Gold Becomes a Safe Haven for African Nations Facing Currency Losses
The move to gold is to diversify holdings and reduce reliance on the US dollar. African ...
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Tag: currency
Malaysia Ringgit Hits Lowest Point 26 Years After Asian Financial Crisis
Analysts remain optimistic about the ringgit’s potential for appreciation this year, attributing it to positive developments ...
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De-dollarization: The Push to Reduce Reliance on the US Dollar
The US dollar has been the world’s reserve currency, a global unit of account, and the ...
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Lebanon to Devalue Its Currency By 90%
Lebanon to Devalue Its Currency By 90% Riad Salameh, the governor of the Lebanese Central Bank, ...
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In new move in 2022, IMF raises weighting of dollar, yuan in Special Drawing Rights basket
In a boost to China’s efforts in opening up its financial markets, the International Monetary Fund ...
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Central African Republic (CAR) becomes No. 2 country to adopt bitcoin as new legal tender
After El Salvador last year, The Central African Republic (CAR) has become the second country to ...
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