Texas House Advances Gold-Backed Digital Currency Bill
Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which is being discussed…
Russia Projected to Start Purchasing Chinese Yuan for Its Foreign Reserves as Soon as May
Russia will start to purchase Chinese yuan for its international reserves as soon as this month, according to reports from Russian economists. While analysts state that the purchases will be…
dollar reserves
Economics
IMF
IMF de-dollarization
IMF Kristalina Georgieva
IMF US banking crisis
Kristalina Georgieva
Kristalina Georgieva banking crisis
Kristalina Georgieva de-dollarization
IMF Chief Warns of More Weaknesses in US Banking Sector — Sees ‘Gradual’ Shift Away From US Dollar
International Monetary Fund (IMF) Managing Director Kristalina Georgieva expects “more vulnerabilities” in the U.S. banking sector amid a growing de-dollarization trend worldwide. “There has been a gradual shift away from…
Claudia Sahm
Economics
Economist
equity strategist
Federal Funds Rate
inflation
Interest Rates
Investors
jerome powell
Michael Wilson
Monetary Policy
morgan stanley
Paul Volcker
Sell Off
U.S. Federal Reserve
Wall Street
Morgan Stanley Strategist Warns of Equities Sell-Off in Response to ‘Hawkish’ Fed Message
On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street. He expressed his belief that a sell-off could be imminent, and that this…
Economics
Europe
India
Indian Rupee
Japan
Kotak Mahindra Bank
Russia
terrorism
U.s.
u.s. dollar
Uday Kotak
Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark
Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak…
alberto fernandez
Argentine Peso
China
Chinese Yuan
Economics
Sergio Massa
Settlements
trade
Xi Jinping
Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves
The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow…
Argentina Debates Dollarization in the Midst of Rampant Devaluation and Inflation
Javier Milei, a presidential candidate for the next election in Argentina, has presented a dollarization plan to fix the economy of the country if elected. The proposal, which has supporters…
Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar
Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak…
China US
China's Ministry of Foreign Affairs
Economics
Foreign Ministry
global financial instability
Global financial stability
IMF
US economic policies
US financial policies
China Warns of Global Financial Instability From US Economic Policies
China has urged the U.S. and other developed nations to assess the spillover effects of their economic and financial policies. “The economic and financial policies of the U.S. pose the…
Bank of Russia
Economics
Elvira Nabiullina
India
Janet Yellen
Joe Biden
Russia
Russia-Ukraine conflict
Sanctions
U.s.
Bank of Russia Has Stockpiled Reserve Comprised of Non-US Sanctioned Assets, Governor States
Elvira Nabiullina, governor of the Bank of Russia, has affirmed the bank has stockpiled reserves in assets that are not susceptible to being affected by U.S. sanctions. The official clarified…