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BoI earned 3% returns on foreign currency reserves in 2017 Bearing in mind that the foreign exchange reserves reached $113 billion at the end of 2017, having increased $14.5 billion over the year, the profit from the investment was around $3 billion. The Bank of Israel purchased $6.6 billion in foreign currency during 2017 and revalued its existing reserves ...
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One idea to stop Venezuela's downward spiral: Switch to the US dollar Another option would be for a new government to introduce an entirely new currency along with a plan to rein in federal spending. "Dollarization is a solution, but it's not the optimal solution," says Jean Paul Leidenz, senior economist at Ecoanalitica, a Venezuela-based research group. "It's an extreme ...
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Eastern Caribbean Central Bank partners Bitt for digital currency pilot This is intended to improve the risk profile of the Eastern Caribbean Currency Union (ECCU) and mitigate against the trend of de-risking by the region's correspondent banking partners. The pilot will also focus on developing a secure, resilient digital payment and settlement platform with embedded ...
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A Proposal for a Self-Regulatory Organization for the US Virtual Currency Industry As part of Gemini's mission to build the future of money, we believe in the importance of thoughtful regulation in the virtual currency industry. Starting in 2014, we worked with the New York State Department of Financial Services (NYSDFS) to obtain a trust company license for Gemini's exchange and ...
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