Local currencies – Kopa Runescape 2 Gold http://www.koparunescape2gold.com/ Fri, 24 Sep 2021 11:44:58 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://www.koparunescape2gold.com/wp-content/uploads/2021/07/kopa.png Local currencies – Kopa Runescape 2 Gold http://www.koparunescape2gold.com/ 32 32 Rupee loses 4 paise to close at 73.68 against the US dollar https://www.koparunescape2gold.com/rupee-loses-4-paise-to-close-at-73-68-against-the-us-dollar/ https://www.koparunescape2gold.com/rupee-loses-4-paise-to-close-at-73-68-against-the-us-dollar/#respond Fri, 24 Sep 2021 11:04:02 +0000 https://www.koparunescape2gold.com/rupee-loses-4-paise-to-close-at-73-68-against-the-us-dollar/ In the previous session on Thursday, the rupee closed at 73.64 against the US dollar. The Indian rupee slipped 4 paise to close at 73.68 (provisional) against the US dollar on Friday, after weaker Asian peers against the US dollar. In the interbank foreign exchange market, the local currency opened at 73.77. It hit an […]]]>

In the previous session on Thursday, the rupee closed at 73.64 against the US dollar.

The Indian rupee slipped 4 paise to close at 73.68 (provisional) against the US dollar on Friday, after weaker Asian peers against the US dollar.

In the interbank foreign exchange market, the local currency opened at 73.77. It hit an intraday high of 73.61 and a low of 73.78 during the day.

The rupee ultimately settled at 73.68 against the US dollar, down 4 paise from its previous close.

In the previous session on Thursday, the rupee closed at 73.64 against the US dollar.

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, was trading up 0.06% at 93.14.

The Indian rupee has depreciated following weakness in Asian peers and the dollar rebounding from an aggressive mood. Markets appear to have made the Federal Open Market Committee (FOMC) decision as hawkish as Treasuries rose while risk assets had a long unwinding, ”said Dilip Parmar, research analyst, HDFC Securities.

Spot USD / INR is expected to trade between 73.40 and 73.95 following month-end demand for the dollar and risk aversion tones.

“The data record remains light today in the middle of the weekend, although many Fed speakers will be on the line, which could bring back volatility in the forex markets,” Parmar added.

Futures on Brent crude, the world’s benchmark for oil, rose 0.25% to $ 77.44 per barrel.

On the domestic stock market front, the BSE Sensex finished 163.11 points, or 0.27% higher, to a lifetime high of 60,048.47. Likewise, the broader NSE Nifty index rose 30.25 points or 0.17% to close at a record 17,853.20.

Foreign institutional investors were net buyers in the capital market on Thursday as they bought shares worth 357.93 crore, according to exchange data.


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Indian hotel start-up Oyo prepares for IPO https://www.koparunescape2gold.com/indian-hotel-start-up-oyo-prepares-for-ipo/ https://www.koparunescape2gold.com/indian-hotel-start-up-oyo-prepares-for-ipo/#respond Thu, 23 Sep 2021 17:27:56 +0000 https://www.koparunescape2gold.com/indian-hotel-start-up-oyo-prepares-for-ipo/ Despite a difficult year due to travel restrictions linked to COVID, Hotels and rooms in Oyo is preparing to file an initial public offering (IPO) to raise approximately $ 1 billion. The Indian hospitality startup is set to file its IPO next week in Mumbai, with a bid that could be between $ 1 billion […]]]>

Despite a difficult year due to travel restrictions linked to COVID, Hotels and rooms in Oyo is preparing to file an initial public offering (IPO) to raise approximately $ 1 billion.

The Indian hospitality startup is set to file its IPO next week in Mumbai, with a bid that could be between $ 1 billion and $ 1.2 billion, Reuters reported on Thursday (September 23), citing a source. The offer will consist of a new issue of shares and an offer to sell from current shareholders, the source said. Oyo, which is backed by SoftBank, did not immediately respond to requests for comment, Reuters reported.

The outlet noted that the announcement follows other high-profile debuts including food delivery company Zomato Ltd, Berkshire Hathaway-backed Paytm and TPG-backed private equity firm Nykaa. Another SoftBank-backed company, ridesharing company Ola, is also set to go public.

Read more: Oyo Hotels cuts staff in Latin America, looks to other markets

Oyo’s business model is turnkey – in exchange for room prices and bookings, independent hotel owners receive a portion of the revenue and fees that are collected, provided they agree to rebrand in as a hotel Oyo.

