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Europe's central banks are starting to replace dollar reserves with the yuan For the past 70 years, the US dollar has been the world's dominant currency. Two-thirds of the world's $6.9 trillion allocated foreign exchange reserves are held in US dollars. The yuan took a major step towards broader international adoption in 2016 when the IMF decided to include it in the basket of ...
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Virtual currency suffers very real one-day drop in price Bitcoin plunged to a six-week low amid a widespread sell-off in digital currencies yesterday as governments warned of impending crackdowns. The combined value of all digital currencies in circulation fell from $711 billion on Monday to $509 billion last night, according to figures from Coinmarketcap.
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Will 2018 Witness the Spread of Digital Currencies? Each day we hear reports about a new digital currency that attempts to offer innovative solutions to some problems in our daily and monetary lives. Among these new currencies, is one that can currently be traded in Saudi Arabia and the United Arab Emirates. The possibility of issuing the currency is still ...
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