaul
It is a widely but seldom acknowledged truth that a heavy…
RBI’s decision to settle trade transactions in rupees in a timely manner: Exporters
The exporters said the move was a step towards accepting the rupee as an international currency.
TopicsRBI | exporters | Rupee!-->…
Zim urged to adopt currency board
BY MTHANDAZO NYONIZIMBABWE, which has experienced acute episodes of hyperinflation and exchange rate instability for at least two decades, should adopt a currency board to curb both vices, said Leon Africa founder Tinashe Murapata.
The…
NLNG and Stakeholders Reveal How They Plan to Boost Nigeria’s Gas Supply
Nigeria's liquefied natural gas company, NLNG, has said it plans to boost Nigeria's gas production by looking at supply, infrastructure, as well as the business or economic framework needed to approach the construction of gas…
Should I be worried when a currency fluctuates? Here’s what you need to know
Dubai: a fluctuating currency? These are just the changes in the value of one currency against another.
If a US dollar is worth one value in your home country's currency today and then another value tomorrow, how does that…
Zimbabwe Gold Coins: What You Need To Know
“Over the past two years, for example, the money supply in the United States has increased by more than 38% to around $6 trillion, an increase that typically took decades to achieve.
So a combination of unsecured money supply from the…
Moody’s Affirms US Aaa Rating; maintains a stable outlook
Moody's Investors Service (“Moody's”) today affirmed the Aaa long-term and senior unsecured issuer ratings from the United States of America (US) government. The outlook remains stable.
The rating affirmation is driven by Moody's view…
Moody’s confirms Bermuda’s A2 rating – The Royal Gazette
Even without the biggest hotel on the island for perhaps the next 24 months and lingering concerns over “national” debt, a major rating agency has endorsed Bermuda as our future prospects.In fact, Moody's Investors Service cited the!-->…
We need to optimize Africa’s payment and settlement system
One of the factors that have hampered intra-African trade and kept it at its embarrassing level is the difficulties faced by the parties involved in such trade relations. Foremost among these are the challenges faced by business people…
APICORP leverages its preferred creditor status and becomes the first financial institution in the…
Saudi Arabia - The Arab Petroleum Investments Corporation (APICORP), the region's only energy-focused multilateral financial institution, has launched an A/B lending structure aimed at encouraging international debt financing in its member…
The long run of the economy | OnCubaNews English
The Economic and social orientations opened this new stage of economic reforms 11 long years ago. Later, the approval of the Conceptualization and the National Economic and Social Development Plan became another point of reference.…
Sri Lanka to establish fuel ‘quotas’ in its rationing plan: minister
ECONOMYNEXT - Sri Lanka plans to issue a fuel 'quota' from July 2022 after customers register, Energy Minister Kanchana Ratwatte has said, as foreign exchange shortages persist after the failure of a floating…
Buenos Aires Weather | Closest in blood, closest in blood
No less than 12 of the 20 Frente de Todos ministers who were sworn in 30 months ago yesterday are now gone and yet none of these twelve changes make the wheels seem to have deteriorated more than the loud expulsion of the weekend -end of…
Full dollarization will never happen: RBZ
the herald
Africa Moyo at VICTORIA FALLS
ZIMBABWEENS need to cherish the partial dollarization that is in place and stop dreaming of full dollarization, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya said yesterday.
Speaking…
Why the global economy runs on dollars
Placeholder while loading article actionsMonday evening, the co-founder and ex-CEO of Twitter tweeted the question "When did the dollar lose its status as the world's reserve currency?" Like many other people who study political economy, I…
Argentina’s ‘civil war’ rages on
Polarization is the norm in Argentina and elsewhere.