The company’s business model flourished at first, but ran into a problem due to COVID-19 travel restrictions in 2020. Last September, SoftBank – which owns a 46% stake in Oyo – stepped in and laid off staff, while taking back $ 75 million that had been earmarked for Oyo’s growth in Latin America. Oyo scaled back its operations in Japan around the same time.

In February of this year, Oyo announced that it would lay off almost all of its staff in Latin America and cut funding as it moved to a digital-only model in that region.

Oyo said at the time that he was looking to promising areas for growth, such as India, Southeast Asia and Europe.

According to Reuters, Oyo founder and chief executive Ritesh Agarwal said in July that the company would likely return to levels it reached before India’s second wave of COVID-19 infections and “would develop from of the”.

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NEW PYMNTS DATA: TODAY’S SELF-SERVICE PURCHASE JOURNEY – SEPTEMBER 2021

On: Eighty percent of consumers want to use non-traditional payment options like self-service, but only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba Collaboration, analyzes more than 2,500 responses to find out how merchants can address availability and perception issues to meet demand for self-service kiosks.


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Ringgit opens lower after US Fed meeting | Money https://www.koparunescape2gold.com/ringgit-opens-lower-after-us-fed-meeting-money/ https://www.koparunescape2gold.com/ringgit-opens-lower-after-us-fed-meeting-money/#respond Thu, 23 Sep 2021 01:48:53 +0000 https://www.koparunescape2gold.com/ringgit-opens-lower-after-us-fed-meeting-money/ On the opening, the ringgit traded higher against a basket of major currencies. – Reuters photo KUALA LUMPUR, September 23 – The ringgit fell further against the US dollar at the opening bell today, following the optimistic US Federal Reserve (Fed) conclusion of the Federal Open meeting Market Committee (FOMC) yesterday, which could lead to […]]]>

On the opening, the ringgit traded higher against a basket of major currencies. – Reuters photo

KUALA LUMPUR, September 23 – The ringgit fell further against the US dollar at the opening bell today, following the optimistic US Federal Reserve (Fed) conclusion of the Federal Open meeting Market Committee (FOMC) yesterday, which could lead to a possible hike in their key rate, an analyst said.

At 9 a.m., the local banknote depreciated to 4.1925 / 1955 against 4.1910 / 1950 at the close of Wednesday.

Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said the FOMC meeting ended with the US Fed explicitly declaring its intention to cut back its asset purchase program soon.

“FOMC members believed that the US economy has made good progress towards achieving its dual political goals, including maximum employment and price stability,” he told Bernama.

More importantly, he said the Fed’s dot charts indicated that more participants expected higher interest rates next year, where the funds rate could be above 0.25% in 2022.

The survey of US Fed members was also in line with economic projections, as the US gross domestic product (GDP) forecast for 2022 was increased to 3.8% from 3.3% forecast in June. “, did he declare.

Mohd Afzanizam noted that the inflation rate projection has also been revised up until 2023, implying that the rate hike cycle will begin in 2022.

Therefore, the greenback is also strengthening against major currencies, he added.

“As such, the ringgit could remain weaker today,” he said.

Likewise, ActivTrades trader Dyogenes Rodrigues Diniz said the scenario could drag the local rating over the next few days to the 4.2400 level, where it could encounter some selling pressure.

“Apart from that, the Consumer Price Index (CPI), which is expected tomorrow, could bring some volatility to the market.

“If the CPI is lower than expected, it could cause the ringgit to lose more value against the US dollar,” he said.

On opening, the ringgit was trading higher against a basket of major currencies.

The ringgit rose against the British pound at 5.7085 / 7126 from 5.7140 / 7195 at Wednesday’s close, climbed against the Singapore dollar to 3.0948 / 0972 from 3.0996 / 1028 and s’ is appreciated at 4.8998 / 9033 against the euro against 4.9156 / 9203 yesterday. .

The local rating also widened against the yen to 3.8162 / 8193 from 3.8270 / 8311 previously. – Bernama


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Rupee drops 26 paise at almost 4 weeks against the dollar https://www.koparunescape2gold.com/rupee-drops-26-paise-at-almost-4-weeks-against-the-dollar/ https://www.koparunescape2gold.com/rupee-drops-26-paise-at-almost-4-weeks-against-the-dollar/#respond Wed, 22 Sep 2021 12:20:00 +0000 https://www.koparunescape2gold.com/rupee-drops-26-paise-at-almost-4-weeks-against-the-dollar/ The rupee fell 26 paise to close at a nearly four-week low at 73.87 against the US dollar on Wednesday due to a stronger dollar in foreign markets ahead of the outcome of the US Fed and US dollar meeting. concerns about Evergrande’s situation in China. Forex traders said investors were awaiting indications of the […]]]>

The rupee fell 26 paise to close at a nearly four-week low at 73.87 against the US dollar on Wednesday due to a stronger dollar in foreign markets ahead of the outcome of the US Fed and US dollar meeting. concerns about Evergrande’s situation in China.

