Naira’s Depreciation Blamed on Forex Shortages and High Demand
The Nigerian naira’s recent depreciation is caused by forex shortages and high demand, prompting economic concerns and the need for comprehensive solutions. The Nigerian naira’s recent loss in value has been closely linked to foreign exchange shortages on the official market along with a surge in demand for forex. This alarming development has sent shockwaves across the nation, raising concerns …
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Importers Face Reduced Disbursement of Dollars and Yuan by Argentina Central Bank
Importers in Argentina accuse the Central Bank of delaying dollar-based payments due to high freight costs, posing challenges for businesses and the country’s economic stability. Importers in Argentina have raised concerns about the Central Bank’s alleged delay in delivering dollar-based payments. They claim that the bank’s actions are a result of the exorbitant costs associated with freight, which are causing …
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New Non-Custodial Crypto and DeFi Wallet App Launched by Wallex․US
Fintech firm Wallex.US launches a cutting-edge non-custodial cryptocurrency and defi wallet app, addressing the growing demand for secure digital asset management. Fintech firm Wallex.US has recently announced the unveiling of a cutting-edge non-custodial cryptocurrency and decentralized finance (defi) wallet application. Catering to the rapidly growing demand for secure digital asset management, this app offers a reliable and encrypted solution for …
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Venezuelan Crypto Ecosystem Remains Disrupted 4 Months After Sunacrip’s Intervention
The Venezuelan cryptocurrency industry faces challenges and uncertainty following Sunacrip’s intervention and the arrest of its leader, impacting market participants and hindering growth. The Venezuelan cryptocurrency industry continues to face significant challenges, even four months after the intervention by Sunacrip and the subsequent arrest of its leader, Joselit Ramirez. This unfortunate situation has left the crypto ecosystem in disarray, with …
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West Demolished Global Trade System and Sparked Inflation Surge, Says Russian Banker
The imposition of Western sanctions on Russia devastates global trade and leads to significant inflation, raising concerns about the efficacy and consequences of punitive measures. Amidst an ongoing geopolitical turmoil, a prominent Russian banker has made a concerning statement, suggesting that the West’s imposition of sanctions on Russia has not only devastated the global trade system but has also led …
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Bank of Russia Governor Highlights Challenges in Creating Common BRICS Currency
Russia’s central bank governor underscores the challenges and importance of consensus in establishing a common currency for BRICS nations. In a recent statement, the governor of Russia’s central bank emphasized that the establishment of a common currency for the BRICS nations would necessitate the agreement of numerous parties. The announcement sheds light on the formidable challenges and complexities surrounding the …
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India Predicted to Surpass Major Economies, Goldman Sachs Report
India is projected to become the world’s second-largest economy by 2075, surpassing major global players, according to a report by Goldman Sachs. India could potentially surpass Japan, Germany, and the United States to become the world’s second-largest economy by 2075, as stated in a comprehensive report published by Goldman Sachs. This report sheds light on India’s immense growth potential and …
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Iranian Official: BRICS Gold-Backed Currency Will Benefit Iran
Iran plans to benefit from a new gold-backed currency within the BRICS group to challenge the dominance of the U.S. dollar, aiming to protect its financial stability. BRICS on the move 😎 @memelyxyz#HotNews #viralVideo #memely #o 32166 pic.twitter.com/20cuKmeoIh — 221213meme (@221213meme) July 9, 2023 Iran is set to reap the advantages of a new gold-backed common currency within the BRICS …
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Peter Schiff Warns of Looming Inflation Crisis as Federal Reserve Struggles
Economist Peter Schiff raises concerns about rising inflation and the Federal Reserve’s management, warning of potential severe economic consequences. In a recent statement, prominent economist Peter Schiff has expressed grave concerns about the US economy’s future as inflation rates continue to rise. Schiff, known for his accurate predictions about the 2008 financial crisis, believes that the Federal Reserve is struggling …
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Iran Advocates for De-Dollarization to Shape Fair International System
Iran seeks de-dollarization to establish a fair international system, safeguard financial independence and explore alternative financial mechanisms. Amidst ongoing efforts to create a more equitable global economic landscape, Iran has made a strong push for de-dollarization. Citing the need to shape a fair international system, the country has called for the removal of the dollar from global transactions. This move …
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