Currency

China Will Be The First Country To Launch A Digital Currency: What Happens Then

By Wim Boonstra of Rabobank Summary China may be the first major country to launch a central bank digital currency or CBDC The Chinese CBDC, named DCEP, will strengthen the position of the central bank and help to further modernize the Chinese economy The DCEP will probably also be available for China’s trade partners, to…

Mass Starvation Looms as Yemen’s Currency Nears Historic Freefall

By Ahmed Abdulkareem TAIZ, YEMEN- – Both Saudi Arabia and the United Arab Emirates seem to be doing everything in their power to prevent an end to the suffering in Yemen. Even those living in areas under the total control of the wealthy Gulf monarchies are facing levels of devastation that hearken back to the…

Central Bank Of Uzbekistan Introduces Parallel Currency: Gold

Submitted by Jan Nieuwenhuijs, the Gold Observer Since November 2020, the central bank of Uzbekistan (CBU) issues sealed gold bars with a QR-code for real time verification. With these new bars CBU aims to stimulate gold to be used as a store of value, as well as promote the circulation of gold. More and more…

One-World Currency Included In The “Endgame” Reset

Authored by Bruce Wilds via Advancing Time blog, The idea the world would be better served with a single “World Currency” has been growing and looms as a real possibility in the near future. Many people see this as a major part of the “endgame” or something that will constitute a needed reset to a…

Erdogan Fires Turkish Central Bank Governor, Launching Full-Blown Currency Crisis

Back in July 2019, when Turkey’s economy was in freefall and its inflation was soaring following a historic currency crash in mid-2018, and shortly after Erdogan became a de facto executive and unopposed ruler of Turkey, the Turkish president had a brilliant idea: take decades of monetary orthodoxy and flip them on their head. Faced…