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Can China Dethrone King Dollar as the World's Currency? A key obstacle preventing the People's Republic from reaching the summit of the economic mountain is King Dollar — the world's dominant global currency. In 2018, China could seek to dethrone King Dollar by forcing yuan-denomination of specific commodities, marking a cataclysmic shift in the world ...
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Iran bans using dollar as base import pricing currency The official further emphasized that Iranian merchants would need to inform their suppliers to change the base currency from the dollar to other currencies so that the related import documentations can be proceeded at Iran's entry points. He said the merchants also needed to specify whether they would ...
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Rentokil Initial unsettled by currency concerns City analysts said pre-tax profit forecasts for 2018 would be 4% lower than previously after the pest controller cautioned about the adverse impact of currencies. Shares were down 8.8% at 264.10p despite good numbers for 2017 with full year operating profit increased by 14.8%, supported by growth in ...
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Foreign currency assets of UAE Central Bank climbs 12% in January Total foreign currency assets held by the UAE Central Bank abroad surged 12 per cent annualy in January as current account balances rose and deposits with the foreign banks strengthened. The foreign assets of the central bank reached Dh326 billion at the end January, up from Dh290.7bn recorded ...
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Nigeria: Virtual Currencies - CBN Cautions Nigerians The statement which was signed by the bank's Acting Director in charge of Corporate Communications, Isaac Okorafor, emphasized that dealers and investors in any kind of crypto currency in Nigeria were not protected by law, thus may be unable to seek legal redress in event of failure of the ...
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