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Egypt

brics-to-discuss-alternative-payment-platforms-at-upcoming-summit

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

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Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized the increasing use of national currencies in BRICS trade, particularly with […]

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brics-beats-dollar-dependence:-national-currency-settlements-exceed-usd-payments

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

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The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and

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india-to-facilitate-international-settlements-in-rupees-to-reduce-dependence-on-the-us-dollar

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

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The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for

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brics-emerges-as-the-world’s-largest-gdp-bloc,-propelled-by-china’s-rapid-expansion

BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion

Leave a Comment / Acorn Macro Consulting, Anil Sooklal, Bitcoin, Brazil, brics, Canada, China, Crypto Hacked, Cryptocurrency, Economics, Egypt, Ethereum, expansion, France, g7, gdp, Germany, gross domestic product, India, Italy, Japan, new members, PPP, Putin, Russia, South Africa, U.K., U.S., xi / / / , , , , , , , , , , , , , , , , , , , , , , , ,

BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By China’s growth, the group now contributes 31.5% to the global GDP, while the G7 provides 30.7%. BRICS Countries

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google-trends-data-reveals-searches-for-‘banking-crisis,’-‘bank-runs,’-skyrocket

Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket

Leave a Comment / Bailout, bank collapse, Bank Failure, Bank Run, Banking Crisis, Bitcoin, Canada, China, credit suisse, Crypto Hacked, Cryptocurrency, economic turmoil, Egypt, Ethereum, FDIC, Federal Reserve, Financial Institutions, Financial Regulation, financial stability, First Republic Bank, Google, Google trends, Google Trends Banks, Insured Deposits, interest rates, New Zealand, News, Pacwest Bancorp, Public Interest, rate hikes, Signature Bank, Silicon Valley Bank, Silvergate Bank, Singapore, Uninsured Deposits, United States, worldwide interest, Zimbabwe / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends

Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket Read More »

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Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime

Leave a Comment / Abu Dhabi Commercial Bank, Africa, Analysts, Bitcoin, Crypto Hacked, Cryptocurrency, depreciation, Dollar, Egypt, egyptian pound, Ethereum, Exchange rate, Farouk Soussa, Flexible exchange rate, IMF, International Monetary Fund, Investors, Monica Malik, pound, regime, US Dollar / / / , , , , , , , , , , , , , , , ,

The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have

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