Forex traders said investors were awaiting indications of the reduction schedule and the US Fed’s projections for interest rates. The outcome of the US Fed meeting will be announced later today.

In the interbank forex market, the local currency opened at 73.70 and had an intraday high of 73.66 and a low of 73.93 against the US dollar in day trading.

Local unit eventually settled at 73.87 per dollar, the lowest closing level since August 26. On Tuesday, the rupee stood at 73.61 against the US dollar.

The dollar index, which measures the strength of the greenback against a basket of six currencies, was trading up 0.02% at 93.22.

The Indian rupee depreciated against the dollar on Wednesday, following losses in regional currencies. Most Asian currencies were weaker before the Fed’s decision and concerns about Evergrande’s situation in China weighed on it. ‘local unit,’ said Sriram Iyer, senior research analyst at Trusted Securities.

Investors are wary of the Fed meeting tonight, and some expect the Federal Reserve to provide more clues about reducing its asset purchases later.

“Tonight’s Fed meeting will be closely watched. The market expects the US Fed to announce a reduction schedule, issue inflation forecasts and update its interest rate projection via a dot plot. We expect the USDINR to remain in the 73.40-74.20 range over the near term, ”said Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd.

Meanwhile, HDFC Bank economists said in a report that the rupee may come under pressure as emerging market currencies face headwinds due to events surrounding Evergrande in China.

“We remain cautious about this transformation into a broader risk scenario, which could mean increased pressure on emerging currencies, including the INR (rupee), as the dollar remains long,” the report said. ‘a team led by Abheek Barua.

Evergrande, China’s largest real estate player, is under financial pressure. He has more than $ 300 billion in liabilities and has an interest payment of $ 83.5 million on a bond due Thursday and $ 47.5 million next week.

The world is watching events closely, especially to see if the company is delivering on its commitments, and some observers compare it to the Lehman Brothers case in the United States that led to the 2008 global financial crisis.

Futures on Brent crude, the world’s benchmark for oil, rose 1.24% to $ 75.28 per barrel.

On the national stock market front, the BSE Sensex finished down 77.94 points or 0.13% to 58,927.33, while the broader NSE Nifty index lost 15.35 points or 0. 09% to 17,546.65.

Foreign institutional investors were net buyers in the capital market on Tuesday as they bought shares worth Rs 1,041.92 crore, the exchange data showed.

(Disclaimer: this story is auto-generated from a syndicated feed; only the image and title may have been reworked by www.republicworld.com)


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New Crypto Aims To Solve Zimbabwe’s ‘Money Problems Using Blockchain Technology’ – Bitcoin News Interview https://www.koparunescape2gold.com/new-crypto-aims-to-solve-zimbabwes-money-problems-using-blockchain-technology-bitcoin-news-interview/ https://www.koparunescape2gold.com/new-crypto-aims-to-solve-zimbabwes-money-problems-using-blockchain-technology-bitcoin-news-interview/#respond Tue, 21 Sep 2021 12:09:55 +0000 https://www.koparunescape2gold.com/new-crypto-aims-to-solve-zimbabwes-money-problems-using-blockchain-technology-bitcoin-news-interview/ The Zimbabwean currency collapse in 2008 and record hyperinflation are widely regarded as classic examples of what can go wrong with a centralized currency. For example, some cryptocurrency enthusiasts – as well as opponents of the fiat currency system in general – have regularly pointed out the collapse of the Zimdollar when arguing for an […]]]>

The Zimbabwean currency collapse in 2008 and record hyperinflation are widely regarded as classic examples of what can go wrong with a centralized currency. For example, some cryptocurrency enthusiasts – as well as opponents of the fiat currency system in general – have regularly pointed out the collapse of the Zimdollar when arguing for an alternative monetary system.

In other cases, entrepreneurs like those behind Zimbocash, a decentralized money and payment platform for all Zimbabweans, have already launched such an alternative. They hope this alternative to fiat money issued by the central bank will demonstrate to everyone that healthy money that allows people to save is still possible.

To find out more about this Zimbocash system, Bitcoin.com News contacted Laswet Savadye, head of the subscriber network. Below are Savadye’s answers to questions sent to her via Whatsapp.

Bitcoin.com News (BCN): Can you start by telling us what sparked this idea?

