Putin Cancels $20 Billion Of African Debt
March 25, 2023
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At the International Parliamentary Conference, Putin announced that he would cancel $20 billion of African debt.
At the International Parliamentary Conference, Putin announced that he would cancel $20 billion of African debt.
The central bank’s spokesperson, Erwin Haryono, said that Indonesia plans to ditch Visa and Mastercard and is in talks with local businesses.
A counterfeit $1 million note was sold for a whopping PKR 100 million to a trader in cash-strapped Pakistan’s Muzaffargarh district.
Bloomberg reported that the US is studying how to guarantee all $18 trillion in US bank deposits.
According to Reuters, Russia has overtaken Saudi Arabia to become China’s top oil supplier after Chinese imports of crude from Russia jumped by 23.8% year over year to 1.94 million barrels per day (bpd) in January and February 2023.
Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.
According to sources in the intelligence community, Interpol has dropped fugitive diamantaire Mehul Choksi from the “Red Corner list, and he can now travel freely.
After it would borrow up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank, people are wondering what’s next after Credit Suisse.
The Reserve Bank of India (RBI) has given the go-ahead for India and Tanzania to use their national currencies for bilateral trade settlement. The use of national currencies in bilateral trade settlements is expected to reduce the cost of transactions and enhance the efficiency of cross-border trade. This, in turn,
