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This Country Rolls Out Gold-Based Digital Currency as Legal Trading Currency, Making Best Effort to Prevent Depreciation of Its Currency_SMM

On Sunday (April 23), local time, the central bank of Zimbabwe announced that it will launch a gold-based digital currency that will be traded in the country as legal currency. ....

World Gold Council , Reserve Bank ,

China Net Financial Accounts Will Increase, Galaxy Securities Says_SMM

China Galaxy Securities' research report stated that since 2022, global geopolitical conflicts have intensified, and financial sanctions have become tools. The huge impact on the financial market and economic operation has led to a significant increase in the international community's demand for currency diversification, and the internationalisation of the RMB has ushered in new opportunities. ....

China Galaxy Securitie ,

Increasing Countries Join "De-Dollarisation" amid Currency Settlement Diversification, Here are Their Various Policies, RMB Internationalisation is Accelerating_SMM

With the sound development of China's economy, the international status of RMB has become increasingly prominent. The process of RMB internationalisation has been accelerated. At the same time, because the Federal Reserve’s aggressive interest rate hikes, banking crises and economic recession risks continue to amplify the risk of US dollar credit overdrafts. Many countries have to accelerate measures to deal with the impact of US financial risk spillovers on other countries. More and more countries choose to join the team of "de-dollar", and now the international currency settlement is increasingly showing a trend of diversification. The diversification of currency settlement also provides impetus for the orderly advancement of RMB internationalisation. ....

Hong Kong , South Africa , United Arab Emirates , United States , Russian Federation , Pan Gongsheng , Jin Zhongxia , Elon Musk , Perry Vajiyo , Al Zeyoudi , Sergey Viktorovich Lavrov , Alexander Novak , Rt News Network On , Chicago Mercantile Exchange , Group Of Twenty , Central Bank , China Construction Bank , Oil Trade In Rupees , Ministry Of Foreign Affairs , International Settlements , Indian Ministry Of Foreign Affairs , Bank Indonesia , People Bank , Hong Kong Modern Service Industry Cooperation Zone , Indian Ministry Of Foreign Affair , International Department Of The People Bank ,

Default of 6.1 Bn Yuan Sky-high Lithium Mine: Company Disqualified and Punished_SMM

On April 23, the Department of Natural Resources of the Xinjiang Uygur Autonomous Region issued an announcement announcing that Xinjiang Zhite New Materials Co. would be disqualified from bidding for the Washixia South Lithium Mine and would be punished jointly. ....

Xinjiang Zhite New Materials Co , Natural Resources , Xinjiang Uygur Autonomous Region , Xinjiang Zhite New Materials , Washixia South Lithium Mine , Washixianan Lithium Mine ,

Bank Of Japan's Governor Warns That Monetary Policy Will Tighten If Wages And Inflation Rise More Than Expected_SMM

Bank of Japan’s Governor Kazuo Ueda said that tightening monetary policy now may lead to serious situations in the future. ....

Kazuo Ueda , Governor Kazuo Ueda ,