Now Zimbabwe To Launch Gold-Backed Digital Currency
The Reserve Bank of Zimbabwe has announced that Zimbabwe will launch a gold-backed digital currency, dumping the US dollar. Zimbabwe has become the latest country to dump dollar and has decided to issue gold-backed digital currency for “investment purposes with a vesting period of 180 days.” The country’s central bank has revealed that these tokens […]
China’s Project To Connect Kashgar To Gwadar Via Kashmir
After an assessment by scientists from the state-owned China Railway First Survey and Design Institute Group Co. Ltd., under the guidance of the institute’s deputy director of capital operations, Zhang Ling, China’s project to connect Kashgar to Gwadar via Kashmir has received the green light. Chinese President Xi Jinping has green signaled the largest Belt […]
Yuan Overtakes Dollar To Become Most-Used Currency In China’s Cross-Border Transactions
According to official reports, the yuan has overtaken the dollar to become the most-used currency in China’s cross-border transactions, with it being used in 48.4% of all such transactions.
Meet Janardhan, A 29-Year-Old Auto-Driver From Bengaluru Whose Youtube Channel On Finance Went Viral
After a recent post on Twitter, the YouTube channel ‘Gold Janardhan Investor’ on finance, belonging to Janardhan, a 29-year-old auto driver from Bengaluru, has gone viral.
India Signs Deal To Adopt Moscow’s SPFS System For Banking Payments To Russia
According to a report from The New Indian Express, India has signed a deal to adopt Moscow’s SPFS system for banking payments to Russia.
Indonesia Follows BRICS’ Lead, Ditches Dollar For Local Currency
The country’s central bank governor said that Indonesia is following the lead of BRICS countries in de-dollarization as it ditches the dollar in favor of its local currency.
China’s Changshu City Employees To Receive Salaries In Digital Yuan
According to an official report, employees in Changshu, China, will receive their salaries in digital Yuan from May 2023.
Zimbabwe’s Central Bank To Issue Gold-backed Digital Currency: Report
According to a report, the Reserve Bank of Zimbabwe is planning to issue a gold-backed digital currency.
The $20 Trillion Dollar World Financial Collapse?
With the national debt of the world’s reserve currency soon expected to exceed $32 trillion, some are predicting a potential $20 trillion dollar global financial collapse.
Visualizing The S&P 500 In 2023 So Far
The animation from Visual Capitalist’s Jan Varsava visualises the S&P 500 in 2023. So far, Nvidia shares have gained the most of all the companies on the S&P 500 in Q1 2023.