Ruble Turbulence: Russia Rolls Out Forex Controls to Prop up Currency
Moscow is trying to prop up the slumping ruble, which has shed around a quarter of its value this year as the war in Ukraine rages on.
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Moscow is trying to prop up the slumping ruble, which has shed around a quarter of its value this year as the war in Ukraine rages on.
George Soros' former business partner, Jim Rogers, says America's debt is dangerous, de-dollarization is inevitable, and many assets are overvalued.
The rival renminbi doesn't pose a credible threat to the buck, strategists said in a recent research note.
Prime Minister Ibrahim said, however, it would be difficult to stop the reliance on the US dollar.
Iraq will ban the greenback from being used in cash transactions and withdrawals from January 1, the outlet reported.