Riyadh/Beijing: Saudi Arabia and China have signed a currency swap agreement worth 50 billion yuan. According to sources, this agreement was signed between the two central banks, ‘Central Bank of Saudi Arabia’ and ‘The People’s Bank of China’. Earlier this year, Saudi Arabia had hinted at using currencies other than the US dollar for fuel […]
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Brussels – The International Monetary Fund (IMF) warned that if the country’s sovereignty is to be protected, cryptocurrency should not get the status of official currency or legal tender. Doing so would threaten the nation’s economic stability or lead to a spike in inflation. Besides, the IMF has urged the concerned countries to make strict […]
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Brasilia – The President of Brazil, Lula da Silva, demanded that BRICS develop a new global currency. The President of Brazil gave information on initiating talks with China regarding this. He had earlier also insisted not to use the US dollar in business. Brazil has stopped using the dollar in trade with China. Against this […]
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Rajkot – India’s international trade will soon be in rupees. For this, banks of other countries are opening Vostro accounts in Indian banks. 60 foreign banks from 18 countries have sought permission from the Reserve Bank of India for this. Union Commerce Minister Piyush Goyal said these countries include the United Kingdom, Singapore and New […]
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New Delhi: India has taken a major step to regulate cryptocurrencies, warning that cryptocurrencies could cause the next financial crisis. According to this, it has been made mandatory for everyone who deals in cryptocurrency, invests money in it and benefits from it to file ‘Know Your Customer-KYC’. Because of this, crypto traders will have to […]
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Dubai: Iran’s currency, the Rial, has set a new record low. As much as six lakh Iranian Rials have to be paid for one dollar and this decline has repercussions in Iran. On Friday, the value of the Iranian Rial was 5 lakh, 40 thousand per US dollar. It fell further on Saturday and the […]
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Washington: In the last few years, the use of cryptocurrencies has been increasing worldwide, and the International Monetary Fund has presented an important report in this regard. The report recommends that cryptocurrencies cannot become legal tender. At the same time, International Monetary Fund has also suggested that blockchain-like technology, which is used behind cryptocurrencies, can […]
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Washington: ‘Cryptocurrency has no value. Investors should sell the currency before it depreciates. Because Cryptocurrency is on the verge of extinction soon,’ warned US economist and investor Peter Schiff. Schiff also mentioned the ‘FTX’ scam in the cryptocurrency sector. The value of cryptocurrencies has fallen drastically in the wake of other scams, including FTX. The […]
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Tehran: Cornering of Iran on the international crisis and the protests that have been going on for the past four months has led to a record decline in the value of the Iranian currency, the Rial. In the international market, a fall led to a level of 430 thousand riyals for one USD. Due to […]
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New Delh: Co-founder Sam Bankman-Fried’s $16 billion empire gets ruined after US-based cryptocurrency exchange FTX collapsed. This has led to a massive drop in the value of cryptocurrencies worldwide. The value of cryptocurrency, which was at three trillion dollars (three hundred thousand crores) in 2021, has now come down to less than one trillion dollars. […]
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