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…
Read More...
Browsing Tag
Yuan
Argentina will allow payment of imports in yuan
The Minister of Economy of Argentina, Sergio Massa, reported the activation of the swap with China, through which the payment of imports from the Asian giant in yuan will be allowed to face the challenge of maintaining the level of…
ECB will continue with its economic stimulus policy
ECB President Christine Lagarde recently pointed out that raising interest rates too quickly would stifle the Eurozone's recovery. "Raising the main interest rate of the European Central Bank now would not reduce the historically high…
The European Union estimates to launch its digital currency in 2025
The European Commission continues to work on the development of the digital euro and they estimate to finalize a first prototype of their digital currency by the end of this year. But the commission plans to launch it on the market,…