Joaquin Temes
At 58%, Argentina's annualized inflation rate has now reached figures not seen since the early 1990s, when then-President Carlos Menem and Economy…
Moody’s confirms Kuwait’s A1 rating
Moody's Investors Service (“Moody's”) has affirmed the Government of Kuwait's long-term local and foreign currency issuer rating at A1. The outlook remains stable.The decision to affirm the ratings is supported by Moody's assessment that…
Buenos Aires Weather | Do not understand
In a relatively uneventful week neatly bisected by the holiday celebrating the birth of the Argentine nation, the biggest splash of news was (until our press time at least) the resignation of the Secretary of Commerce inside Roberto…
The strength of the ruble is only at the surface level
On the face of it, the Central Bank of Russia is winning the currency war to defend the ruble against the effects of Western sanctions. Immediately after the Russian invasion of Ukraine and the imposition of the first batch of brutal and…
Historical Review: Gold Should Lead Stock Market Higher (NYSEARCA:GLD)
Filographer/E+ via Getty Images If you think back to previous bear markets in equities since the United States abandoned the official convertibility of paper dollars into gold in the early 1970s, gold has always been a great protector of…
Without consensus leaders, a crisis like those of 1989 or 2001 is more likely
Like him bureaucracy as the opposition they cling to an expectation: when the PASOs arrive, they will be able to relegitimize their leadership, and then they will be able to overcome the current fragmentation and dispersion. Until then,…
Letter: Will cryptos ever be as reliable as Adam Smith’s Butcher?
When a currency's survival depends on promises to do "whatever it takes" to defend its dollar peg, one would expect the person making the promise to be a senior government official or from a central bank – not a chief technology…
Zimbabwe: Ipps urged to strike power deals with exporters
INDEPENDENT power producers (IPPs) have been urged to enter into power purchase agreements with local exporters as such contracts are more cost effective, an official said.
Currently, electric utility Zesa Holdings remains the main…
DigitalX: Why We’ve Flagged Luna Red and How We’re Avoiding More Death Spirals
An $18 billion algorithmic stablecoin loses its peg – a story of how Terra Luna and its stablecoin, UST, came crashing down
How is this size even possible? After all, $18 billion is more than…
Paul A. London: Don’t listen to inflation hawks | Columnists
Berkshires workers, like the men who replaced some of our home's siding during the summer of 2021, drive…
Bank of Central African States urges CAR to cancel Bitcoin as currency
Yaoundé, Cameroon —
The Bank of Central African States (BEAC), headquartered in Cameroon, has urged the Central African Republic (CAR) to rescind a law it passed in late April that made the cryptocurrency legal tender. Bitcoin. The bank…
10 sites identified for solar power plants
the herald
business journalist
TEN possible sites for solar power plants, with a potential output of 500 megawatts, have been identified, a senior official said, with the government now working on guarantee mechanisms with creditworthy…
A Use Case for the Modern Era (Part I) – OpEd – Eurasia Review
For decades, physical investors in gold have had to contend with superficial, naïve and totally ahistorical “arguments” from the mainstream financial press, economists and pundits of all persuasions that gold is not nothing but a barbaric…
how the world has changed
Running one of these programs designed to detect plagiarism, I performed an analysis of my own writings over the past 25 years. An idea pops up more frequently than I would have first thought. This is embodied in a phrase I used in…
Russia Gas Blackmail: Putin Brings Knife Into Shootout | Business and economy
On Wednesday, Russian President Vladimir Putin escalated the geo-economic war between his country and the West by suspending gas supplies to Poland and Bulgaria, citing the two countries' refusal to pay in Russian rubles.
This decision,…
IFSCA publishes new framework for FinTech entities
WEB OFFICE
In a bid to develop and regulate financial products and services, the government-controlled International Financial Services Centers Authority (IFSCA) on April 27 issued a framework for fintech entities in the fields…
S&P downgrades Sri Lanka’s sovereign rating to Selective Default (SD)
ECONOMYNEXT - Standard and Poor's, a rating agency, said it had downgraded Sri Lanka's sovereign rating to "selective default", a bond coupon payment was missed on US$1.25 billion of sovereign bonds.
