3 / 16 Relevant items tagged with #USDollar

Posts: 472

Posts

Payments in National Currencies Surge to 92% Among SCO Members

[Sep 1 2:30 AM] Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which…

Nigerian Firms Forecast Further Naira Depreciation

[Aug 24 12:30 AM] A recent Central Bank of Nigeria survey reveals that Nigerian businesses expect the naira to weaken further before strengthening in late 2024 or early 2025. This pessimism comes despite the CBN injecting millions into the forex market. The…

Bitcoin Price Could Surge 200% To Cross $100,000 If This Happens

[Aug 20 6:30 AM] A crypto analyst has predicted that Bitcoin (BTC), the world’s largest cryptocurrency could see its price surging as high as $100,000, representing a 200% increase from its current value. However, the analyst noted that this bullish projection…

Nigeria Acts to Stabilize Currency with Forex Auction

[Aug 4 3:20 PM] The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the local currency. The CBN has called on authorized dealer banks to share their respective lists of outstanding forex…