Why 40 African Countries Print Their Money In Europe Even Decades After Independence
Although reform is on the way with officials from The Gambia’s central bank suggesting a potential relationship with Nigeria, countries may begin to look internally for currency orders. But yet, the reason behind why 40 African countries print their money in UK, France and Germany even decades after independence is something worth looking into.
Biden Is Planning A New Digital Currency. Here’s Why You Should Be Very Worried
The fact that Biden is planning a new digital currency is no secret. There are several reasons why you should be very worried about this as it is suspected that such a new proposal will provide the federal government authority over large portions of society and the economy.
Russia Avoids Default After J P Morgan Process Funds
Russian Finance Minister Anton Siluanov underlined this week that the country will settle the bill in rubles should the dollar transfer fail. But this has led to concerns as for the time being, Russia has managed to avoid default after J P Morgan processed the funds.
How Reliance Tookover Future Retail And Stunned Amazon In India’s Biggest Retail War
Reliance began stealth seizure of Future stores on Feb. 25. Much of Future management was in the dark about the takeover according to sources. Reliance wants to rebrand the stores and keep Future employees on as per sources. After the takeover of stores, Amazon and Future would commence talks.
List Of Every Russian Billionaire Sanctioned By The West
Since February 21, when Russia acknowledged the separatist republics of Donetsk and Luhansk in eastern Ukraine, laying the groundwork for the special military operation three days later, Western nations have instituted a succession of economic sanctions against hundreds of Russian political leaders and corporate tycoons who regulate the country’s media, financial institutions, oil refineries, and other critical industries.
What Is The Impact Of A SWIFT Ban On Russia And The World
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is the global financial system that allows immediate and secure transfers of money across borders. It is the web that verifies all financial transactions. It links 11,000 banks and institutions in more than 200 countries, with 40 million messages a day. Using SWIFT ensures that transactions happen in seconds in a secure way. Around 1% of those messages involve Russian payments, according to the BBC.
India Exploring Rupee Payment Mechanism For Trade With Russia To Avoid Sanctions
India is exploring a rupee payment mechanism with the objective of trying to guarantee that Russian banks and firms open accounts with state-run Indian banks in order to settle trade settlement. This entire scheme is for the purposes of establishing trade with Russia and to avoid sanctions.
How ABG Shipyard Pulled Off India’s Biggest Fraud – 5 Years, 28 Banks, Rs 23,000 Cr Debt
A forensic audit was conducted. Every piece of evidence was collected and given to the CBI which aided in revealing how ABG Shipyard managed to pull off India’s biggest fraud spanning 5 years with 28 banks involved and a net Rs 23,000 crore in debt.
How A Fake Himalayan Yogi Guided Former National Stock Exchange MD For 20 Years
Sebi Friday penalised the NSE and its former MDs and CEOs, Chitra Ramkrishna and Ravi Narain, and others for violating securities contract rules in the case related to the appointment of Anand Subramanian. This is how a fake Himalayan yogi guided a former National Stock Exchange MD for the past 20 years.
Serbia Cancels Rio Tinto’s Mining Project Days After Australia Deports Djokovic
Serbia has cancelled a huge deal with Rio Tinto, an Australian firm, following the deportation of Novak Djokovic from Australia.