Individual…
Planned Sri Lanka debt talks hailed by IMF after ‘successful’ first round of talks
ECONOMYNEXT – The Washington-based International Monetary Fund has welcomed Sri Lanka's planned negotiations with creditors after the island suspended repayments and said initial talks with a team led by Finance…
Fiat Currency vs. Bitcoin: A Comparison
The economic shutdowns, rising inflation and turbulent markets of the past two years have caused many to question the economic systems that have prevailed in the West.
No topic characterizes!-->…
Sri Lanka stagnant for 7 years in output gap, flexible inflation targeting
ECONOMYNEXT - Sri Lanka has experienced 7 years of stagnation triggering three currency crises under "flexible" inflation targeting, a failed attempt to implement a domestically-anchored monetary policy despite a…
“Sell in May and leave” could be the best strategy this year
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A trader on the New York Stock Exchange.…
Despite sanctions, Russian economy posts record current account surplus in first quarter –…
High energy prices and continued purchases of Russian gas and oil in the first quarter of 2022 allowed Russia to post the highest current account surplus in recent history, indicating that the sanctions of the EU against…
Renewables can deal a blow to the petrodollar
in today Money Morning…Russia bets on gold, breaks with petrodollar…renewable energy decreases the need for the petrodollar…and more… “The economic law that honest exchange requires only things of real value like money cannot be abrogated.…
Financial sanctions on Russia could reduce US dollar dominance: IMF official
IMF First Deputy Managing Director Gita Gopinath said Western restrictions and sanctions imposed on Russia to deprive the country of the global financial market and foreign currency reserves could wither the current global monetary system.…
Ukraine and the global economic war: is it barbarism or civilization?
The West's actions against Russia since the war in Ukraine could signal the emergence of a new order that avoids the United States for militarizing the dollar and Western control over the global financial system.by Prabir PurkayasthaDoes…
War threatens the world with stagflation
THE specter of “stagflation” threatens the world again. This time, the risk is the direct consequence of political provocations and war, and not simply because of inexorable economic forces.
Stagflation?…
Sri Lanka should set up currency board to stop rupiah depreciation: US economist
ECONOMYNEXT - Sri Lanka should set up a currency board to halt further currency slides, US economist Steve Hanke has said as the island's currency plummeted from 203 to 290 to the US dollar in an attempt to float the…
The Misdirection of Nepal Rastra Bank
The Swedish Riksbank, established in 1668 with a charter to lend funds to the government and act as a clearinghouse for commerce, is recognized as the world's first central bank. In 1694, the Bank of England was founded. In addition to…
Demand for goods increases in Saudi Arabia as Ramadan approaches
The local Saudi market is experiencing growth in business activity and an increase in demand for food and consumer goods, informed sources told Asharq Al-Awsat.The surge in demand coincides with the advent of Islam's holy…
Renmibi internationalization via bilateral swap lines
Econography
March 18, 2022 • 11:06 a.m. ET
Renmibi…
USD/INR Trade: RBI May Consider Intervening in NDF Market, Says SBI Report
The US Dollar (USD)/Indian Rupee (INR) should be trading in a high zone, but ideally the 23-year average should not be above 76-78 for 1 USD, with an appreciation bias , according to a report by the State Bank of India's Economic Research…
Ukrainian lessons for PH: Biolabs, financial war, nuclear leaks, prospects for peace?
