Search Results for: erode

10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies

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The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippinen, Singapur,…

Saudi Arabia Joining BRICS Would Accelerate Chinese Yuan’s Use as Trading Currency, Says Professor

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Professor Ashok Swain of Uppsala University’s Department of Peace and Conflict Research says Saudi Arabia joining the BRICS economic bloc “would accelerate the bilateral trading being conducted using the yuan as the trading currency. ” How Saudi Arabia Joining BRICS Could Boost…

BRICS Currency Will Erode US Dollar’s Dominance, Former White House Economist Warns

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Former White House economist Joseph Sullivan has warned that a BRICS currency would erode the U.S. dollar’s dominance. If member nations use only a common BRICS currency for international trade, “they would remove an impediment that now thwarts their efforts to…

BRICS De-Dollarisierungsschub, China, und Krypto bedrohen die Dominanz des US-Dollars: Analytiker

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Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that China…

Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, und mehr – Wochenrückblick

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It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, UNS. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals on social media pointing out that Warren is “terribly misinformed.” zusätzlich, UNS. Regler…

Wie sich die Fed dreht 109 Jahre alt, Die Kaufkraft des US-Dollars wurde um mehr als erodiert 96% Seit seiner Entstehung

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109 Jahre zuvor, die USA. Die Federal Reserve wurde gegründet und hat seitdem nichts verloren, die Kaufkraft der USA. Der Dollar ist stark gefallen. Seit es die Fed gibt, mehr als 96% des Greenbacks’Die Kaufkraft wurde ausgelöscht…

Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid

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The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the…

US Lawmakers Introduce Bill Allowing Crypto Investments in 401(k) Retirement Plans

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Several U.S. lawmakers have introduced the Retirement Savings Modernization Act to provide 401(k) retirement savers access to a wide range of investments, including crypto assets. “With inflation at record highs, a stock market downturn, and a potential recession on the horizon,…

Bank von Israel: Die Einführung von CBDC wird das Bankensystem nicht wesentlich beeinträchtigen

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Israel’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” Die Bank, jedoch, warns that any issuance of such digital currency will likely result in a decline of the volume of…

Edward Snowden nennt CBDCs „kryptofaschistische Währung“ – „eher eine Perversion der Kryptowährung“

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Im Oktober 9, whistleblower and privacy advocate Edward Snowden published an opinion editorial concerning central bank digital currencies (CBDCs) and claimed CBDCs are “the newest danger cresting the public horizon.” Snowden stressed that rather than being an innovation, CBDC’s are “closer…