2 / 17 Relevant items tagged with #UsDollar

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Russian Finance Minister: Western Policies Hurt the US Dollar

[Oct 11, 2024 9:30 PM] Russian Finance Minister Anton Siluanov believes that the policies of the US and its Western allies are affecting the role of the U.S. dollar as a reserve currency. Siluanov stated that while the U.S. dollar will remain popular, the BRICS bloc will…

Jim Rickards: Gold Might Avoid Crypto Substituting the US Dollar

[Oct 7, 2024 10:30 PM] Renowned economist Jim Rickards explained that buying gold to back the dollar would restore confidence in the currency, avoiding a long-term decline. He stated that the currency should not be taken for granted, as new forms of money like crypto…

Zimbabwe Injects $50 Million to Bolster Devalued Currency

[Oct 5, 2024 10:30 PM] The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry leaders believe the bank is not doing enough to facilitate the smooth operation of the market. They…

Nigeria Introduces System to Boost Forex Market Transparency

[Oct 5, 2024 9:30 PM] The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and…