In bolivars, only the equivalent of 3.24 billion dollars circulates, estimates say. The dollars circulating in Venezuela are stagnant because dollarization is informal. In Venezuela, the circulation of US dollars in cash doubled that of bolivars, the local currency. According to the most recent study by the socioeconomic analysis firm Ecoanalítico, in November of this … Read more
Following the fall of Bashar al-Assad’s regime, the value of the Syrian currency increased against the US dollar, but commodity prices remain high. Residents say that traders are taking advantage of the situation and official monitoring bodies are not stopping it properly. Click here to see the full story in Kurdish. Source link
Zurich – The Financial Stability Board (FSB) on Wednesday made recommendations to governments to reduce risks around hedge funds, insurers and other non-bank financial intermediaries, which now account for almost half of global financial assets. The sector of non-bank financial intermediation is projected to grow by nearly 130% between 2009 and 2023, according to the … Read more
Since Donald Trump was declared president-elect of the United States, the Chinese capital market has experienced an unprecedented flight of foreign funds, calling into question the de-dollarization process that the Asian country began to promote together with some members of the group of the BRICS (Brazil, Russia, India, China and South Africa, among other countries … Read more
In the face of Donald Trump’s threats to charge tariffs on countries that try to abandon the dollar for international trade, Russian State Duma Vice President Alexander Babakov said such an application “was unlikely.” Trump issued this warning earlier this month, directing his words primarily to the countries that make up the BRICS, the regional … Read more
Under current economic conditions in Venezuela, everyday transactions are controlled by the bolivar, the local currency. Although it is something logical to think, this occurs in the midst of an economy that, for several years, was practically controlled by the US dollar informally. According to the most recent study from the socioeconomic analysis firm Ecoanalítica, … Read more
The book documents 5 projects that are using Bitcoin for all day to day transactions. That movement began in Latin America, where it continues to grow and expands to Africa. “Bitcoin Circular Economies: Stories of Hope Built on the Sovereign Money of the Future” documents the development of five community projects with Bitcoin as their … Read more
Bitcoin surpassed $100,000 for the first time in its history, a milestone. The rise of bitcoin responds to the currency’s own fundamentals, beyond other factors. This Thursday, December 5, bitcoin (BTC) recorded a milestone by surpassing the USD 100,000 barrier for the first time in its history. This event not only marks a historic aspect … Read more
Moody’s highlights that the new rating “reflects the moderate economic strength of El Salvador” The firm sees a structural improvement in the security situation and the government’s liquidity. On Tuesday, November 26, the credit rating agency Moody’s announced an improvement in El Salvador’s risk rating, raising it from Caa1 to B3. This new rating, which … Read more
The president of Argentina, Javier Milei, defines himself as “an anarcho-capitalist libertarian,” adding that these concepts are what show his ideal state, one that does not necessarily coincide with the actions he follows because “real life has a lot of restrictions.” . This is how the president expressed himself during an extensive interview made by … Read more