Laswet Savadye (LS): We are passionate about healthy money. Many of the team were exposed to Zimbabwe’s first hyperinflation and the pain of printing money, and this was further reinforced with the book When Money Destroys Nations. We are passionate about solving money printing problems with healthy currency. This is the only way to have sustainable savings, trade and wealth creation nationwide.

BCN: What do you hope to achieve with the Zimbocash or Zash cryptocurrency as it is also called?

LS: Our larger goal is to establish a healthy currency for Zimbabwe – we have created a currency with a fixed supply but available to all Zimbabweans. Zimbabwe has an extremely weak currency and banking system, having suffered from hyperinflation and economic malaise. We want to see Zimbabwe’s economy transformed with healthy money.

The aim is to restore confidence in the monetary and banking system. The Zimbocash system is based on a decentralized blockchain – a revolutionary technology that enables a fixed money supply and a reliable payment system.

BCN: your head of corporate communications, Philip Haslam, recently suggested that Zimbocash is the solution to Zimbabwe’s collapsing monetary and banking system. Does this mean that your cryptocurrency will compete with local fiat currency?

LS: Zimbcash does not compete with local fiat currency. We believe there is room for the two to coexist. Zimbocash is not trying to replace fiat currency, but rather complement it by being an alternative currency that people can use.

BCN: There have been suggestions or allegations that you basically have two cryptocurrencies, one that has been dumped on Zimbabwean users and the other that is listed on the South Korean cryptocurrency exchange, Bithumb. How do you respond to that?

LS: We don’t have two cryptocurrencies. We have one and it is accessible to the public so that all can see it on tronscan https://tronscan.io/#/token/1002984. Listing on the stock exchange requires placing an exchange float that will be used to buy and sell in order to offer a reference price.

BCN: Still on the same subject, there seems to be some confusion regarding the status of the Zash tokens dropped by air. For example, some parachuted token holders claim that they cannot be redeemed on Bithumb. Is it correct? If so, why don’t you allow parachuted Zash token holders to redeem them?

LS: In this context, we need a market price and we need to attract enough liquidity on the stock exchanges to allow cross-border trade. Liquidity increases over time. It’s fragile. There have been a few national drop systems that have failed because they didn’t take the time to build the payment network directly and everyone sold directly on the exchange, driving prices down.

We first need to work on developing a peer-to-peer trading network, and as liquidity increases, we can slowly open the market. As transactions increase, local demand for Zash increases. Additionally, as transactions increase, the international demand for a strong currency token with a true peer-to-peer network will increase. These two elements will lead to an increase in buying liquidity on the stock exchange and a decrease in selling liquidity. It is these two forces that will allow us to open up more and more exchange transfers.

For this reason, we will limit the amount that users can sell. We want users to make the right trades, and we will carefully monitor high-value individuals who have a lot of Zash – we want this to be used in daily trading.

That said, we’re happy to announce that we’ve opened transfers to the exchange for users who complete the more than ten transactions each month. This is a start, our goal is to open more and more exchange transactions gradually over time, rewarding those who make transactions.

BCN: Now Zimbabwe’s Finance Minister Mthuli Ncube recently made some positive remarks on cryptocurrencies. What do you think of what Minister Ncube said?

LS: The finance minister made similar remarks in 2018, when he said that “Zimbabwe should invest in understanding innovations and often central banks are too slow to invest in these technologies.” We continue to support the words of the Minister of Finance.

BCN: In your opinion, do these remarks by the minister suggest that the government and the central bank are now adopting cryptocurrencies?

LS: It would be great if it did. This is currently a new technology and no one else has succeeded in setting up a blockchain with a fixed money supply for an entire nation. It is therefore, in many ways, an innovative technology. We believe the government is taking the right approach, which is a wait-and-see policy. As the market develops, we believe there will be appropriate engagement and regulation from a point of better understanding.

BCN: Many central banks in Africa are studying or preparing to launch central bank digital currencies (CBDCs). In your opinion, are central banks capable of issuing efficient or functional CBDCs?

LS: CBDCs do not use blockchain principles to fix the money supply. These CBDCs will all be linked to global CBDCs and will give rise to the overall control of the transaction. In a world where all transactions are digital and governments around the world will resort to rampant money printing. This is a major global risk right now and our goal is to address this issue in Zimbabwe by securing the money supply using blockchain technology.

Everyone in Zimbabwe – government, business and ordinary people – should be able to rely on the economic system. Otherwise, the risk is that Zimbabwe will find itself trapped in a global central bank digital currency system that impoverishes the entire nation.

BCN: Do you see a CBDC as the right solution to Zimbabwe’s currency problems?

