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report:-egyptian-lawmakers-hail-parliament’s-endorsement-of-pact-to-join-brics-bank

Report: Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Join BRICS Bank

Leave a Comment / Bitcoin, brics, Crypto Hacked, Cryptocurrency, Dollar domination, Economics, Ethereum, foreign currency reserves, IMF, Mervat Mattar, Mohamed Abdel-Hamid, New Development Bank, Ukraine-Russia war, US Dollar / / / , , , , , , , , ,

Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable it to preserve its forex reserves. Joining BRICS Following the […]

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Metaverse Tokens Outperform Top Crypto Assets in 2023 With Decentraland’s MANA Leading the Pack

Leave a Comment / 2023, 24-hour spot price, ai, AI-based cryptocurrencies, alternative cryptocurrencies, APE, Apecoin project, Artificial Intelligence, axie infinity, axs, Bitcoin, Crypto Hacked, Cryptocurrency, Decentraland, Decrease, Ethereum, Greenback, ICP, increase, Internet Computer project, January 31, MANA, Metaverse, metaverse tokens, metaverse-focused, past month, Price, Rise, SAND, single unit, smart contract token, The Sandbox, top performer, US Dollar / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

During the first month of 2023, the top two leading cryptocurrencies, bitcoin and ethereum, experienced double-digit gains against the U.S. dollar. Meanwhile, several alternative cryptocurrencies saw even greater increases in value, with metaverse tokens like Decentraland’s MANA and The Sandbox’s SAND rising 92-150% against the greenback. Metaverse Crypto Assets Outshine Bitcoin and Ethereum Metaverse crypto

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Casting Stones From a Glass House: Yellen’s Comments on Zambia’s Debt Restructuring Draw Criticism From Chinese Embassy

Leave a Comment / Bitcoin, brics, CCP, China, China Yellen, Chinese Communist Party, Chinese embassy, communication issues, Criticism, Crypto Hacked, Cryptocurrency, debt, debt restructuring, Default, diplomatic exchange, domestic debt problem, economic diplomacy, economic instability, Economics, Economy, Ethereum, extraordinary measures, Financial Crisis, Foreign Policy, global financial system, Global Times, hypocrisy, international finance, international relations, Janet Yellen, monetary policies, Nancy Pelosi, Politics, Situmbeko Musokotwane, sovereign debt, Taiwan, Treasury Secretary, US, US Dollar, Yellen China, Zambia / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default. Yellen said on Monday that it was very important that Zambia restructure its debt, but Zambia sees it differently. The embassy castigated Yellen’s comments in

Casting Stones From a Glass House: Yellen’s Comments on Zambia’s Debt Restructuring Draw Criticism From Chinese Embassy 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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Prices in Dollars Rose Almost 54% in Venezuela During 2022

Leave a Comment / Asdrubal Oliveros, Bitcoin, Crypto Hacked, Cryptocurrency, dollar denominated prices, ecoanalitica, Emerging Markets, Ethereum, Hyperinflation, inflation, US Dollar, Venezuela / / / , , , , , , ,

Prices in Venezuela have been rising steadily even when denominated in foreign currency. According to data collected by Ecoanalitica, a market research firm, prices marked in dollars have grown close to 54% during 2022, affecting the income and savings of Venezuelans that have been using the U.S. dollar as an inflation hedge. Prices Grow Even

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Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization

Leave a Comment / Bitcoin, brics, BRICS national currencies, Chinese Yuan, commodity, Crypto Hacked, Cryptocurrency, currency market, de-dollarization, Economics, Elena Fabrichnaya, Energy, Ethereum, Federation Assembly, international financial system, Legislation, national currencies, OIL, parliamentary forum, R5 currency, Rand, real, renminbi, reserve currencies, reserve currency, ruble, rupee, Russia, Russian International Affairs Council, Sberbank, Settlement, summit, US Dollar, Valentina Matvienko, Vladimir Putin, Yaroslav Lissovolik / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar dependence by purchasing the Chinese yuan on foreign exchange markets. Roughly around the same

Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization Read More »