IF Insights: PYUSD and the hope of crypto industry ‘following rules’
PYUSD users can convert any of the cryptocurrencies supported on PayPal to PYUSD...
Tag : currency
Nigeria to take significant action to save naira as inflation continues to haunt country
Naira slipped by 0.7%, its steepest decline in nearly six months, in official trading on the Nigeria Exchange on June 2023...
Brexit divorce costs soar as pound weakens amid Liz Truss’s failed budget plans
A payment to the EU on September 30, 2022—one week after the release of Liz Truss' tax-cutting Growth Plan—was the source of about half of the 91 million-pound loss...
Dollar’s kingship under threat?
As of 2023, central banks hold about 60% of their foreign exchange reserves in Dollars...
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...