Mastodawn

Sudan's vital gold industry hit by ongoing conflict, collapsing trade ties http://newsfeed.facilit8.network/TQZQHV #Sudan #GoldIndustry #Conflict #ForeignCurrency #Trade

Yonhap Infomax News Nov 19

South Korea’s won faces volatility as market jitters persist, but experts say current weakness reflects portfolio shifts, not a liquidity crisis, and urge structural reforms to bolster resilience against future FX shocks.
#YonhapInfomax #ExchangeRate #LiquidityRisk #BankOfKorea #ForeignCurrency #PortfolioAdjustment #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=91469

[Seung Hun Lee's Currency & Market]Exchange Rate Volatility and Liquidity Risk

Yonhap Infomax

joe•iuculano

Jun 14, 2024

Via #JasonJaySmart @ 1:00AM EST, JUNE 14

⚡️⚡️⚡️ The guarantor of #ForeignCurrency to the #Russian stock exchange & all Russian banks’ website for transactions is down.

The Russian #Ruble is collapsing.

#Russia is collapsing.

👉 Russia will not make it.

HeresPlanB Feb 11, 2023

#johnmenadue's @StephenWilliams
If #Whitlam and his advisers had understood #modernmonetarytheory (#MMT, although it was not formulated until decades later) there would likely have been no loans affair.
Central to MMT is the principle that a #monetarysovereignnation is one with (i) its own #currency; (ii) a #floatingexchangerate; (iii) #nosignificantborrowings in a #foreigncurrency; and (iv) its own #centralbank to create the money it needs.
https://johnmenadue.com/the-whitlam-government-a-new-perspective/

The Whitlam government and Modern Monetary Theory: a new perspective - Pearls and Irritations

Hindsight is a wonderful thing and it particularly applies to the Whitlam government’s ‘loans affair’.

Pearls and Irritations

KenyaCoin ☑️Aug 13, 2021

Kenya’s Shilling Posts Fifth Weekly Loss on Virus Fallout Fears

https://www.bloomberg.com/news/articles/2021-08-13/kenya-s-shilling-posts-fifth-weekly-loss-on-virus-fallout-fears

"The shilling was trading 0.1% lower at 109.22 by 10:30 a.m. in the capital, Nairobi, marking its eighth straight day and fifth consecutive week of losses."

“We expect the pressure on the shilling will persist over the coming week or so."

#Bitcoin #Kenya 🇰🇪 #BTC #Dollar #USD #KES #KSh #USD #KES #BTCKES #ForeignCurrency #ExchangeRate #FOREX #Bloomberg

Kenya’s Shilling Posts Fifth Weekly Loss on Virus Fallout Fears

Kenya’s shilling extended its longest stretch of weekly losses this year and is seen on the back foot as concerns about the impact of the coronavirus pandemic on economic activity pile pressure on the currency.

KenyaCoin ☑️May 25, 2021

Nigeria Devalues Naira on Migration to Single Exchange Rate

https://www.bloomberg.com/news/articles/2021-05-25/nigeria-devalues-naira-on-migration-to-single-exchange-rate

"[CBN] replaced the fixed rate of 379 naira to a dollar used for official transactions with the more flexible nafex [~410/$]."

"The fragmented foreign-exchange market had been a cause of confusion and a source of arbitrage.”

--
Dollar to Naira Black Market Rate: ₦486.00
https://www.ngnrates.com/market/exchange-rates/us-dollar-to-naira/black-market

#Bitcoin #Nigeria #CentralBank #CBN #NGN #Naira #USDNGN #BlackMarket #ExchangeRate #ForeignCurrency #Nafex

Nigeria Devalues Naira on Migration to Single Exchange Rate

Nigeria’s central bank devalued the naira by 7.6% against the dollar as authorities in Africa’s biggest oil producer migrate toward a single exchange-rate system for the local currency.

BTCMiner ☑️Mar 4, 2021

Iran Could Use Cryptocurrencies to Avoid Sanctions

https://iranwire.com/en/features/9084

"#Iran's economy is not easily able to sell its oil and gas in the face of sanctions, but by building #cryptocurrency #mining farms, it reduces #electricity losses and converts gas into cryptocurrencies, which generates high income for the economy in a time of #sanctions.”

--
Iran Considers the Use of Bitcoin Mining to Avoid Sanctions

https://www.btctimes.com/news/iran-bitcoin-mining-sanctions-evasion

#Bitcoin #BitcoinMining #ForeignCurrency #Energy

Official Report: Iran Could Use Cryptocurrencies to Avoid Sanctions

KenyaCoin ☑️Mar 3, 2021

How Is #Bitcoin Used In #Africa?

- Trading
- RemoteWork
- Sports Betting
- Forex / Day Trading
- Scams
- Unbanked
- Cross-Border Supplier Payments
- Remittance / Hawala
- Foreign Currency Conversion
- Expats and Repatriation
- Offshore Banking
- eCommerce

https://kenyacoin.medium.com/how-is-bitcoin-used-in-africa-e099903fbad9

#Bitcoin #Africa #Trading #RemoteWork #SportBetting #Forex #FX #DayTrading #Scams #unbanked #CrossBorder #SupplierPayments #Remittance #Hawala #ForeignCurrency #Expat #OffshoreBanking #eCommerce