LS: In many ways, the RTGS dollar was a form of central bank digital currency. The two key questions are, can a CBDC be used to establish a sound currency where no one can increase the money supply, and can a CBDC be created that is not ultimately controlled by offshore powers.

BCN: Finally, you have been in the field for quite some time now. In your opinion, are Zimbabweans ready for digital currencies?

LS: Zimbabweans are more than ready for digital currencies. RTGS dollars are digital and people have had much needed practice using current mobile wallets such as Ecocash and Onemoney. There is a lot of excitement about the Zimbocash system and we believe we have the opportunity to establish something truly unique in the world.

What do you think of this interview? Let us know what you think in the comments section below.

Image credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, nor a recommendation or endorsement of any product, service or business. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, good or service mentioned in this article.



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The naira loses against the dollar on the official market https://www.koparunescape2gold.com/the-naira-loses-against-the-dollar-on-the-official-market/ https://www.koparunescape2gold.com/the-naira-loses-against-the-dollar-on-the-official-market/#respond Mon, 20 Sep 2021 21:40:46 +0000 https://www.koparunescape2gold.com/the-naira-loses-against-the-dollar-on-the-official-market/ The naira fell slightly against the US dollar in the official market on Monday due to the drop in the supply of currencies. According to data released by the FMDQ Stock Exchange where forex is officially traded, the naira closed at N 413.68 to $ 1. This is down 0.80N or 0.2% from the 412.88N […]]]>

The naira fell slightly against the US dollar in the official market on Monday due to the drop in the supply of currencies.

According to data released by the FMDQ Stock Exchange where forex is officially traded, the naira closed at N 413.68 to $ 1.

This is down 0.80N or 0.2% from the 412.88N it traded on Friday.

The currency supply fell 60.30 percent on Monday with $ 91.23 million recorded at the box office of the cash market compared to $ 229.79 million posted Friday last week.

The local currency touched an intraday high of N409.00 and a low of N415.00 during the trading session before closing at N413.68 on Monday.

The currency has seen an unprecedented decline in the parallel market in recent weeks after the Central Bank of Nigeria suspended sales of foreign exchange to exchange bureaus.

CBN Governor Godwin Emefiele on Friday also blamed the rapid drop in rates posted by Abokifx, a website that monitors the black market in Lagos.

On Friday, the naira fell to 570 in this segment of the market, leaving a gap between the official and unofficial market at N156.32.

As of Monday, that rate had not changed, according to dealers who spoke to PREMIUM TIMES.

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The rupee resumes its downward spiral https://www.koparunescape2gold.com/the-rupee-resumes-its-downward-spiral/ https://www.koparunescape2gold.com/the-rupee-resumes-its-downward-spiral/#respond Mon, 20 Sep 2021 12:38:00 +0000 https://www.koparunescape2gold.com/the-rupee-resumes-its-downward-spiral/ Traders can trade notes of Rs1,000. – AFP / File KARACHI: The rupee resumed its tumble against the US dollar on Monday, falling by around 53 paisas or 0.31% to reach Rs 168.72 on the interbank market. The rupee began its descent early last week, hitting an all-time low of Rs 169.12 on Wednesday, from […]]]>
Traders can trade notes of Rs1,000. – AFP / File

KARACHI: The rupee resumed its tumble against the US dollar on Monday, falling by around 53 paisas or 0.31% to reach Rs 168.72 on the interbank market.

The rupee began its descent early last week, hitting an all-time low of Rs 169.12 on Wednesday, from Monday’s opening value of Rs 168.09, which represents a fall of 1.03 Rs in three days.

However, by the end of the week the local currency had recovered to Rs168.1.

The Pakistani rupee is expected to remain stable against the greenback during the current week, according to some analysts.

Analysts said the rupee is expected to trade within the existing range this week amid a match between dollar supply and demand, while the central bank’s monetary position will also be taken into account.

It is relevant to mention that in a surprise move, the State Bank of Pakistan (SBP) on Monday raised the key rate by 25 basis points to 7.25% for the next two months.

In its monetary policy statement (MPS), the central bank said: “The current account deficit reached $ 0.8 billion in July and $ 1.5 billion in August, while remittances remained. solids, increasing 10.4% (year-on-year) in July. August and exports also performed quite well (averaging $ 2.3 billion per month).

“In response, the rupee has depreciated 4.1% since the last meeting of the Monetary Policy Committee (MPC),” he said, adding that the MPC noted that many other currencies have also appreciated. depreciated recently, as expectations of cuts from the US Federal Reserve have moved forward.

The statement said the MPC noted that the flexible market-based exchange rate regime has worked well since its introduction in June 2019, including through the COVID shock.

