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China’s Digital Yuan and the Shifting BRICS Dynamics In a landmark move, China has successfully completed its first cross-border oil transaction using the digital yuan, marking a significant milestone in the ongoing global trend of de-dollarization. This development has been further accentuated by the recent inclusion of Saudi Arabia and the United Arab Emirates (UAE) … Read more
In the midst of a global landscape characterised by mounting inflationary pressures, geopolitical tensions, and various economic challenges, foreign currency reserves play a crucial role in safeguarding a nation’s economic stability. With this in mind, FOREX.com commissioned an analysis of the foreign exchange reserves held by 94 countries between Q1 2019 – Q2 2023, to … Read more
Brazil’s Real is among the currencies that increased the most since the pandemic, with a 2.77% decrease against USD. That’s according to new research from the experts at City Index, who have analysed countries with the highest GDP and local currency strength against the USD to highlight which currencies have shown the largest growth following the … Read more
Open AI; Is $4 Trillion in U.S. Wealth Held Offshore? It is difficult to determine the exact amount of U.S. wealth held offshore, as such data is often not disclosed or easily accessible. However, according to a 2017 report by the National Bureau of Economic Research, it was estimated that the total amount of U.S. … Read more
How long will the U.S. Dollar remain the Global Reserve Currency? It is difficult to predict with certainty how long the U.S. Dollar will remain the global reserve currency. However, there are a few factors that are worth considering. Firstly, the dominance of the U.S. Dollar as the global reserve currency has been in place … Read more
£1,000 investments into 7 of the UK’s most popular investments from last year have been tracked throughout 2022 12, January, 2023, LONDON – The US Dollar has topped the Finder Investment Challenge in 2022, making it the first time in 3 years the Bitcoin hasn’t been the most successful choice. Every year, the personal finance comparison site follows the most popular … Read more
There are four over-riding investments themes that investors will be watching and positioning for in 2023 in order to build their wealth, says the CEO and founder of one of the world’s largest independent financial advisory, asset management and fintech organizations. Nigel Green of deVere Group’s comments come as global investors and savers take stock … Read more
The phrase “central bank digital currency” (CBDC) has been used to refer to various proposals involving digital currency issued by a central bank. A report by the Bank for International Settlements states that, although the term “central bank digital currency” is not well-defined, “it is envisioned by most to be a new form of central bank money, hence the Rainbow … Read more
BUDAPEST, Hungary, Dec. 15, 2017 /PRNewswire/ — The year 2017 may very well be a historical one to remember due to outstanding returns and euphory on the markets, believes Innovative Securities. The company’s analysis about 2017 reminds that although there were several uncertainties at the beginning of the year, none of them hurt the optimistic atmosphere of … Read more