Browsing: Currency

Naguib Sawiris warns of disaster if reforms are postponed

NEW YORK – The U.S. dollar inched lower on Friday, after data showed inflation rose modestly in December but was trending lower, which should keep the Federal Reserve on track to cut interest rates by the middle of the year.

Tapping Russian assets frozen in the EU will bring harm to the single currency, the head of the Bank of Italy has warned

A majority of Czechs are skeptical about transitioning to the euro, believing that adopting the single currency would carry inflationary risks and would not benefit the country, the media outlet iRozhlas reported this week, citing the latest poll.  

The trend stems from US attempts to confiscate frozen Russian assets, Ambassador Anatoly Antonov has said

Most payments for imports of such products in 2023 were made using yuan and rupees, according to the outlet

The Purchasing Managers’ Index has been in decline for seven consecutive months

Iran and Russia have officially abandoned the US dollar for mutual settlements after the countries finalized an agreement to trade in the ruble and the rial, Iranian news agency IRNA reported this week. The agreement was sealed during a meeting in Russia between the heads of the central banks of the two countries, the outlet said.

The piece, which commemorates the 25th anniversary of the currency, was written by European Commission president Ursula von der Leyen

The US currency is used to undermine the competitive rights of other countries, Russia’s foreign minister says