Tag: Currency
Turkish lira falls to record low after election
Türkiye The Turkish lira is at a record low. (Photo: Bloomberg) Turkey’s national currency, which had been weak for months, fell to a record low again after President Tayyip Erdogan’s…
Turkey’s central bank sells tons of gold
gold bar Last year, Turkey was the front runner among central banks when it came to gold purchases. (Photo: dpa) Frankfurt Turkey’s central bank dumped dozens of tons of gold…
Markets had bet on a victory for the opposition – now Erdogan is ahead
Ankara The uncertainty about the outcome of the presidential elections in Turkey unsettles investors. After a temporary interruption in trading, Turkey’s leading index in Istanbul is falling by up to…
Altcoin Bought Plenty by Turks Becomes ‘Crypto Currency of the Day’!
Shiba Inu, which attracts a lot of attention in Turkey, received the title of “Crypto Currency of the Day” in LunarCrush. Thus, according to some, it proved its worth once…
“The decoupling has long since taken place”
Nouriel Roubini According to the US economist, a bipolar currency regime could be created. (Photo: Reuters) Fragmentation, over-indebtedness, inflation – Nouriel Roubini’s view of the global economy is mostly characterized…
“The mighty dollar does not age gracefully”
Nouriel Roubini According to the US economist, a bipolar currency regime could be created. (Photo: Reuters) Fragmentation, over-indebtedness, inflation – Nouriel Roubini’s view of the global economy is mostly characterized…
CBDC Currency Officially Banned in Florida
The use of central bank cryptocurrencies is now officially illegal in one of the largest states in the United States. Republican governor of Florida Ron DeSantis, announced in an official…
Why the US currency is more vulnerable than ever
The vulnerable US dollar The debate about the impending US default is weakening confidence in the US financial system. This hits the world’s number one currency in a critical phase.…
Why the US currency is more vulnerable than ever
The vulnerable dollar The debate about the impending US default is weakening confidence in the US financial system. This hits the world’s number one currency in a critical phase. The…
Why the US currency is more vulnerable than ever
The vulnerable dollar The debate about the impending US default is weakening confidence in the US financial system. This hits the world’s number one currency in a critical phase. The…
President Lagarde explains the renewed interest rate hike in the euro area
As expected, the ECB raised interest rates in the euro area. For the first time since the beginning of the rate hike cycle last summer, the central bank chose an…
Gold: Crisis currency rises to record level
gold rate Investors resort to gold as a crisis currency. (Photo: dpa) Zurich, Dusseldorf The price of gold rose to its highest level since August 2020 on Thursday night. According…
Barry Eichengreen: “Bond prices can fall abruptly”
Economist Barry Eichengreen “Inflation will come off its peak but will remain well above the Fed’s 2% target. The core rate of inflation is still well over five percent.” (Photo:…
Double currency disaster in the dollar! – Cryptokoin.com
It is customary at weddings… Dollars scatter into the air… At a wedding, “Why? dollar are you throwing?” I asked. Honestly, I wasn’t expecting a logical answer. The man said,…
Nikkei breaks the 29,000 point mark
Stock exchange board in Tokyo on Monday Investors are eyeing interest rate decisions in the US and Europe this week. (Photo: AP) Tokyo The Japanese stock index Nikkei broke through…
Would It Be Better If All Countries Used One Currency?
If you thought it would be better if the whole world used the same currency, you are not alone. The famous economist John Maynard Keynes had such an idea. The…
USA Decides In 2 Crypto Currency Cases!
The final decision has been made in the crypto money lawsuits against the African Gold Acquisition Corporation and Mirror Trading executives. A US court sentenced executives accused of fraud to…
Digital Currency Statement from the Minister of Finance of Russia: “The Use Will Be Completely Unlimited”
Russian Finance Minister Anton Siluanov said in a statement that the use of digital currencies for international payments will be completely unlimited. “We are launching an alternative payment system based…
The EU Commission wants to save the Stability Pact
Brussels Christian Lindner left no stone unturned, he also published an article for the “Financial Times” on Tuesday. However, the Federal Minister of Finance’s efforts to force the EU Commission…
Gold Backed Digital Currency Step From African Country
The central bank of Zimbabwe, an African country struggling with inflation, is preparing to issue a gold-based digital currency to be used as a legal payment instrument in the country.…