Saudi Arabia decided not to renew the petrodollar agreement it had had with the United States for 50 years and which expired on June 9.
The country located in Western Asia did not renew the agreement through which it sold oil in US dollars, opening the door to marketing in other currencies, such as…
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euro
Devaluation of the bolivar promotes payment alternatives in the commercial sector
The devaluation of the bolivar, the legal tender in Venezuela, has boosted creativity among the merchants of the Monseñor José Vicente de Unda municipality, Portuguesa state, who have adopted coffee as their local currency.
In an interview…
Coinbase adds support for trading the euro-c stablecoin
Coinbase, one of the largest cryptocurrency exchanges in the world, recently announced that it now supports trading and transacting the euro-pegged stablecoin euro-c on its platform.
The digital currency, which is backed by the euro and…
Russia will stop using the dollar and the euro in commercial transactions
Russia will stop using the dollar and the euro in its international trade transactions, Russian Deputy Foreign Minister Alexander Pankin announced on Friday.
According to the statement by the Russian official, “the only way to guarantee…
The euro loses parity with the dollar again
The price of the euro against the dollar briefly fell below parity this Monday in view of the prospects that point to a growing risk of recession in the euro zone and the expectation that at the end of this week they will meet in Jackson…
Euro reaches parity with the dollar
The price of the euro against the dollar continues to weaken, and is increasingly closer to parity with the American currency, something that has not happened since 2002, given the growing fears that the eurozone will enter a recession…
Italian oil company opens ruble accounts to pay for Russian gas
The Italian oil company Eni announced the opening of bank accounts in euros and items in the Russian financial entity Gazprombank in order to carry out the necessary transactions for the supply of Russian gas and thus comply with the new…
The Ibex 35 closes with a rise of 1.18%
The Spanish indicator has added 104.5 points, equivalent to that rise of 1.18 %, placing it at 8,970 points. The rest of the main European stocks closed with a mixed sign: while Milan rose 0.5 % and Frankfurt, 0.28 %. Paris fell 0.73 % and…
ECB will implement the digital euro in two years
The European Central Bank launched a two-year pilot project that will aim to introduce the digital euro, one of the world's most important currencies worldwide.
The idea is to create a digital currency that will coexist with the physical…
ECB launches digital euro project
The European Central Bank (ECB) announced today the launch of a two-year pilot project to introduce the digital euro in the long term. The plan will start with the research phase that aims to "supply a coin in its safest form." According to…
Russia to reduce the use of US dollar in trade
The president of the Lower House of the Russian Parliament, Viacheslav Viktorivich Volodin assured that the country has been gradually reducing its dependence on the dollar.
This is how transactions in national currencies within the space…
Euro depreciates against the dollar
After the inflationary process that occurred in January, the euro depreciated against the dollar, despite the fact that it also showed weakness.
In numbers, the European currency closed the month of January at 1.2023 dollars, thus showing…