“Since its IPO, the rupee has moved in an orderly fashion in both directions and has only depreciated 4.8% to date, far less than many other emerging market currencies during the same period. “, did he declare.

The central bank further noted that since the launch of the rupee, SBP’s gross foreign exchange reserves have nearly tripled to a record $ 20 billion, while net international reserves have increased by nearly $ 16 billion. dollars between end of June 2019 and end of August 2021.


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Chinese assets https://www.koparunescape2gold.com/chinese-assets/ https://www.koparunescape2gold.com/chinese-assets/#respond Mon, 20 Sep 2021 01:07:02 +0000 https://www.koparunescape2gold.com/chinese-assets/ Chinese stocks have had a tumultuous year as a wave of stricter regulation rocked tech, education and gaming stocks. Yet China’s general attractiveness to investors remains unchanged. Individual stocks suffered massive sell-offs and the confidence of some foreign investors was tested by the industry crackdowns. But assets in China will regain their appeal once they […]]]>

Chinese stocks have had a tumultuous year as a wave of stricter regulation rocked tech, education and gaming stocks.

Yet China’s general attractiveness to investors remains unchanged. Individual stocks suffered massive sell-offs and the confidence of some foreign investors was tested by the industry crackdowns.

But assets in China will regain their appeal once they are viewed in the context of how Chinese monetary policy is moving relative to what is happening in the United States.

US financial markets remain largely supported by central bank liquidity, which cannot be counted on as inflation accelerates. The uncertainty about the end of this dynamic will weigh more and more on US growth stocks.

On the other hand, we believe that China’s pursuit of its strategic objectives will continue to stimulate the country’s rise in investor portfolios.

These include rebalancing China’s growth engine – from exports to domestic demand – with a focus on supply chain independence and security. Even the current regulatory pressure should be seen as a tool to stimulate competition and reduce systemic risks, both of which are essential for attracting capital.

The internationalization of the renminbi as a currency of exchange, capital, reserves and savings is also essential for investors. At the start of the pandemic, China resisted the temptation to embark on unorthodox monetary and fiscal experiments.

This was in stark contrast to the United States, which experienced the greatest central bank-government intervention of all time, overturning all principles of financial discipline. For its part, China has remained ready to support its economy, but in a way that protects its currency.

Notably, in Asia, the renminbi plays a role similar to that of the Deutsche Mark in Europe four decades ago. Although there is no official fixed rate, central banks effectively monitor the levels and volatility of most regional currencies against the renminbi. This nascent Asian currency bloc will provide some insulation against headwinds linked to the United States and further strengthen trade ties within the region.

The next wave of asset purchases in the United States by the Federal Reserve, in the face of mounting inflationary pressures and rising interest rates, could also encourage the internationalization of the renminbi, as the emerging economies and investors in general are looking to reduce their dependence on the US Dollar market.

Indeed, around 30% of central banks worldwide plan to increase their allocation to the renminbi over the next two years. Another sign is the announcement at the end of July that the People’s Bank of China will support the Shanghai trial to facilitate the free trade of the renminbi. For investors, there are three implications.

First, Chinese assets, cash and government bonds in particular are likely to be the main haven for positive real returns for the foreseeable future.

Indeed, recent hyperkeynesianism in the United States comes at its own price in terms of rising inflation, devaluation of the currency, and a higher risk premium. For investors, preserving purchasing power per unit of risk will be the rule of the game in a more inflationary world where real returns will matter most.

Second, the greater autonomy of the Chinese economic cycle will provide better diversification benefits and higher exposure to areas of future growth.

The development of the middle class and domestic consumption can help reduce China’s dependence on world trade.

Advances in the manufacturing value chain through innovation will provide opportunities in strategic sectors such as semiconductors, artificial intelligence, quantum computing, clean technologies, industrial automation and robotics.

Chinese growth stocks are currently largely Internet giants. As local champions develop from this local innovation dynamic, a broader set of growth companies will be available for investors seeking to diversify risk.

Third, global investors are likely to view the renminbi as both a store of value and a medium of exchange.

As the second largest holder of US Treasuries in the world, China has little interest in precipitating a disorderly fall in the dollar.

But as China becomes more independent, this residual financial link will give it additional negotiating leverage in future trade and tariff negotiations.

There are good reasons for investors to take a gradual ‘go it alone’ approach to Chinese assets. As the Chinese saying goes, “All things are difficult before they are easy”.


