Iran ‘terrified’ of Trump presidency as Iranian currency falls to an all-time low
After President-elect Trump's victory, Iran must prepare to fight the man who has been attempting to assassinate him for years. The Iranian government was reportedly interfering in the US election on behalf of Vice President Kamala Harris. But with former President Donald Trump's victory, the administration will at least need to prepare for a wild […]
Status of the US Dollar as Global Reserve Currency: Share Drops to Lowest since 1995. Central Banks Diversify to “Nontraditional” Currencies and Gold – WOLF STREET
However, China's yuan continues to decline. Written by Wolf Richter of Wolf Street. The US dollar, which remains the number one reserve currency held by central banks, continues to slowly lose share to other key currency combinations as central banks diversify their dollar-denominated asset holdings to other currency-denominated assets. There is. And they are also […]
Argentina Marks $8 Billion Increase in Foreign Currency Deposits
central bank of argentina reported Foreign currency deposits soared by about $8 billion on Monday under liberal President Javier Millay's policies. When Milay took office in December, foreign currency deposits stood at $16.5 billion. Ten months later, Argentina has $24 billion in foreign currency, including dollars that Argentines once stashed or hoarded overseas. Millay provided […]
Japan top currency diplomat says watching for any build-up of yen carry trades: report – CNBC
Newly designed Japanese 10,000-yen banknotes move through a machine at the National Printing Bureau's Tokyo plant in Tokyo, Wednesday, June 19, 2024. The yen's sustained weakness has raised concerns about a possible resurgence of cost-push inflation, possibly weighing on private consumption. Bloomberg | Bloomberg | Getty Images Atsushi Mimura, a Japanese foreign exchange diplomat, said […]
State Bank of Pakistan reveals potential designs for new currency notes – ARY NEWS
KARACHI: The State Bank of Pakistan (SBP) on Thursday revealed potential designs of new banknotes of all denominations, ARY News reported. The proposed designs were shortlisted from a number of designs submitted by citizens in an art competition organised by the SBP. The first prize of Rs 10 lakh was won by Sherry Abidi. The […]
Dow sinks 1000 points as tech woes, currency markets shake investors
Stock markets took a big hit on Monday as investors sold shares in U.S. companies and unwrapped positions in the Japanese yen, which has strengthened against the dollar after the Bank of Japan raised interest rates. The Dow Jones Industrial Average, which is made up of the largest U.S. companies, closed down 1,033 points, or […]
The Administrative State’s Digital Currency Ruse
Estimated Reading Time: 7 minutes When I read about an executive order issued by the Biden administration last year regarding a plan for digital currency, I naturally suspected something quite dire. Generally speaking, whatever the modern, self-described “liberal democratic” administrative state claims to be doing to help supposedly disadvantaged people is actually intended primarily, if […]
‘How many aura points did I lose?’ The new coolness currency has hints of Aristotle | Life and style
yesYou can count your calories, your steps, the number of streams of your favorite songs. And now you can assign a number to how cool you are. See your Aura Points, which is how you calculate your attractiveness. (This is what the kids call charisma, and if you didn’t know that, you just lost 100 […]
Currency market steadies ahead of US inflation test, Fed decision – Yahoo Finance
Bridget Riley TOKYO (Reuters) – The dollar was steady on Wednesday after hitting a four-week high against other currencies overnight as market participants awaited a key U.S. inflation gauge and the Federal Reserve’s latest interest rate outlook due later in the day. The US dollar rebounded after a better-than-expected jobs report on Friday raised prospects […]
How Victimhood Became America’s Most Valuable Currency
Being a victim used to be a bad thing — something we tried to avoid, and rarely wanted to admit. As a nation, we strove to rise above obstacles and adversity, not wallow in our own self-pity. Yet today the most powerful people in America are the ones who scream loudest about their own victimization. […]