Tag Archives: dollar

Anton Siluanov said that the National Wealth Fund would reduce its share of dollars to zero within the next month. Speaking as part of the St. Petersburg International Economic Forum, he said that the process would be “fast enough” and would mirror a similar move by the country’s central bank …

The attack naturally led to higher gasoline prices and a run on gas as drivers worried about looming shortages while Colonial Pipeline Co. worked to restart the flow of fuels. Yet the higher prices at the pump and a possible shortage of fuel supplies are the smaller problem. It is, after all, …

Thus, the share of the euro in Russia’s forex reserves decreased over the past year by 1.6 percentage points to 29.2% as of January 1. The share of the greenback dropped 3.3 percentage points, to 21.2%. The British pound’s share was also slightly down – by 0.2 percentage points, to …

In April, US President Joe Biden unveiled a new package of sanctions against Russian businesses and officials, while, at the same time, effectively banning American financial institutions from buying shares in Russian sovereign debt. Officials in Washington described the restrictions as a “proportional” response to alleged meddling by Moscow in …

The National Nuclear Security Administration (NNSA), the federal agency responsible for nuclear research and weapons manufacturing in the US, has approved the first design phase for the new project. At least 30 plutonium pits per year will be built to “meet national security needs,” the NNSA said in a statement …

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 …

Officials at the Treasury, State Department, Pentagon, and National Security Council are currently trying to explore the potential implications of China’s new sovereign digital currency, people familiar with the matter told Bloomberg. The presidential administration is reportedly not concerned about the immediate challenge the e-yuan might pose to regulatory frameworks …

Haaland’s performances this term for Borussia Dortmund have earmarked the 20-year-old Norwegian as football’s most in-demand young talent, leading to speculation that a transfer tug-of-war is about to begin after Raiola and Haaland’s father, former Manchester City player Alf-Inge, embarked on a whirlwind tour in recent days, meeting with a host of …

He added that Beijing has tried to use the euro in the same way. Speaking at a virtual event hosted by the Richard Nixon Foundation, Thiel, who is a major investor in virtual currency ventures as well as in cryptocurrencies themselves, said that the US should consider tighter regulations on cryptos.  While commenting on …

Australia’s decision to invest AU$1 billion in building its own weapons facility instead of importing them from abroad should be seen for what it really is, a distraction from a disgraceful series of sex scandals that have rocked the government and a return to the paranoid Sinophobia that has existed …