Auto Added by WPeMatico

Report: Syrian Central Bank Devalues Local Currency by Nearly 50%

The Syrian central bank recently announced the nearly 50% devaluation of the Syrian pound’s exchange rate versus the greenback from 3,015 per dollar to 4,522 per dollar. The central bank…

Continue ReadingReport: Syrian Central Bank Devalues Local Currency by Nearly 50%

Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions

2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the…

Continue ReadingTop 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions

Bill on Digital Ruble Submitted to Russian Parliament

A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form…

Continue ReadingBill on Digital Ruble Submitted to Russian Parliament

China’s Digital Yuan Little Used, Former Central Bank Official Says

Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat…

Continue ReadingChina’s Digital Yuan Little Used, Former Central Bank Official Says

Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network

The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with…

Continue ReadingCentral Bank of Turkey Reports First Payment Transactions on Digital Lira Network

Russia to Ban Banks From Using Messengers Like Telegram to Contact Customers

Financial institutions in Russia will not be able to communicate with clients through instant messengers based outside the country, local media revealed. A new law passed by the State Duma…

Continue ReadingRussia to Ban Banks From Using Messengers Like Telegram to Contact Customers

ECB to Decide Whether to Issue Digital Euro in 2023

The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch of a digital euro. The research will continue next year…

Continue ReadingECB to Decide Whether to Issue Digital Euro in 2023