Dollar’s kingship under threat?
As of 2023, central banks hold about 60% of their foreign exchange reserves in Dollars...
Tag : currency
UAE likely to launch more local currency Sukuk: S&P
The local dirham-denominated Islamic bond market is still in its infancy, so local players are still raising funds by issuing dollar and other foreign currency-denominated Sukuk...
The German economic miracle
By 1948, the German people had endured nine years of rationing and price restrictions...
Gulf Payments Company: Facilitating cross-border payments in GCC
In 2016, due to the regional importance of cross-border payments, the Supreme Council of the GCC approved the establishment of the Gulf Payments Company...
IF Insights: Expats flee as cost of living soars in Singapore
As per logistics service provider APAC Relocation, the rent increase has caused around 10% of its clientele to move away from Singapore...
Zimbabwe to introduce gold-backed digital currency
In order to stop the recent significant depreciation of the Zimbabwe dollar on the black market, the RBZ is also thinking about putting more Mosi-oa-Tunya gold coins onto the market...
UAE T-Sukuk to support Islamic finance ecosystem, investment options
The T-Sukuk will initially be issued with terms of 2, 3, or 5 years, with a 10-year sukuk following at a later time...
IF Insights: CBDCs are the new craze in the world of digital currencies
CBDCs are envisioned to provide households, consumers, and businesses with secure means of exchanging digital currency...
How central banks used gold since the 1990s
Central banks sold gold on the net in the 1990s and the first part of the 2000s...
Huobi selects Singapore as its new regional headquarters
The crypto giant has already moved a significant part of its operations to Singapore...