Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls
In the primary month of 2024, Nigeria’s headline inflation rose from practically one % to 29.9%. However, on a year-on-year foundation, the January 2024 headline...
SEC Chair Gary Gensler Outlines ‘Very Real Economic Difference’ Between Bitcoin and US Dollar
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has outlined a “very real economic difference” between crypto like bitcoin and fiat currencies just like...
Crypto Community Fires Back at Hillary Clinton’s Criticism of Bitcoin Undermining US Dollar as Reserve Currency
The crypto business has responded to criticism from Hillary Clinton, who mentioned that cryptocurrency can undermine the position of the U.S. greenback because the world’s...
Russian President Putin Discusses Dedollarization — Calls US Dollar Weaponization a ‘Grave Mistake’
Russian President Vladimir Putin says the U.S. greenback is the principle weapon utilized by the United States to protect its energy internationally. However, he confused...
Nigeria Forex Crisis: Central Bank Removes Cap on Exchange Rate for International Money Transfer Operators
The Central Bank of Nigeria introduced on Jan. 31 that it had eliminated caps on naira payout charges that worldwide cash switch operators are allowed...
BRICS Meeting: Iran Pushes for Common Currency — China, Russia Prioritize Settlements in Local Currencies
The first BRICS sherpa assembly with 10 member states has kicked off in Russia with representatives from Brazil, Russia, India, China, South Africa, Saudi Arabia,...
US Sanctions on Russia Similar to Planting a ‘Bomb Under the Dollar,’ Says Russian Analyst
The United States’ sanctions towards Russia are undermining confidence within the U.S. greenback and will pressure different international locations to ditch the forex, a Russian...
Nigerian Currency Plunges to New Low Versus the USD, Central Bank Governor Says Naira is ‘Undervalued’
The Nigerian forex reportedly plunged to a brand new low versus the U.S. greenback on the official market on Jan.25. Central Bank governor Olayemi Cardoso...
Amid Rising ‘National Divorce’ Talks, Exploring the Potential Impact on US Dollar in Hypothetical Second Civil War
In the wake of Texas Governor Greg Abbott’s newest declaration, emphasizing Texas’ inherent constitutional proper to defend itself and pointing to the Biden administration’s lack...
IMF Chief Sees Crypto as Asset Class — Says Bitcoin Won’t Dethrone US Dollar as Dominant Currency
International Monetary Fund (IMF) chief Kristalina Georgieva sees crypto as an asset class, not cash. She dismissed issues of bitcoin doubtlessly displacing the U.S. greenback...