Currency Basket

Health workers helped by crypto collaboration beaten by Venezuelan regime

As Venezuelans struggled to survive the pandemic under dictatorship, crypto firm Circle collaborated last year with countries’ opposition to financial aid for healthcare workers who have been left behind in a system. broken down with almost no proper medical equipment and a disheartening price of $ 15 a month’s salary. …

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The exchange rate remains stable in the official market as the supply of currencies increases by more than 100% – Nairametrics

Thursday, December 9, 2021:The exchange rate between the naira and the US dollar closed at 415.07 N / $ 1 at the official window of investors and exporters (I&E). The naira held steady against the US dollar on Thursday to close at N 415.07 / $ 1. This is the …

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Sri Lanka needs ‘real depreciation’, says World Bank economist

ECONOMYNEXT – Sri Lanka will need a longer-term “real depreciation” of its currency to boost its exports, said World Bank chief economist for South Asia, making a repeated assertion national mercantilists. “Let me take a longer-term view of the currency, looking at the circumstances in Sri Lanka,” Hans Timmer, chief …

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Ethereum mining revenue overtook Bitcoin mining revenue in November

A A recent article in The Block shows that Ethereum’s mining revenues exceeded Bitcoin’s mining revenues during the month of November. The two major cryptocurrencies are often mentioned side by side, especially when it comes to new investors looking to build a digital currency portfolio. Exposure to Bitcoin is praised …

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Reassuring Omicron News Raises Bond Yields, Dollar Against Safe Havens

LONDON, December 6 (Reuters) – The dollar rose against safe-haven currencies such as the yen and Swiss franc on Monday after reassuring news about the Omicron COVID variant, while units like the Australian dollar that were battered by worries growth were also taken into account. an offer. U.S. Treasury yields …

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bne IntelliNews – ISTANBUL BLOG: Just another day in Turkey’s desperate case

Just another day in Turkey’s economic basket. The country’s statistical institute TUIK released the official report on consumer price inflation for November. The CPI stood at 21.31%, down from 19.89% in October, TUIK reported. This meant that Turkey’s inflation rate was now 6 pp above the central bank’s policy rate. …

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Making good use of SDRs in Africa

Strengthen the capital base of regional development financial institutions to better rebuild Almost 18 months after the start of the COVID-19 pandemic, the Board of Directors of the International Monetary Fund (IMF) approved the issuance of new Special Drawing Rights (SDRs) on August 2, 2021. The IMF proceeded to the …

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Loonie Maintains Range Ahead of US Jobs Report; Omicron Loom Fears

“Finally, signs of a major bottom in the works after a steep drop from 2020 high. A recent weekly close above 1.2500 encourages constructive outlook and opens the door for a return to the next one critical resistance in the area of ​​1.3000. Any setbacks should be well taken care …

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Chinese yuan hits six-month high against dollar

SHANGHAI, Dec. 1 (Reuters) – The Chinese yuan hit its six-month high against the dollar on Wednesday, helped by strong business demand as the dollar lost some of its strength overnight against the dollar. other major currencies. The dollar had surged after U.S. Federal Reserve Chairman Jerome Powell unexpectedly signaled …

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Cryptocurrencies Post Record Entry In First 11 Months – CoinShares | The powerful 790 KFGO

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Cryptocurrency commodities and funds saw record inflows in the first 11 months of the year, as institutional investors flocked to the space despite price drops in recent weeks , data from digital asset manager CoinShares showed on Monday. Total inflows to the sector …

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