Search Results for “Devaluation”

Report: Bank of America Economist Predicts 20% Devaluation of the Nigerian Currency in 2023

October 21, 2022 admin all-time low, Bank of America, currency speculators, Economics, Exchange rate, Monetary Policy, naira depreciation, naira devaluation, Tatonga Rusike

A Bank of America economist, Tatonga Rusike, has said the Nigerian currency is overvalued by as much as 20% and

News

Nigeria’s Naira Loses Ground on Forex Black Market Just a Few Days After Devaluation

May 28, 2021 admin Black Market, cbn, currency depreciation, current account, Economics, IMF, multiple exchanges, naira devaluation, parallel market, World Bank

The Nigerian naira currency lost further ground against major currencies after it depreciated to 493 nairas for one dollar on

News

Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days

March 19, 2023 admin $1 million bet hyperinflation, Balaji Srinivasan bitcoin bet, Balaji Srinivasan hyperinflation, bitcoin bet, bitcoinization, Economics, Hyperinflation, Jack Dorsey hyperinflation

Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit

News

Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars

March 8, 2023 admin alberto fernandez, Argentina, Argentine Peso, Devaluation, Economics, inflation, Prices, Redenomination, unit of account, Venezuela, venezuelan bolivar

Some retailers in Argentina are already pricing imported items in U.S. dollars, according to reports from local news outlets. The

News

Ripple Survey Suggests Latam Merchants Will Adopt Crypto Payments Massively After Three Years

March 6, 2023 admin adoption, APAC, Cryptocurrency, europe, faster payments council, latam, Merchants, News, payments latam, Ripple

Latam merchants will be slower in adopting cryptocurrency payments compared to merchants in other regions, according to the latest payments

News

Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability

December 30, 2022 admin bank accounts, banking watchdog, Bolivar, crypto watchdog, Devaluation, Dollar, Economics, Exchange rate, Hyperinflation, monitor, sudeban, Sunacrip, Venezuela

Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the

News

Venezuelan Currency Plunges Almost 40% Against the US Dollar, Analysts Cite Crypto Drought as Part of the Problem

November 27, 2022 admin Asdrubal Oliveros, Bolivar, Devaluation, dollar injection, Economics, ftx, jose guerra, Liquidity, Market Makers, Monitor Dolar, Sanctions, U.S. dollar, Venezuela, venezuela fiat currency

The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a

News

Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition

October 28, 2022 admin egyptian pound, Egyptian pound devaluation, Emerging Markets, fixed exchange rate, Gordon Bowers, Gulf Cooperation Council, imf bailout, International Monetary Fund, pound depreciation

After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the

News

Egyptian Pound Latest African Currency to Slump to Record Low Versus US Dollar

October 6, 2022 admin Economics, egyptian pound, Ethiopian Birr, Exchange rate, IMF, International Monetary Fund, Mohamed Maait, naira depreciation, pound depreciation, pound devaluation

The Egyptian pound recently became the latest currency from the African continent to see its value versus the greenback slump

News

Cryptocurrency Exchange Bitso Launches Interoperable QR Payments in Argentina

September 24, 2022 admin Argentina, Bitso, Cryptocurrency, Devaluation, Exchanges, inflation, Payments, qr payments, Santiago Alvarado, Savings

Bitso, a Mexico-based, Latam-focused cryptocurrency exchange, has launched an initiative that aims to allow Argentines to use crypto for their

← Previous

Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days
Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a hedge against hyperinflation, monetary debasement, bank freezes, and
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8
LIVE: Watch stocks trade in real time as First Republic’s slide rattles Wall Street — 3/17/2023
The Dow Jones Industrial Average fell Friday as investors remained skittish on First Republic and other banks amid the industry’s crisis. First Republic slid 20% despite gaining nearly 10% in the previous session. The stock got a boost Thursday when a group of banks said it would aid First Republic with $30 billion in deposits
Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in
We’re in the middle of the banking crisis, says Odeon’s Dick Bove
Dick Bove of Odeon Capital, Herb Greenberg of Empire Financial Research and Liz Hoffman, Semafor business and finance editor, join CNBC's Brian Sullivan and 'Last Call' to discuss the recent banking crisis and how it could impact the Fed's rate decision next week.