Search Results for: Egypt

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

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The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments…

BRICS Nations Working on Creating New Currency to Be Discussed at Next Leaders Summit: Prüfbericht

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The BRICS nations are reportedly working on developing a new form of currency, which is expected to be discussed at the next BRICS leaders’ summit, according to a top Russian official. “The transition to settlements in national currencies is the first…

Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket

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Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “Bankenkollaps,” und “bank failure.”…

Prüfbericht: Verhaftung der ägyptischen Polizei 29 Mutmaßliche Drahtzieher des Krypto-Mining-App-Betrugs

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Berichten zufolge hat die ägyptische Polizei kürzlich Festnahmen vorgenommen 29 Personen, die mit dem Betrug mit der Kryptowährungs-Mining-App Hoggpool in Verbindung stehen. Zusätzlich zum Ergreifen 95 Mobiltelefone und 3,367 SIM-Karten, Die Polizei gab an, dass inländische und ausländische Währungen geschätzt werden $194,000 war…

Egyptian Fintech MNT-Halan Secures $400 Million in Funding, Valuation Rises to Over $1 Milliarde

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Egyptian fintech MNT-Halan announced on Feb. 1 that it had raised over $340 million via debt and equity and it expects to raise an additional $60 million from leading international investors. The latest funding round sees MNT-Halan’s valuation rise to over…

Ghanaian Cedi Second Worst-Performing Asset Among Sub-Saharan Africa’s Top 15 Currencies

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In just the first 17 days of the new year, the Ghanaian currency reportedly depreciated by 12.7%, making it the second worst-performing among Sub-Saharan Africa’s top 15 Währungen. While one U.S. dollar bought 13.10 units of the cedi on the parallel…

Prüfbericht: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime

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The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange…