Search Results for: erode

10 Les nations d'Asie du Sud-Est défient la domination du dollar en poussant pour les monnaies locales

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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, Philippines, Singapour,…

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…

Poussée vers la dédollarisation des BRICS, Chine, et la crypto menace la domination du dollar américain: Analyste

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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…

Turbulences extrêmes du marché: Les critiques qualifient le Silvergate de Warren de « terriblement mal informé »," SVB s'effondre, La vente de jetons de Vitalik fait bouger les marchés, and More — Week in Review

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

As the Fed Turns 109 Years Old, the US Dollar’s Purchasing Power Eroded by More Than 96% Since It Was Created

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109 years ago, les Etats Unis. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped a great deal. Since the Fed started, plus que 96% of the greenback’s purchasing power has been erased…

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…

Les législateurs américains présentent un projet de loi autorisant les investissements dans la cryptographie 401(k) Plans de retraite

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Plusieurs États-Unis. 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,…

La société Blockchain Animoca Brands augmente: La société Blockchain Animoca Brands augmente

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

Edward Snowden qualifie les CBDC de "monnaie cryptofasciste" - "plus proche d'être une perversion de la crypto-monnaie"

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