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Tag Archives: Currency

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Russia makes debt payments in foreign currency – media

Russia made coupon payments on two outstanding Eurobonds in foreign currency on Friday, Reuters reported, citing a representative from Russia’s National Settlement Depository (NSD). The coupons on Eurobonds maturing in 2026 and 2036 were due to be paid on May 27. The country forwarded the two payments to the depository …

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Ruble named world’s best-performing currency

The Russian ruble has eclipsed 31 major currencies in growth since the start of 2022, becoming the globe’s best-performing currency, Bloomberg reported on Wednesday. According to the publication, the ruble has strengthened against the US dollar by more than 11% since the beginning of the year. On the international currency …

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First African nation adopts Bitcoin as currency

The world’s most popular cryptocurrency – Bitcoin – has become legal tender in the Central African Republic. Lawmakers unanimously voted to adopt Bitcoin alongside the country’s traditional currency, the CFA franc, and the country’s President signed the measure into law on Wednesday, the president’s office said in a statement. The …

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Russia eases rules on foreign currency

The Bank of Russia is lifting temporary capital control measures that banned individuals from buying foreign currency, the central bank said in a statement on its website on Friday. Starting April 18, Russian citizens will once again be allowed to buy foreign currency at banks, as well as withdraw funds …

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IMF evaluates yuan’s share in global currency transactions

Claims in Chinese yuan amounted to $336.1 billion in the fourth quarter of 2021, accounting for 2.79% of the total allocated foreign exchange reserves, the International Monetary Fund’s (IMF) survey showed on Thursday. According to its Currency Composition of Official Foreign Exchange Reserves (COFER) data, the Chinese currency’s share has …

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Ruble rockets on gas currency switch

The ruble has surged on Wednesday after the announcement that payments for gas exports to certain Western countries will be switched to Russia’s domestic currency. The Russian currency immediately rose to a three-week high of 95 rubles against the dollar, before settling below 100. It also gained 3.5% against the …

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Russia sets new foreign currency rules

Russian President Vladimir Putin on Friday signed a decree introducing additional and temporary economic measures regulating financial operations with foreign creditors. The measures aim to ensure the country’s financial stability amid Western sanctions. The document boosts the powers of the central bank with regard to operations with foreign financial institutions. …

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WATCH: Police put down mass protests sparked by plummeting currency

Officers wearing helmets and carrying shields are seen cordoning off streets in Istanbul, while police in lighter gear infiltrated the crowds and forcefully dragged away some protesters, in footage from RT’s Ruptly video agency. There was a massive police presence as people flooded the streets of the Turkish city on …

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Collapsing currency leads to mass protests (VIDEOS)

On Tuesday evening, protesters marched down the streets of Ankara’s Çankaya neighborhood, where most Turkish government buildings and government institutions are located. They chanted “istifa” (resign) and the name of Erdogan’s ruling party, the Justice and Development Party (AKP). Many blew whistles and banged pots and pans to make noise. …

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