Amid a worsening stand-off between East and West, Russia and China are increasingly contemplating using their own currencies in mutual settlements and finding ways to work together to counter sanctions, Moscow’s envoy in Beijing has disclosed. Speaking as part of an appearance on YouTube channel Soloviev Live on Wednesday, Andrey …
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A Central Bank Digital Currency (CBDC) should “complement, rather than replace, current forms of money and methods for providing financial services” the Federal Reserve Board of Governors said in a study released on Thursday, which it said was the first step in a public discussion about a “digital dollar.” Clocking …
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The holdings of gold in the foreign exchange reserves of the central banks have been growing worldwide, hitting a 31-year high this year. At the same time, US dollar holdings have been dropping. According to the World Gold Council, the banks have built up their stockpile by more than 4,500 …
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Dorsey shared his views on the future of the virtual currency via an exchange on Twitter with Grammy Award-winning rapper Cardi B. After she asked whether crypto would replace the greenback, Dorsey replied: “Yes, Bitcoin will.” The tweet prompted a massive reaction on the social media platform, with Dogecoin co-founder …
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“I hope I am smart enough to sell it during the next major strengthening,” Rogers said, as quoted by Russian business daily RBK. The investment guru admitted that people still see the US national currency as a safe haven during bad times. However, another appreciation might even result in a …
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“The US dollar has been losing world reserve status for decades. With or without bitcoin, the dollar is toast,” the host of RT’s Keiser Report and prominent crypto advocate says. Many members of the US Congress are concerned about the US dollar’s fate, and whether it will be able to …
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Speaking at the opening of the Russian-Chinese energy business forum on Monday, Igor Sechin of Rosneft said that Moscow and Beijing have “achieved historical success in developing comprehensive cooperation and strengthening comprehensive ties, and the industry is creating the basis for further increasing trade.” Sechin is known to be a …
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“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 …
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The renminbi (the official name of the Chinese currency) strengthened to 6.4497 yuan per dollar. Before that, China’s currency touched a one-week high against the greenback last Friday, booking its third straight weekly gain on news that US President Joe Biden and Chinese President Xi Jinping spoke for the first …
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With Kabul falling before even American troops could get out, let alone those Afghans unfortunate enough to have put their lives on the line to support them, Biden sought to defend his unilateral withdrawal. “As we turn the page on the foreign policy that has guided our nation the last …
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