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Category currency swap

Trump’s 25% India Tariff Triggers De-Dollarization: Rupee Hits 87, RBI $3B

Trump’s 25% India Tariff Triggers De-Dollarization: Rupee Hits 87, RBI $3B

Trump’s India tariff impact has been sending shockwaves through global markets right now, as President Donald Trump actually…
BRICS: China Makes Major Financial Announcement

BRICS: China Makes Major Financial Announcement

BRICS member China made a huge financial announcement last week indicating that they are launching a new currency…
BRICS Push Currency Swap With 29 Countries Worth $550 Billion

BRICS Push Currency Swap With 29 Countries Worth $550 Billion

BRICS member China is looking to promote local currency swaps with 29 developing countries worth 4 trillion Yuan,…
US Dollar Shortages: Ethiopia and Nigeria in $100 Million Currency Swap Transaction

US Dollar Shortages: Ethiopia and Nigeria in $100 Million Currency Swap Transaction

According to a report, the central banks of Ethiopia and Nigeria recently consummated a $100 million currency swap transaction. Under the arrangeme...