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…
Financial markets have been jittery over the past few weeks, with developments on the Russian-Ukrainian border continuing to be the main driver of price action.While central banks are still the dominant underlying theme, traders have to…
BENGALURU: The Philippines' central bank will wait until the end of the year before raising interest rates by a record 2.0% to support an uneven economic recovery from the COVID-19 pandemic, according to a Reuters poll .As inflation remains…
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 dreaded Fed cut is almost here. US Federal Reserve Chairman Jerome Powell has signaled that he will raise interest rates soon, but will also stop adding to his massive stockpile of bonds by early March.In summary: key support for!-->…
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)…
DOUGLAS Ross was blushed in the Commons this week over the SNP's supposed lack of a monetary plan should Scotland become an independent country.
He also got himself into hot water, so strayed from the subject of the…
Taipei, Jan 29 (CNA) The Taiwanese dollar climbed more than 2% against the US dollar in the Year of the Ox due to the country's strong export performance, and the upcoming Lunar New Year holiday could further boost demand as the amount of…
In March 2021, auction house Christie's sold a JPEG file created by artist Beeple for $69.3 million, a record for a digital work. Ownership of the "original" JPEG - titled "Everydays: The First 5000 Days" - was secured as a non-fungible…
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…
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…
"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…
Chroniclers
Kenya needs bold and broad economic thinking
Friday, December 31, 2021
By JAINDI KISEROMore from this author
Summary
When traders hesitate to speak up it is usually that we are entering a period when…
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…
By Makoto Nishibe, Senshu University and Adrian Black, 360info (Eds: EMBARGO: 07:00 IST 12/22/2021) Kawasaki (Japan), December 21 (360info) Japan, a pillar of the monetary society, goes digital as as the pandemic pushes payments into a…
A cryptocurrency escapes the control of countries' central banks. As the name suggests, the currency is encrypted and is not accessible to anyone other than the owner. A number of computer enthusiasts get together and they solve a puzzle…
The Independent Advisory Group was commissioned by the government to review PNG's 2000 Central Bank Act. It is chaired by Robert Igara, who is Chancellor of the University of Papua New Guinea and former Chief Secretary, when the Central…
Now is not the perfect time to advocate for limited government.
Despite Bill Clinton's famous 1996 statement that "the era of great government is over," it never really ended. The Conservatives have failed to cancel growing social…
How does this help?Essentially, it facilitates the flow of funds from capital-rich advanced economies to low-capital emerging market economies. By broadening the global investor base, capital account convertibility can help improve the…
Peru's central bank president Julio Velarde said the country would join forces with India, Singapore and Hong Kong to develop its own central bank digital currency (CBDC). Peru has decided to partner with the central banks of these…
The ongoing technological revolution means that âdigital moneyâ - a manifestation of which is cryptocurrencies - is upon us. Microeconomic tradeoffs are well known and have been debated. Digital…
Gold has consolidated within a narrow range since Diwali 2020, but with increased volatility over the past two months thanks to volatility in the US dollar and bond yields. A better-than-expected economic recovery from the lows of the…
The eNaira is trustworthy and complies with Nigeria's financial laws.
Central Bank of Nigeria Governor Godwin Emefiele will go down in history as one of Nigeria's most innovative CBN governors. Emefiele has launched several initiatives…
European stocks rose on Tuesday after the oil price spike and strong corporate updates led Wall Street to close at a record high in Monday's session.The region-wide Stoxx 600 stock index rose 0.5% in the early afternoon, while…
In the story of Noah's Ark in the Book of Genesis, God made a decision. Man had strayed from God's instructions, and annihilation was the chosen solution to redress our capricious species. Noah was known to be a righteous man, so he and!-->…
ECONOMYNEXT - Sri Lanka printed 19 billion rupees just after partially successful Treasury bill auctions during the week, as a banknote-issuing bank took the balance amid persistent external problems and related…
Written by: David Fergusson, Chairman and CEO and co-founder, HugoGold is a curious metal: it is remarkably heavy, yet soft, extremely inert, but with a luster that appeals to almost everyone; that is why it remains the material of choice…
ECONOMYNEXT - Sri Lanka's non-credible peg with the US dollar at 203 leads to dollar rationing, market participants said as monetary authority attempt to ration rupee production pushes market rates up , but has not yet…
By Nathan Gurira
No matter how well-intentioned and determined the Reserve Bank of Zimbabwe (RBZ) may be to eradicate rampant delinquency in the economy, the effort may count for nothing if other institutions inflame the situation…
Watch Stablecoins in Middle-earth New Zealand's central bank is exploring the possibility of issuing a digital currency, saying the benefits it would bring include its potential use as a monetary policy tool.
