In a big step for Libya, rival armed groups and government officials have just agreed on an important security deal to protect key places in the capital city, Tripoli. Announced by Interior Minister Imad Trabelsi, this deal aims to bring some stability to the city amidst rising tensions and fears
The European Central Bank (ECB) is designing the digital euro to be one of the most private electronic payment options available, with plans for a rollout by 2025. Despite strong privacy assurances, concerns persist about whether the ECB can truly prevent government surveillance. While the digital euro aims to minimize
Russian lawmakers have just approved a groundbreaking law that allows businesses to use Bitcoin and other cryptocurrencies for international trade, aiming to sidestep Western sanctions imposed after the Ukraine invasion. Set to take effect in September, this move is designed to solve payment delays with major trade partners like China,
Argentina’s top presidential contender, Javier Milei, known as an anarcho-capitalist, created turmoil in local financial markets and caused currency devaluation after his surprising victory in the Sunday primary. Adding to the astonishment, he declared his intention on Wednesday to shut down the country’s central bank. Despite this, he emphasized his
International Monetary Fund Managing Director Kristalina Georgieva stated that the IMF is “working hard” on a global central bank digital currency platform. The International Monetary Fund (IMF) is “working hard” on a “global CBDC (Central Bank Digital Currency) platform,” the IMF managing director announced Monday. “If we are to be
According to a report, the Reserve Bank of Zimbabwe is planning to issue a gold-backed digital currency.
Jamaica, Bahamas and the Caribbean have all sunk their toes into the virtual currency market by launching the Central Bank Digital Currency. The country’s CBDC is called the Jam-Dex and it carries with it a tagline as relaxed as the nation’s reputation: “No cash, no problem”.
The British Empire created the Reserve Bank of India, as a “Sheathed Weapon,” used to fleece Indian wealth. This bank remained the primary source of British finances for the Second World War. A report by Masood Rezvi. Central banks have invariably been used by their governments to create money for war funding.
