Iran’s Central Bank lifted a ban on exchange offices on Monday, allowing them to bring in much-needed hard currencies ahead of the official reimposition of sanctions on the Islamic Republic’s automotive sector, gold, and other key metals by the United States.
Contents: Iran’s anti-government protests expand as rial currency plummets; The Grand Bazaar and the prospects for regime change
“There’s no question that the weakening of the currency creates an unfair advantage for them,” Mnuchin said.
Despite the chatter about trade war and currency war on Wall Street, the U.S. stock market was unshaken.
Venezuelan dictator Nicolás Maduro announced on Tuesday that he will knock three zeros off their currency and create a new monetary system known as the “sovereign bolivar.”
Treasury Secretary Steven Mnuchin caught markets off guard this week by telling the truth about the dollar.
Saudi Arabia announced on Wednesday that it is transferring $2 billion to the central bank of Yemen to shore up the Yemeni riyal, which has depreciated alarmingly as the civil war in Yemen drags on.
The Syrian Central Bank has debuted a new, higher denomination bill featuring dictator Bashar al-Assad, the first time Assad has appeared on the nation’s currency. Such an appearance may imply renewed confidence in his stability as a leader, as the Islamic State rapidly loses territory in its “capital,” Raqqa.
President Donald Trump softened his position on China, citing the need for them to help the United States deal with the threat posed by North Korea.
A recently-announced purchase of an American financial services corporation by a Chinese owned company may weaken President Trump’s efforts to make America great again and could set back Trump’s trade reform efforts.
A study finds that more than 2.4 million Venezuelans resort to eating garbage to survive, as video of this phenomenon surfaces – Venezuelans patiently waiting for markets to throw away their rotted produce and dig for anything remotely edible.
Venezuela said it would start issuing higher denominations of currency as the country faces triple-digit inflation and a currency meltdown that reduced the value of the country’s largest note to 2 U.S. cents.
Donald Trump issued a stern warning to the Beijing regime in his acceptance speech. He said he would stop China’s “outrageous theft of intellectual property,” “illegal dumping” and “devastating currency manipulation.”
Now that Secretary of the Treasury Jacob Lew has confirmed his agency’s decision to replace President Andrew Jackson with black Republican Harriet Tubman on the front of the $20 bill, the Obama administration is looking to place more leaders of the women’s suffrage movement onto the back of the $10 bill and plans to add black civil rights leaders onto the back of the $5 bill.
Large denomination physical cash is going to be outlawed if central bankers have their way.
The IMF just confirmed Breitbart News’ October 5 warning that Saudi Arabia’s cash reserves are in free-fall, with a new estimate that the world’s richest kingdom may be bankrupt by 2020.
AFP reports that Turkish police have busted six suspected ISIS militants for attempting to illegally mint coins. It seems like one of the more bizarre crimes to emerge from the Islamic State chamber of horrors, but the report notes that ISIS has long been interested in creating its own currency to achieve a measure of independence from what it describes as “the satanic global financial system.”
Greeks are getting around what is delicately described as a “liquidity problem”—i.e. no money—by bringing back the barter system. It even has an Information Age twist: a bartering website with its own virtual currency system, and thousands of users.
One of the big problems with allowing an authoritarian communist/crony-capitalist regime to become a world financial leader is that they lie about everything. China’s long-concealed economic woes finally became impossible to hide, and we got a worldwide market panic that sent the
The value of the euro compared to major peer currencies is already dropping as the financial effects of the Greek ‘No’ vote in Sunday’s referendum filter into the global market. With analysts predicting banks facing funding crises and individuals unable to take their money from ATMs, volatility is set to reign for some time.
Supporters of the world’s wealthiest terrorist group, the Islamic State (ISIS), have begun circulating images on social media, confirmed by anti-ISIS activists, of gold coins minted within ISIS strongholds, allegedly a “currency” that will be put to use in the near future.
Three years before the Obama Administration cynically decided to remove Alexander Hamilton from the $10 bill and replace him with a woman, the Washington Post reported that Rachel Dolezal posted a video in which she ranted about the “older white
The value of Venezuela’s bolivar currency collapsed this month, as air carriers and U.S. automakers announce they will only do business in U.S. dollars.
Something is brewing in Europe now that has the Swiss National Bank worried. If you haven’t been paying attention in the last 24 hours, the currency and equity markets have been rocked by a surprise move to delink the existing currency peg
Last February, the New York Times editorial writer Joe Nocera raged against “The Bitcoin Blasphemy,” which he claimed was libertarian “sacrilege” since it is “unconnected to any currency or any government.” But try as they might, the leftist thought police at the Times that see bitcoin as an existential threat to “full faith” in the dollar and the U.S. government are failing.