The central…
Alex Nelson Malanga
Dar es Salaam - While the Tanzanian government is still preparing for digital cryptocurrencies, economists have warned that the uniform adoption of modern…
The latest IMF official foreign exchange survey shows that the share of US dollar reserves held by central banks fell to 55% in Q1 2021, its lowest level in 25 years.
According to the IMF, this partly reflects…
October 2, 2021The future of money. By Eswar Prasad. Belknap Press; 496 pages; $ 35 and £ 28.95FOR MORE folks, money still means physical money printed by a single public authority. Yet this is a surprisingly modern incarnation: only a…
New York, NY, September 27, 2021 (GLOBE NEWSWIRE) - The Fantom Foundation has announced that it has signed a memorandum of understanding with OJSC Orienbank, one of Tajikistan's largest banks, to test a hybrid CBDC platform for possible…
* Records a million visits in a few days after the unveiling according to the analyzes
Obinna Chima
The official website for the Central Bank of Nigeria's (CBN) next digital currency, eNaira, went live,!-->!-->…
Muhammad Mahmood |
Posted:
Sept. 25, 2021, 8:55 p.m.
Behavioral links between balance of payments and exchange rates have long been recognized as early as the 14th century, when secondary markets emerged for bills of exchange…
(johan10 / Getty Images)
A currency board would stabilize the Lebanese economy.
Aclose Thirteen months in limbo, Lebanon finally formed a government on…
(MENAFN- The Conversation) Afghanistan has been dubbed the âgraveyard of empiresâ in reference to the failed colonial attempts to rule it. Yet it often distracts…
Authors: Divyanshu Jindal and Mehek Bhanu Marwaha *
The USD (United States dollar) has been the dominant currency in the world since the end of World War II. The dollar has also been the most sought-after reserve…
Updates on the economic impact of the coronavirusSign up for myFT Daily Digest to be the first to know about news about the economic impact of the coronavirus.
This article is an in-place version of our Road to Recovery…
Traders can trade notes of Rs1,000. - AFP / FileKARACHI: 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…
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…
By Adedapo Adesanya
The Naira appreciated against the greenback on Friday in the Investor and Exporter (I&E) segment of the forex (FX) market as the Central Bank of Nigeria (CBN) said it no longer recognizes exchange…
Second, financial markets are big supporters of the current monetary systembecause they like the lax monetary policy and the liquidity drops of the central banks. Remember, the US stock market welcomed the closing of the window on gold,…
The lasting impact of the Nixon shock
The economic and monetary consequences of Nixon's decision to end the convertibility of the US dollar into gold are as numerous as they are severe. It marked the start of five decades of monetary…
Even though the digital payment method is becoming the preferred mode in financial transactions, it is the use of virtual currencies, commonly known as cryptocurrencies, that is causing a stir in the Indian monetary system. Here, it…
The era of Andy Haldane as bank of englandThe chief economist of has officially ended, as Threadneedle Street has appointed its replacement. Huw Pill will fill Haldane's big shoes, reporting to Deputy Monetary Policy Governor Ben…
August 28, 2021WGROUP NOMINATION the chairman of the Federal Reserve, the US president chooses the person who wields the greatest immediate power over the world economy. The Fed's leadership brings with it control of US interest rates,…
The Reserve Bank of India (RBI) said on Friday that it could release a central bank digital currency (CBDC) model as soon as the end of this year.
Speaking at the post-monetary policy press conference, Deputy Governor T Rabi…
The rupee rose 2 peas to close at 74.15 (provisional) against the US dollar, marking its fifth straight session of gains on Friday, following the RBI's monetary policy announcement. In the interbank forex market, the rupee opened…
Comprising many of Africa's poorest countries, the CFA franc zone faces particularly daunting economic development and growth challenges in the context of the ongoing COVID-19 pandemic.
Encompassing 14 French-speaking West and…
The rupee rose 6 paise to close at 74.28 (provisionally) against the US dollar on Tuesday amid a strong trend in domestic stocks and a weak US currency.
The rupee has moved within a narrow range ahead of the Reserve Bank of India…
Then begins a new series of columns marking the 50th anniversary of the collapse of the Bretton Woods gold standard established in the closing months of World War II. A related editorial appears nearby.
* * *
The 50th anniversary of…