THE conventional concept of warfare is the use of military weapons - tanks, artillery, air strikes, infantry, ships. Besides the possibility of nuclear weapons, however,…
Types of gold standards with their characteristics
With the growing awareness of gold investing, investors and the general public are increasingly interested in knowing more about the origins, history, gold standards, etc. precious metals to better understand the market and make informed…
Nine crypto entrepreneurs are climbing the ladder of success
International Women's Day has been celebrated on March 8 every year since 1977. This year's theme is: "Gender equality today for a sustainable future". We discuss nine female entrepreneurs who have found success in the crypto space on…
Russia’s impending defaults will lead to an economic crisis worse than 1998
Putin's war
Daniel Leal, AFP via Getty Images
In just one week, Russian President Vladimir Putin has caused hundreds of deaths and wreaked havoc on the lives of millions. He also started the destruction of the…
The grim market outcome for Russia after the invasion of Ukraine
The writer is an investment director at GAMThe implosion of Russian financial markets following the invasion of Ukraine is not the first crisis to hit emerging markets. It won't be the last either.Ever since emerging markets were…
The daily obsession generated by the dollar in the country
Argentines, who abandoned “one-to-one” convertibility between their currency and the US dollar 20 years ago, live waiting for the price of this currency, respond inventively to multiple exchange restrictions and literally sleep on a…
Myths and certainties about inflation
The interest rate sets a floor for price increases. The level of the rate is one of those multiple causes which explain inflation and which has remained unscathed not only in economic policies, but even in public debate. Perhaps because…
The myth of “negative net reserves in the BCRA”
the last payment to the IMF has put additional pressure on the reserves of the Central Bank. The same established economists and media who lobbied for the payout, then came out to encourage a run on the exchange and the bank with shocking…
Newly launched payment system expected to save Africa $5 billion a year
The recently launched new Pan-African Payments and Settlement System aims to reduce cross-border payment fees and transaction delays across the continent, and eventually help businesses grow.WHETHER IT'S A WORKING MIGRANT TRANSFERRING MONEY…
Why does South Africa insist on maintaining destructive exchange controls?
In the second part of his critique of exchange controls in South Africa (part one), Dr Brian Benfield recalls that when the ANC took over power in 1994, one of its main objectives was to dismantle totally this apartheid protection tool. .…
Today’s Fiat Dollar Standard is Built on Lies – OpEd – Eurasia Review
By Manuel Tacanho*
We live in an age of rampant inflation (monetary and price), more frequent economic crises, chronic deficit spending, unpayable debt and massive financial bubbles. It is not accidental. It is substantial.
This fact…
Which cryptocurrencies should you buy for the long term
Viktor KochetovCEO Kyrrex. Knowledge of traditional markets comes with experience in crypto. More and more people are interested in cryptocurrencies, an ever-growing asset and medium of exchange. As CEO of Kyrrex, allow me to share with…
Overnight injections in Sri Lanka exceed 600 billion rupees amid reserve outflows
Night injections in Sri Lanka exceed 600 billion rupees amid sterilized interventions
ECONOMYNEXT - Sri Lanka's overnight liquidity injections into the banking system exceeded 600 billion rupees on 02 February, from…
digital rupee: What is the digital rupee, how does it work?
In her 2022 budget speech on Tuesday, Finance Minister Nirmala Sitharaman announced that the Reserve Bank of India (RBI) would launch its own digital rupee in the new fiscal year. The digital rupee is a central bank digital currency (CBDC)…
5 things India Inc expects from the 2022 budget
India Inc has drawn up a list of demands for the 2022-23 budget to be presented by Finance Minister Nirmala Sitharaman on Tuesday. Ease of doing business, increased government spending, job creation incentive programs and a simplified…
Sanctions and cross-border trade under alternative arrangements
Chakhawat Hossain |
Published:
January 25, 2022 9:18:01 PM
Open economies can only transact with other countries, either by highway or by road. Transactions include the exchange of goods and services and investment financing…
America’s Asian dilemma – Asia Business News
Opinion Commentary by Chris Devonshire-Ellis - January 20, 2022
A rising Asia makes it difficult for Washington to continue to wield global influence
The United States – and to some extent the world – is currently at a discernible…
Weighing in on President Biden’s first year: the economy and monetary policy
As part of a series examining the first year of Biden's presidency, Harvard Law Today asked Christine A. Desan, Leo Gottlieb law professor and monetary policy and economics expert, to share her thoughts on the successes, failures and…
The turmoil in Hong Kong is an opportunity for India
Hong Kong's future as a global financial center is less promising after China's authoritarian crackdown - to control the pandemic and civil liberties - led to an exodus of expatriate professionals from the…
Central currency: the future of money
In the process, the UAE and Saudi Arabia have rekindled the spotlight on a new trend sweeping the global financial industry and at the same time contributed to the learning quotient on CBDCs. They are part of a growing list of 90 countries…
Africa: Key Pillars Almost in Place to Accelerate Africa’s Free Trade in 2022
A year later, negotiators for the African Continental Free Trade Area (AfCFTA) are making progress on the remaining crucial elements, in particular rules of origin.
