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MICROCAPITAL BRIEF: IFC Buys $9m in Local-currency Bonds from CRRH-UEMOA to Support ... The World Bank Group's International Finance Corporation has purchased the equivalent of USD 9 million in bonds issued by the mortgage refinancier Caisse Regionale de Refinancement Hypothecaire de l'UEMOA (Union Economique et Monétaire Ouest Africaine). The goal of the investment is to ...
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"Rules-Based" Monetary Proposals Won't Create Stable Money The traditional way to accomplish this is to link currencies to gold. Today, most of the governments in the world link their currencies to one of the major international currencies, the dollar or the euro. The dollar or euro are not as stable as gold – their values "float" by design. However, a smaller country ...
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India's forex reserves surge by $4.1 billion to a new high of $421 billion India's foreign exchange reserves swelled by USD 4.12 billion to a new high of USD 421.914 billion on a healthy increase in the core currency assets and uptick in the gold stock, the Reserve Bank of India (RBI) said on Friday. The total reserves had risen by USD 3 billion to USD 417.89 billion in the ...
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