Search Results for: FMI

G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank Governor

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The G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber security, India’s central bank governor reportedly said. Crypto regulation was among the key topics discussed during the G20 meeting over…

El FMI pide "más" regulación criptográfica: dice que la prohibición debería ser una opción

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Fondo Monetario Internacional (FMI) La directora general Kristalina Georgieva dice que las criptomonedas son necesarias “más regulación.” Ella añadió, “No deberíamos retirar de la mesa la prohibición de esos activos.,” si la regulación falla o su implementación es demasiado lenta. FMI’El jefe de s pide una mayor regulación de las criptomonedas…

Informe del FMI sobre la adopción de Bitcoin en El Salvador: Riesgos Evitados, pero se necesita transparencia

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Según una reciente declaración de misión publicada por el Fondo Monetario Internacional (FMI), El Salvador ha adoptado bitcoin como moneda de curso legal y ha evitado riesgos hasta ahora. The IMF states that the risks have not materialized due to the limited use…

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 monedas. While one U.S. dollar bought 13.10 units of the cedi on the parallel…

Reporte: 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…

Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

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According to the International Monetary Fund (FMI)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said Nigeria…

While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200%

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Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show the country’s inflation rate topped 85.5% año con año. The inflation rate in Turkey has risen for 17 consecutive months and last month it reached a 24-year high….

EU Commissioner Urges US to Create New Crypto Rules — Says ‘We Need to Look at Global Regulation of Crypto’

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The European Commission’s commissioner for financial services has reportedly urged U.S. lawmakers to establish new rules to regulate the crypto industry. “We do need to see other players also legislating … We need to look at global regulation of crypto,” dijo…

El yen japonés cae al mínimo de 32 años frente al dólar estadounidense: se espera otra intervención de las autoridades

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The Japanese yen’s exchange rate versus the U.S. dollar recently plunged to its lowest rate in 32 years — 147.66 JPY per dollar. The yen’s latest fall comes less than a month after its slip in September prompted authorities to enter…

Bitcoin-Embracing El Salvador President’s Re-Election Declaration Slammed

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Just over a year after overseeing El Salvador’s adoption of bitcoin, the Central American country’s 41-year-old president, Nayib Bukele, recently declared his intention serve another five-year term. The announcement has been criticized by some who have been quick to remind Bukele…