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Posts tagged as “currencies”

BRICS Discusses Accepting “The Unit:” A New Decentralized Monetary System Backed By Gold And Local Currencies

[contentcards url=”https://winepressnews.com/2024/05/20/brics-discusses-accepting-the-unit-a-new-decentralized-monetary-system-backed-by-gold-and-local-currencies/” target=”_blank”] by Jacob M. Thompson   The integrity of the UNIT ecosystem is preserved by blockchain-based node synchronization and elimination of the need to…

Egyptian Banks Suspend Debit Card Use In Foriegn Countries As Nation Faces Serious Liquidity Crunch

[contentcards url=”https://winepressnews.com/2023/10/10/egyptian-banks-suspend-debit-card-use-in-foriegn-countries-as-nation-faces-serious-liquidity-crunch/” target=”_blank”] by Jacob M. Thompson   A collection of banks in Egyptian have suspended customers from using debit cards in foreign countries, including foreign…

Israel adds China’s yuan for the first time ever while cutting its dollar holdings in biggest currency reshuffle in a decade

[contentcards url=”https://markets.businessinsider.com/news/currencies/dollar-vs-yuan-israel-central-bank-chinese-currency-holdings-reserves-2022-4″ target=”_blank”] By Phil Rosen    Israel’s central bank added yuan to its reserve holdings for the first time ever. Previously, the bank only…

Value Destruction

[contentcards url=”https://www.lewrockwell.com/2022/04/alasdair-macleod/value-destruction/” target=”_blank”] By Alasdair Macleod Goldmoney   In recent articles I have argued that the era of a financialised fiat dollar standard is ending. This…