LONDON, December 3 (Reuters) – If the broader financial volatility is finally unblocked, the most fortunate assets could wake up from their slumber. For most of the 20 months since the pandemic, financial assets have been bolstered by waves of government and central bank interventions designed to protect workers and businesses as authorities halt...
Read MoreTotal currency in circulation in Nigeria reached a record high of 2.97 trillion naira in October 2021, data from the central bank’s monetary and credit statistics show. Currency in circulation is the total amount of physical cash represented in paper or coins used to conduct transactions in Nigeria. It also represents the money that...
Read MoreSuppose you and I enter into a private contract in which I sell you a digital version of MF Husain’s famous Mother India board and you pay me 100 Ethereums (cryptocurrency). In a free society, as consenting adults, we can enter into any agreement to transact in private property. What should a digital version...
Read MoreIn September 2021, El Salvador became the first state in the world to recognize Bitcoin as legal tender. The oldest and most well-known cryptocurrency still has a long way to go. It was in fact born out of a strong distrust of the state and of surveillance. It is therefore only too fair that...
Read MoreIn the regional and municipal elections held in Venezuela on November 21, President Nicolas Maduro’s socialist coalition won 20 of 23 governor positions and around 200 of 335 mayor positions. The opposition won three governorships, including that of the oil-rich state of Zulia. In the municipal elections, the opposition won around 100 mayoral positions....
Read MoreWith around 8 million tonnes of plastic released into the environment each year, plastic pollution; due to the fact that it is non-degradable, is able to affect lands, rivers and oceans, consequently causing the death of sea and land creatures, causing danger to the soil, emitting toxic gases when it is exposed or heated...
Read MoreNEW DELHI: With the exponential growth of digital transactions, people now prefer the convenience of button-click payments, a report from the State Bank of India (SBI) showed. Consumers have now switched to better technology platforms like United Payment Interface (UPI) that do not require the intervention of a POS machine. Digital transactions saw a...
Read MoreMOSCOW: The Russian ruble rebounded on Wednesday, gaining more than 1% against the dollar the same day after rising geopolitical concerns, including the strengthening of the Russian military near Ukraine which caused the currency to fall on Tuesday. At 12:36 GMT, the ruble was 1% stronger against the dollar at 72.39, moving away from...
Read MoreThe Central Bank injected $ 1.012 billion into the foreign exchange market between January and October 2021, Finance Minister Colm Imbert said on Wednesday. In addition, the government, through the Exim Bank, provided access to an additional $ 524 million, which “led to a total intervention of $ 1.536 billion in the foreign exchange...
Read MoreMaharashtra Minister Nawab Malik on Wednesday accused Devendra Fadnavis of sponsoring a bogus currency racket and protecting people with underworld ties during his tenure as chief minister. He brought new charges against the former chief minister a day after Fadnavis alleged that Malik and members of his family made land deals with people associated...
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