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dollarization

group-urges-nigeria-to-end-naira-float,-reinstate-subsidies

Group Urges Nigeria to End Naira Float, Reinstate Subsidies

Leave a Comment / Bitcoin, Crypto Hacked, Cryptocurrency, dollarization, Ethereum, Foreign exchange, IMF, News Bytes, Newsbyte-3, World Bank / / / , , , , ,

The Nigerian government has been urged to abandon a floating foreign exchange system and reintroduce subsidies in the power and energy, agriculture, and transportation sectors. In a communique, the Multidisciplinary Finance Professionals (MFP) said the Nigerian government should not determine the value of the naira. Instead, the group said the West African nation should opt […]

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russian-diplomat:-el-salvador-proposes-settling-trade-with-crypto

Russian Diplomat: El Salvador Proposes Settling Trade With Crypto

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El Salvador has proposed using cryptocurrency as an alternative payment method for trade with Russia. The Central American nation has reportedly expressed interest in joining the BRICS bloc and may formally apply for membership within one or two years. Ukraine-Russia Conflict Echoes in Central America El Salvador has proposed settling trade with Russia using cryptocurrency,

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nigeria’s-anti-graft-agency-announces-reward-for-whistleblowers-exposing-local-currency-abusers

Nigeria’s Anti-Graft Agency Announces Reward for Whistleblowers Exposing Local Currency Abusers

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The Economic and Financial Crimes Commission (EFCC) in Nigeria has announced a 5% reward for whistleblowers who provide credible information leading to the prosecution of offenders involved in naira abuse. Dele Oyewale, the EFCC spokesman, emphasized the importance of enforcing the law and protecting the economy from negative impacts. The commission has already secured nearly

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latam-insights-—-steve-hanke-advocates-dollarization-in-argentina,-bitcoin-city-plans-unclear-in-el-salvador,-sunacrip-implicated-in-venezuela-layoffs

Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs

Leave a Comment / argetina, Bitcoin, Bitcoin City, Crypto Hacked, Cryptocurrency, dollarization, El Salvador, Ethereum, Joselit Ramirez, latam, Nayib Bukele, News, Steve Hanke, venezuelan / / / , , , , , , , , ,

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in El Salvador, and Venezuelan crypto watchdog Sunacrip is allegedly involved in mass layoffs. Steve Hanke

Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs Read More »

microstrategy-founder-michael-saylor-to-argentines:-‘you-need-bitcoin’-—-critics-insist-btc-is-too-volatile

Microstrategy Founder Michael Saylor to Argentines: ‘You Need Bitcoin’ — Critics Insist BTC Is Too Volatile

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Micheal Saylor, the founder of Microstrategy, has told people living in inflation-stricken Argentina that they now “need bitcoin.” While many bitcoiners have welcomed Saylor’s suggestion, a few critics have said the top crypto asset’s volatility makes it an unsuitable alternative for the faltering local currency. The Dollarization Option As the Argentinian currency — the peso

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argentina-debates-dollarization-in-the-midst-of-rampant-devaluation-and-inflation

Argentina Debates Dollarization in the Midst of Rampant Devaluation and Inflation

Leave a Comment / Argentine Peso, Bitcoin, Crypto Hacked, Cryptocurrency, Devaluation, dollarization, Economics, Ethereum, inflation, javier milei, U.S. dollar / / / , , , , , ,

Javier Milei, a presidential candidate for the next election in Argentina, has presented a dollarization plan to fix the economy of the country if elected. The proposal, which has supporters and detractors, would aim to solve the historic devaluation of the Argentine peso and the 100%+ interannual inflation that Argentina registered in March. Dollarization Surges

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