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Currencies can solve global economic problems https://www.koparunescape2gold.com/currencies-can-solve-global-economic-problems/ https://www.koparunescape2gold.com/currencies-can-solve-global-economic-problems/#respond Sun, 19 Sep 2021 08:40:53 +0000 https://www.koparunescape2gold.com/currencies-can-solve-global-economic-problems/ Bitcoin has proven to be a security asset to date, it has responded to the need for savings and freed people from the hassle of traditional safe-haven assets. In the past, the value of money was measured in terms of the number of times that unit of money was spent. Due to an increase in […]]]>

Bitcoin has proven to be a security asset to date, it has responded to the need for savings and freed people from the hassle of traditional safe-haven assets.

In the past, the value of money was measured in terms of the number of times that unit of money was spent. Due to an increase in demand, the supply has decreased and this has been called the scarcity of safe investments. There are a variety of reasons behind this. For example, distrust of the government as well as wars and natural disasters, such as epidemics and pandemics of Covid.

Simply put, a lack of safe assets leads to increased demand and lower production. This means that their need increases and the tariffs become more expensive. When there is a drop in demand, the value of these assets decreases, making them unsuitable for saving money.

There is no single currency or government issued asset that can deliver more than Bitcoin. It has several aspects that make it a safe asset. Bitcoin and other currencies like Safety moon have been able to replace fiat currencies since Bitcoin has the attributes of a reliable asset.

Bitcoin is a simple monetary system. policy and an established money supply, which helps make Bitcoin an improved currency that works better. Volatility will stabilize as bitcoin matures and is expected to exceed $ 20 trillion. There will be daily transactions and sales that run into the billions of dollars, which will keep the price from going up or down.

It is a safe investment, under these circumstances bitcoin can be similar to nominal GDP which could vary between 4-6% per year. Bitcoin supply isn’t going to increase much after a few rounds of halving the bitcoin mining tax. It is not the best choice for day traders, however, it could be a great option for those looking for a reliable asset.

How can digital currencies help solve these problems?

Bitcoin and digital currencies can efficiently absorb a substantial portion of long-term savings needs, while also using fiat currencies for everyday use. It can function as a bargaining chip which is a duopoly.

The most important thing is that the global and global economy will not depend on government owned assets. Since bitcoin works differently from conventional currencies and other traditional assets. Bitcoin is not built on debt, which means it is not tied to interest rates.

Rising demand for cryptocurrencies

The growing demand for bitcoin is driving the cost of gold digitally to increase.

This does not mean that traditional currencies are disappearing and government institutions are unable to issue debt. Both will continue to exist. However, the cost will be constant and will not be managed by anyone or the country.

Bitcoin’s features make it a great choice for saving money over time. Some claim that a day of Bitcoin will be used for all types of spending. They also say they think the idea of ​​dual currency does not apply. Now, however, you can find currencies that are duopolies all over the world.

In many countries of the developing world, there are people who want to invest their funds in US dollars and then use the local currency for everyday use. They don’t trust the institutions of their governments to protect their money. There is therefore no reason to believe that bitcoin cannot substitute for it with US dollars in its own way on a global scale.

Bitcoin can replace fiat currency and debt. Central banks and monetary policy institutions need to create fewer fiat currencies to meet demands for liquid savings. In addition, the issue of declining financial momentum is a problem that can be resolved.

By speeding up the cash rate, individuals can spend using a different currency than the one they saved. The factors that increase incomes will help stabilize the labor market and improve the efficiency of enterprises. Businesses will invest in innovative products and services that will reduce unemployment. The investment will increase when the money circle is restored. This means that prosperity will spread around the world.

It’s not like it could take a while to turn this idea into reality. However, we see that the seeds are already planted as many individuals and organizations, large and small, have decided to choose Bitcoin over fiat currencies. It is not over yet and the trend will not stop.

Bitcoin started its journey as a nebulous dollar and has since surpassed $ 60,000 in just ten years. Last year Bitcoin has not only stabilized its value, but it has also won the trust of people around the world.


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Interswitch recruits more Quickteller Paypoint agents https://www.koparunescape2gold.com/interswitch-recruits-more-quickteller-paypoint-agents/ https://www.koparunescape2gold.com/interswitch-recruits-more-quickteller-paypoint-agents/#respond Sat, 18 Sep 2021 16:43:10 +0000 https://www.koparunescape2gold.com/interswitch-recruits-more-quickteller-paypoint-agents/ By Dipo Olowookere The popular website that tracks the exchange rate of the Naira against major foreign currencies, AbokiFX, has announced it will suspend its pending updates when it gets “better clarity” of the currency manipulation allegation being made. against him by the Central Bank of Nigeria. (CBN). CBN Governor Godwin Emefiele hinted Friday that […]]]>

By Dipo Olowookere

The popular website that tracks the exchange rate of the Naira against major foreign currencies, AbokiFX, has announced it will suspend its pending updates when it gets “better clarity” of the currency manipulation allegation being made. against him by the Central Bank of Nigeria. (CBN).

