January 7, 2022
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Intervention Currency

Global Digital Currency Market Could See Big Move in Coming Years | Main vendors – IBM, Ripple, Accenture, Oklink, Oracle, AWS, Ant Financial, Tencent, Baidu, SAP

by on June 23, 2021 0

“Digital-money-market” Adopting the right technologies here can bring greater efficiency to the whole process with minimal intervention. The research report studies the digital currency market using different methodologies and analysis to offer accurate and detailed market insights. For better understanding, it is divided into several parts to cover different aspects of the market. Each...

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The role of exchange rates in economic development

by on June 22, 2021 0

The impact of exchange rate policy on economic development remains a hotly debated subject. In the macroeconomic literature on developing economies, two important concerns are raised about exchange rate policies: the links between exchange rates, the balance of payments, and macroeconomic stability and growth. The importance of a competitive and stable exchange rate, which...

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Now that China has all but banned cryptocurrencies, GPU prices are dropping like Bitcoin • The Register

by on June 22, 2021 0

Prices for graphics processors in China have plummeted following the nationwide crackdown on cryptocurrency mining, ownership, and trading. The drop in demand for chips, and therefore the price, is a direct result of Beijing’s ban on digital money, according to the South China Morning Post. Authoritarian rulers in the Middle Empire dislike Bitcoin and...

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China steps up crackdown on bitcoin mining industry

by on June 20, 2021 0

China’s largest bitcoin-producing provinces have stepped up crackdown on cryptocurrency mining in the latest sign of how global authorities are hardening their position in rapidly growing digital asset markets. The country’s bitcoin mining operations, the energy-intensive computer puzzle-solving process that creates new units of virtual currency, have been on the decline since May, when...

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China quietly steps up market interventions

by on June 19, 2021 0

China is resorting to increasingly aggressive measures to contain risks to the financial system, measures that threaten to undermine President Xi Jinping’s commitment to give more freedom to markets. In recent weeks, authorities have ordered state-owned enterprises to reduce their exposure to commodities abroad, forced domestic banks to hold more foreign currency, considered a...

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Are our foreign exchange reserves sufficient?

by on June 18, 2021 0

The growing foreign exchange jackpot has created an abundance problem for the Reserve Bank of India. It attracts unwanted attention, as well as calls for the use of reserves to finance infrastructure spending, capitalize public banks and better management of assets on reserves. The RBI’s latest monthly bulletin attempted to bring the discussion to...

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Rupee under pressure from high crude prices; strong macro, RBI intervention can help stop the slide

by on June 16, 2021 0

The latest inflation figures may have surprised currency watchers, but pundits remain optimistic that the Indian currency will remain proficient against the US dollar. However, the rupee is expected to remain under pressure from rising crude oil prices amid a sharp decline in the US dollar and REIT outflows in June. Experts believe that...

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