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Category Foreign exchange

BRICS Must Settle $6.6 Trillion Worth of Foreign Exchange to Beat USD

BRICS Must Settle $6.6 Trillion Worth of Foreign Exchange to Beat USD

The global foreign exchange market conducts transactions worth $7.5 trillion a year, according to the Bank for International…
Nigerian Oil Marketers Denounce Oil De-Dollarization Policy

Nigerian Oil Marketers Denounce Oil De-Dollarization Policy

Olufemi Adewole, Executive Secretary of DAPPMAN, warns that Nigeria’s Naira-for-crude oil transaction framework could destabilize foreign exchange ...
Ethereum CLS Shows Price Will Rebound Above $2,600, Here’s Why

Ethereum CLS Shows Price Will Rebound Above $2,600, Here’s Why

The Ethereum price is showing signs of a possible trend reversal as technical indicators like the Continuous Linked Settlement (CLS) suggest a brea...
Phantom Money: Counterfeit Dollar Bills Haunt Istanbul Bazaar

Phantom Money: Counterfeit Dollar Bills Haunt Istanbul Bazaar

Fears of counterfeit $50 and $100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar, with some bureaus halting the purchase of...
Zimbabwe Plans to ‘Float’ Rapidly Depreciating Gold-Backed Currency

Zimbabwe Plans to ‘Float’ Rapidly Depreciating Gold-Backed Currency

Zimbabwe has said it plans to let its rapidly depreciating gold-backed currency, Zig, float freely on the foreign exchange market. A central bank o...