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Can 'de-dollarization' break Iran's economic isolation? As such, some in Iran have grown to view currency swap agreements (CSAs) with other countries as a way to overcome remaining US sanctions. This is even though many swaps do not become operational and these kinds of schemes are likeliest to be secured in times of mutual crises and emergency ...
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ChainEX launches crypto-currency exchange in South Africa A digital asset exchange called ChainEX has been launched in South Africa, reports ITWeb. It enables people to buy, sell or trade up to 20 different digital assets, using the South African rand as the default fiat-buying currency for some. Director Otto Lessing said ChainEX aims to provide South Africans ...
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Number of Russians converting currency quadrupled after new US sanctions MOSCOW: Russia's second-largest bank VTB said on Wednesday it saw a fourfold increase in the number of Russians converting currency after new ... has said ordinary Russians are increasingly using swings in the value of the rouble to sell and then buy back foreign currency in order to make money.
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Asian currencies pressured as US Treasury yield tops 3% BENGALURU (April 25): Emerging Asian currencies remained under selling pressure on Wednesday as benchmark US bond yields poked above the 3% level and lifted the dollar. Indonesia's rupiah was left wallowing around recent two-year lows even as the central bank intervened to stabilise the ...
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