Tag Archives: Currency

“The possibilities are endless here, it’s just about willpower and that we have the means and the ability to start these projects,” Daniel Alvarez, president of the state-run Lempa River Hydroelectric Executive Commission (CEL) revealed on Friday, stating that El Salvador has resources to generate electricity for the mining process …

“It seems to me that the United States is making a very big mistake by using the dollar as a sanctions instrument… by preventing payment in dollars for the sanctioned products,” Putin told CNBC’s Hadley Gamble on Wednesday, after a panel at the Russian Energy Week. Countries facing US sanctions, like …

“International reserves stood at $590.5 billion as of April 30… as a result of foreign exchange purchases under the fiscal rule, as well as a positive revaluation,” the regulator said. Russia’s international reserves are highly liquid foreign assets comprising stocks of monetary gold, foreign currencies, and Special Drawing Rights (SDR) …

A significant portion of the unprecedented drop in the use of US currency was recorded in trade with China, according to the data revealed by Russia’s central bank on Monday. More than three-quarters of the trade turnover between the countries are now transacted in the euro. The euro’s share in …

The Chinese authorities have been long mulling the widespread launch of the country’s digital currency and have conducted massive tests across the country. RT’s Boom Bust discussed how the development of the digital yuan may affect its role in the international financial system and the dominant position of the US …

The Lebanese pound has lost roughly 85 percent of its value in recent months and slid to a record new low on Saturday, falling to 12,500 pounds to the US dollar on the black market, though the official rate remains at roughly 1,500 pounds to the dollar.  In response, there …

Joining Max Keiser in the latest episode of RT’s Keiser Report, Celente said that China is the top trend of this year. It is also projected to dominate the whole 21st century, like the US did after World War II, and is on path to replace America, according to the …

The State Bank of Vietnam responded to a new US Treasury Department report in a statement on Thursday morning, rejecting charges that it manipulated its currency to create “unfair advantages for foreign competitors” but saying it is nonetheless willing to discuss the matter with US officials. Arguing that its monetary …

For several years now, China has been developing the digital yuan, the first cryptocurrency from a central bank and government in the world. And it’s nearing completion.  Chinese online retailer JD recently began accepting it as a payment method as the government trials its use by giving citizens up to $3 …

According to the bank’s deputy governor, Fan Yifei, the currency has been used for more than 1.1 billion yuan ($162 million) worth of transactions. Pilots will also be conducted at the Beijing Winter Olympics in 2022, he said.  The pilot programs have made “positive progress,” with more than 6,700 use cases implemented as of late …