The flip-flops on Trump’s tariff policy have led to a wave of dollar-selling. Stronger Asian currencies & weaker dollar will help address US’ trade imbalances with Asia.
The Ecozone was a top priority at 2023 ECOWAS summit. But the common currency, set to come into effect in 2027, faces a major challenge—lack of consensus among African countries.
Rupee had a major fall this week, led by strong US macro data, rising crude prices. China's currency moves, Japan’s possible rate hike & domestic growth concerns may maintain pressure.
As of 2024, several countries where Indian currency is higher let travellers with travel insurance to indulge in unforgettable experiences without exceeding their budget.
Pakistan’s central bank is seeking public opinion on the design of the new currency. Apart from creative imagery, citizens are requesting a move to plastic notes.
USD has been the world’s reserve currency for over 75 years, but many nations are now seeking to trade in local currencies to reduce costs, avoid sanctions & reshape global financial system.
Reports had emerged Saturday, based on data from RTIs, that alleged that millions of Rs 500 notes had been printed by India’s mints but had not reached the RBI.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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