Auto Added by WPeMatico

Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility

Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold (zig) from severe market disruptions. He also pledged…

Continue ReadingZimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility

Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops

A report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage point to 20% in 2023. According to the report, the…

Continue ReadingEuro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops

Pakistanis Own $20 Billion in Crypto, Report Reveals

In the absence of regulations, people in Pakistan have invested a serious amount of money in digital assets. New research claims Pakistanis keep some $20 billion in cryptocurrency, allegedly more…

Continue ReadingPakistanis Own $20 Billion in Crypto, Report Reveals