CBN Governor Godwin Emefiele hinted Friday that the platform was responsible for the recent fall of the local currency on the parallel market.

Mr Emefiele said he has been monitoring the website’s activities for the past two years, alleging that its owner, Mr Oniwinde Olusegun Adedotun, trades currencies and manipulates numbers to cause panic in the financial system, promising to make sure he is for follow-up.

But in a statement released on Friday, the platform said, “We don’t trade currencies and (sic) we don’t have the power to manipulate rates either because we DO NOT CREATE rates.”

He pointed out that “We ONLY publish what we get on the streets of Lagos, hence the expression, Lagos Parallel Rates”.

AbokiFX explained that “the obtained rates are carefully collected, examined and an average rate is published from the data pool. This explains our three daily updates – * Morning, ** Noon, *** Evening.

“Sometimes the rates come late, but we have to wait for all the rates before their publication, to avoid the volatility of the rates,” he added in the statement.

The website has said, for now, that it will not publish parallel market rates but will continue to update its crypto news and rates sections until further notice.

“We sincerely hope that this suspension will lead to the appreciation of the Naira from next week,” he said, adding that “With our decision to temporarily suspend the publication of rates online, we are aware that there will be limited visibility of parallel rate information, which impacts decision making for many.

Below is the company’s unedited statement;

AbokiFX made the decision today, September 17, 2021, to temporarily suspend pricing updates across all of our platforms, until we get better clarity.

The final tariffs have been published this evening but the news section abokiFX and the section Crypt ° tariffs will still be active.

WHO WE ARE

abokiFX was established in 2014 as a research and information service company, to conduct market research and collect data on parallel market rates.

We also wanted to bring a certain transparency around the parallel market with the availability of information technologies.

abokiFX only provides benchmark parallel rate information that helps guide our users in nearly 200 countries around the world.

abokiFX DOES NOT TRADE FX, which we have always maintained in our emails and social media platforms.

We do not trade currencies, nor do we have the power to manipulate rates because we DO NOT CREATE rates.

We are the only entity in Nigeria to offer a full set of parallel rates, since our inception in 2014 when the exchange rate was trading between N166 and Sl.

We gathered data for years before we started publishing, as we realized that the demand for our historical data was increasing.

For most of the users of our platforms, we are just a parallel pricing advice, but for many institutions, ranging from IVY League universities to global companies and research centers, we are a key source of data. , especially historical data (almost a decade of parallel rate data).

Companies use our data for their internal and external audits as well as for planning and budgeting.

We ONLY post what we get on the streets of Lagos, hence the term, Lagos Parallel Rates. The resulting rates are carefully collated, examined, and an average rate is published from the data pool. This explains our three daily updates – * Morning, ** Noon, *** Evening.

Sometimes rates come late, but we have to wait for all rates before releasing them, to avoid rate volatility.

None of our data source providers know who we are or what their rates are for. This is to avoid any manipulation of rates.

It is a daily routine for our staff to go to the market to collect the rates, as all BDCs across the country have their rates clearly displayed on their rate charts and the parallel market rate brokers freely provide information.

All we do is put all of this information together and post it daily across all of our platforms.

2017 vs 2021 REPLAY

In 2017 Nigeria experienced a currency crisis and the Naira depreciated to over N500 / $ 1. abokiFX has been accused of manipulating parallel market rates.

Once the cash was injected, the Naira appreciated and we released the appreciation, which is basically what we are doing.

2021 saw a similar scenario with the depreciation of the naira and we published what was given to us which has led some to believe that we are manipulating the market. Yet no one can complain that our rates deviate +/- 2% from the parallel market rates when they frequent market resellers.

If we don’t create the tariffs, then how can we control the tariffs. Our only sources of revenue have been our API and ad sales.

ALLEGATIONS AGAINST OUR DIRECTOR

All allegations against our manager have yet to be confirmed, but at abokiFX we do NOT trade currencies or manipulate parallel market rates.

Apart from the media allegation, we have not received any communication from any government agency and our accounts are not closed as stated in the media.

THE PATH TO FOLLOW

abokiFX is fully functional BUT we will not be posting any form of pricing on our platforms at this time. We sincerely hope that this suspension will lead to the appreciation of the Naira from next week. With our decision to temporarily suspend online pricing publication, we recognize that the visibility of parallel pricing information will be limited, which will impact decision making for many people.


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