Russia-China trade and economic cooperation has been expanding, with over 80% of settlements between the two nations currently made in rubles and yuan, President Vladimir Putin has revealed. DETAILS TO FOLLOW
Read More »India about to switch to domestic currencies in trade with Russia
A system allowing direct rupee-ruble payments in trade between Russia and India could be launched this week, the president of the Federation of Indian Export Organizations (FIEO), A Sakthivel, told CNBC on Wednesday. The arrangement would allow India and Russia to carry out financial operations bypassing the US dollar. Russia …
Read More »Cyberattacks show the risks of digital currencies and centralised control – we need a return to community banking
The Miami, Florida-based IT company Kaseya found at the beginning of July that its IT management software Virtual System Administrator (VSA) had been hijacked by hackers with ransomware, asking for US$70 million to release its grip. Kaseya serviced around 1,500 customers across the globe, according to Reuters, and, when faced …
Read More »Russian ruble is one of the most attractive emerging market currencies in post-pandemic world – Goldman Sachs
In a note released earlier this week and cited by CNBC, a team of Goldman strategists said that Russia’s national currency closely follows the South African rand and the Mexican peso in the list of most attractive among “high cyclical beta, high carry longs.” The former reflects a currency’s sensitivity …
Read More »Russians advised to keep savings in multiple currencies
President, Chairman of the Board of Sberbank German Gref advises Russians to preserve savings store them in several currencies — the ruble, dollar, Euro and Swiss franc. He stated this in an interview with the Chairman of the Committee on budget and taxes of the state Duma Andrey Makarov “We …
Read More »Russians advised to keep savings in multiple currencies
President, Chairman of the Board of Sberbank German Gref advises Russians to preserve savings store them in several currencies — the ruble, dollar, Euro and Swiss franc. He stated this in an interview with the Chairman of the Committee on budget and taxes of the state Duma Andrey Makarov “We …
Read More »BP introduced a bill to legalize crypto-currencies
MPs from the people’s front and the PPB has made his version of the bill on cryptocurrency circulation in Ukraine. A bill to legalize cryptocurrencies and regulation of legal relations in the sphere of circulation, storage, use and conduct transactions with cryptocurrencies were introduced to the Verkhovna Rada of Ukraine. …
Read More »Rates of major crypto-currencies have fallen sharply
During the day, Bitcoin has lost more than 6%. Over the past day rates of major cryptocurrencies, including Ethereum, Ethereum Classic, zcash for, Monero, Siacoin, fell by more than a quarter. “Ether”, which cost early in the week, $ 240, on the morning of 11 June, you can buy 170-175 …
Read More »NBU allowed to open accounts in exotic currencies
First of all it will affect countries with which there is tourist and trade Today, June 26, the national Bank has allowed the Ukrainians to exchange non-cash/cash currency to any other, which is the 2nd group of the classifier of currencies (includes 104 currency). This is a non-convertible currency, like …
Read More »