Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We’re supposed to be horrified and worried that the US might default on some of its debt. Some commentators will insist the US has never defaulted, and that default be a
According to Australia’s Reserve Bank, the country is removing the British monarchy from its bank notes, and the $5 note will have a fresh design in place of the late queen’s image.
According to central bank chief Riad Salameh, Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on February 1, which will devalue the currency by 90%.
SAMA is currently researching the market preparedness, potential efficiency, and speed of applications for digital currency payment systems. Saudi Central bank is testing digital currency.
According to reports, the Central Bank of Iran and the Russian government are working together to issue a new stablecoin that is backed by gold to be used in overseas trade.
The data from the Ipsos Global Advisor Predictions polls from 2019–2023 suggest that the global stock markets might crash in 2023, as the majority of the respondents from all around the world said that the likelihood of a worldwide stock market meltdown in 2023 was higher than it was lower.
The news organisations, which include the AP, Bloomberg, CNBC, WSJ publisher Dow Jones, the Financial Times, Insider, and WaPo, as well as a separate request from the New York Times, have requested that the people who guaranteed Bankman-Fried’s $250 million bond to be revealed.
The world’s largest supplier of crude oil, Saudi Arabia, is open to negotiating non-dollar oil trade settlements, according to Mohammed Al-Jadaan, the Saudi finance minister, in an interview with Bloomberg TV on Tuesday in Davos.
The infographic below shows the security features of the American dollar and how to distinguish the real from counterfeit ones.
The use of the US dollar by President Joe Biden to impose sanctions on Russia this year and new technical advancements all encourage countries to start undermining its hegemony and suddenly hunting for alternatives to the US dollar.