Yemen faces cash shortages even with currency stabilization
Mukalla, Yemen – The Yemeni government’s recent attempts to stabilize the devaluing Yemeni riyal have had some success, but they’ve also led to a significant liquidity crisis. The central bank, based in Aden, has closed down unlicensed currency exchange firms that were accused of speculation. They’ve also set up a committee aimed at centralizing domestic […]
Japanese Yen weakens amid Middle East uncertainty; official cautions about currency intervention
USD/JPY Momentum During Asian Trading Hours The USD/JPY pair is making strides around 159.35 in Friday’s Asian trading session. This marks the third straight day of gains, largely driven by ongoing uncertainties in the Middle East. However, potential intervention warnings from Japanese authorities could temper the pair’s upward movement. On Thursday, US President Donald Trump […]
US Treasury Approves President Trump’s Proposal to Eliminate All Paper Currency in Favor of Cryptocurrency and Gold Coins
The era of pulling out a wrinkled $20 bill might soon be a thing of the past. The US Treasury has officially approved a comprehensive financial reform that will transition all paper currency to a mix of government-backed cryptocurrencies and gold coins by 2027. The initiative proposes the elimination of physical banknotes, introducing two new […]
Switzerland may annoy the White House by considering a possible currency intervention.
Swiss Officials Consider Currency Intervention Amid Geopolitical Concerns Swiss authorities are increasingly open to the idea of intervening in currency markets following a significant appreciation of the Swiss franc due to the ongoing conflict in the Middle East. The Swiss National Bank (SNB) announced on Thursday that it would maintain its key interest rate at […]
Images of Notable Britons Taken Off Currency
The Bank of England has announced it will no longer print portraits of notable British figures on its banknotes, opting instead for photographs of wild animals to promote a more “non-divisive” approach. The iconic image of Sir Winston Churchill will not appear on banknotes anymore, marking the end of a 50-year tradition where famous Britons […]
Weekly Currency Outlook – March 1st to 6th, 2026 (Charts)
On the 22nd, I noted some key trades for February. Consider going long on the S&P 500 Index after the daily close in New York exceeds 7,025. This setup wasn’t pre-planned. Similarly, a long position in gold is worth taking if the daily close surpasses $5,418.55, though that wasn’t part of the original strategy either. […]
Syria substitutes a third of its money within weeks after launching a new currency.
Syria’s Currency Reform Progress Syria’s central bank has updated over a third of its physical cash supply with newly printed banknotes, as noted by Governor Abdulkader Husri in a recent exclusive interview. This change represents a significant step toward regaining financial oversight after years marred by conflict and a sharp devaluation of the currency. In […]
Examining President Xi’s renewed effort for the yuan to become a global reserve currency – what China would need to sacrifice
Experts Discuss China’s Economic Strategies Experts suggest that the upcoming steps will be incremental. “The Chinese government is probably going to concentrate on broadening currency swap agreements with its trading partners, as well as increasing the use of the renminbi in trade settlements, particularly with commodity exporters,” Su pointed out. Additionally, Su mentioned that “extending […]
The world’s “strongest currency” has reached an 11-year peak, causing issues in Switzerland.
Safe-haven assets have had a robust beginning in 2026, with both gold and silver reaching new heights, while the Swiss franc is trading at a decade high due to widespread global uncertainty. Swiss officials are observing these developments with some concern. This year, the Swiss franc has already appreciated by 3.5% against the dollar, largely […]
Tucker Carlson questions Peter Schiff about Bitcoin as a potential new global reserve currency.
Peter Schiff Critiques Bitcoin in Interview In a recent chat with media figure Tucker Carlson, Peter Schiff, a vocal advocate for gold, reiterated his critical stance on Bitcoin and the entire cryptocurrency scene. During the discussion, Schiff described Bitcoin (BTC) as a speculative tool lacking “real use,” and expressed concern that the US strategic reserve […]