Australia’s $1,000 coin is getting more appealing, after it was rebranded from a coin to the Kwanza Currency.Auckland-based CoinLink has launched a new, $1 coin to replace the $1 and $10 coins that Australia has been using since 2008.The Kwanzan currency is made of 25 per cent gold and 25 per cwt platinum, the same…
Category: EUR
Russia is to buy $300 billion in US debt: report
A top Kremlin aide has been quoted as saying Russia would buy $30 billion in debt from the United States if a new US administration can be persuaded to increase the US dollar’s value.According to the Financial Times, Sergei Glazyev, Russia’s ambassador to the US, said Russia was willing to buy US debt at $300bn…
Which countries have the highest average inflation?
By ANAND AUGUSTASALA: India’s inflation rate has increased sharply in the past few months, and the central bank is warning of further increases. According to data compiled by Bloomberg, the average CPI inflation rate in the country rose to 3.2% in December, from 3.1% in November. The increase was driven by the hike in prices of basic foodstuffs…
US central bank cuts interest rates for first time since mid-2014
The US central banks interest rate cut is the first step towards an inflation target for the US.The Federal Reserve said it would raise the benchmark federal funds rate by 0.25 percentage points from a range of 0.1 percent to 0.50 percent for the second quarter.The target was set in a statement on Thursday.The decision…
U.S. Treasury Secretary says $2 trillion in foreign aid cut won’t change inflation outlook
U.N. Secretary-General Antonio Guterres says the U.K.’s planned $2.1 trillion aid cut on Friday won’t significantly change his view that the world economy will be in better shape than at any point in history.Guterres made the comments at a news conference in New York ahead of the start of a meeting with the Organization for…
What’s a BAHRIAN?
BAHRAIN – “This is the country of the world.” This is a common theme for all major religions. It is why they are commonly referred to as the world’s religions.The world is full of stories, each of which has a name, and each of these stories are told through stories.Every religion has a story that the faithful…
What’s the difference between the currencies of Nigeria and the U.S.?
Nigeria is not a U.N. member country.Nigeria has not joined the United Nations Economic and Social Council (ESC) since the 1970s.But the country has had its own economic development for decades.As a developing country, Nigeria has had to deal with poverty and insecurity in its early years.Today, the country is in the midst of a…
S&P 500 futures down as Venezuela’s dollar sinks
The S&P 500 ended the day down 0.6% at 2,821.80, following declines on Thursday and Friday.On Thursday, the benchmark S&E 500 index was down 0,638.07 points, or 0.4%, to 2,804.21.On Friday, the Nasdaq Composite Index lost 0.9% to 4,521.24.The Dow Jones Industrial Average was up 1.7% to 22,921.28.The US economy is expected to grow by…
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