The official launch of free trade under the African Continental Free…
Rupee hits 3-month high at 73.91
MUMBAI: The rupee hit a high for more than three months on Tuesday, regaining 73 levels. By the close of trade it had gained 13 paise to end at 73.91 against the US dollar. The last time the rupee closed around this level was at 73.84 on…
Taleb on Bitcoin / Cryptos: a deconstruction
The 2007 book by Nassim Nicholas Taleb 'Black Swan' has been hailed by The Sunday Times as one of the twelve most influential books since World War II. However, his 6-page 2021 article titled "Bitcoin, currencies and fragility" deserves…
Africa: One year of free trade in Africa calls for celebration despite teething problems
Free trade under the auspices of the African Continental Free Trade Area (AfCFTA) officially began in January 2021. A year later, several aspects of the trade pact are successfully implemented as negotiations are underway in other areas.…
International financial cooperation is important for the status of the world’s reserve…
U.S. Federal Reserve Chairman Jerome Powell testifies during a hearing on Capitol Hill in Washington, DC, the United States, December 1, 2020 (Photo: Xinhua) On December 15, US Federal Reserve Chairman Jerome Powell laid out plans to…
Why smart government action is needed to solve pandemic-induced inflation
"Furious greed which, without any thought for the human race, hastens for its own benefit." So, Roman Emperor Diocletian described inflation in his edict of CE 301 setting maximum prices for over a thousand commodities.Without the help of…
Sri Lanka’s central bank treasury bill stockpiles rupees 1.9 billion amid sterilized…
ECONOMYNEXT - Sri Lanka's central bank treasury bill outstanding reached $ 1.9 trillion with overnight cash injections reaching Rs 451 billion, data shows amid a withdrawal from the festival and continuous…
Swadeshi Jagran Manch calls for ban on e-commerce giants
Swadeshi Jagran Manch, an economic think tank affiliated with Rashtriya Swayamsevak Sangh (RSS), demanded that all permissions granted to multinational e-commerce giants, such as Amazon and Flipkart, be withdrawn and all their activities…
Swadeshi Jagran Manch calls for crypto trading ban
The law relating to the issuance of digital currency by the Reserve Bank of India should be framed "expeditiously" and the Central Bank's digital currency (CBDC) considered to be legal tender, said Swadeshi Jagran Manch (SJM) at the…
Argentina, a time bomb
Alberto Fernandez and Martin Guzman in 2021, Fernando de la Rua and Domingo Cavallo in 2001.
Joaquin Tèmes
Twenty years have passed since Argentina imploded in what has been its worst social and…
Money is dying, but we’re not ready to bury it
The disappearance of cash is near. As consumers, however, we must hope that the end does not come too soon.It is not the pandemic that ends the existence of this popular payment method. All COVID-19 has done is accelerate a trend…
Russia’s central bank, like China, wants to ban cryptocurrencies nationwide
RIO DE JANEIRO, BRAZIL - Russia plans to introduce a prototype digital ruble issued by the central bank by January 2022, and freely tradable and uncontrollable cryptocurrencies such as Bitcoin and others are therefore undesirable. They…