Sunnah Currency has encountered a significant amount of opposition, in particularly, by state-owned gold refineries in Muslim countries that refuse to mint the gold dinar and silver dirham coins, specifically the kind that were commissioned under the edict of Umar Farooq (RA), any coins with the inscription ‘Dinar or Dirham’ on them, or weights commissioned by […]
Argentina to pay for Chinese imports in yuan ditching the dollar
Introduction Explanation of the topic Brief background information Importance of the decision Purpose of the article Understanding the new payment system Explanation of the new payment system Benefits of using yuan instead of dollars Comparison of yuan and dollar Impact on Argentina’s economy Argentina and China’s trade relations Overview of trade relations between the two […]
The Yuan Just Passed The Dollar in China’s Cross-border Payments
China has been pushing for the internationalisation of its currency, the yuan, for years. Recently, a major milestone was reached as the yuan surpassed the US dollar in cross-border payments in China. This marks a significant moment in China’s efforts to reduce its dependence on the US dollar and establish the yuan as a global […]
The writing is on the wall: Saudi Arabia Selling Oil To China For Gold
Rumours have been circulating that Saudi Arabia is vending oil in exchange for yuan, which is then converted into gold on the Shanghai International Gold Exchange (SGEI). This move could be considered reasonable as numerous countries seek to reduce their reliance on the US dollar, but the renminbi is not a suitable replacement for the […]
Stanley Druckenmiller, a billionaire investor and right-hand man to George Soros, bets against the US dollar.
Stanley Druckenmiller, a billionaire investor and former right-hand man to George Soros, has made a high-conviction bet against the US dollar. He cites his negative view of US policymaking as the reason for his confidence in the move. Druckenmiller believes that the US dollar, which has already declined by 10% since its November peak, has […]
Fears of a New Banking Crisis with First Republic Banks Near Collapse
Introduction The banking sector has always been a vital component of any economy. The recent news of the First Republic Bank’s near collapse has raised concerns about the possibility of another banking crisis. The First Republic Bank is one of the largest and most influential banks in the country, and its failure could have significant […]
First Republic Bank to Weigh Up to $100 Billion in Withdrawals
Introduction The banking industry is experiencing an era of change with the emergence of digital banking, and First Republic Bank is no exception. First Republic Bank is considering selling up to $100 billion worth of assets. In this article, we’ll explore the reasons behind the bank’s decision and the implications of such a move. Why […]
Google Search on ‘How to Buy Gold’ Hits a Record High as Crypto Investors Chase World’s Oldest Asset
Introduction As the world continues to experience rapid digital transformation, investors are constantly searching for ways to secure their wealth. In recent times, gold has become a popular investment choice for many people, especially crypto investors. According to recent reports, the search for ‘how to buy gold’ on Google has hit an all-time high as […]
Nineteen countries expressed an interest in joining the BRICS
The BRICS is an acronym for Brazil, Russia, India, China, and South Africa. These countries represent the five major emerging economies of the world. The BRICS is a political and economic alliance that was formed in 2006 with the goal of creating a unified voice for the developing world. In recent news, nineteen countries have […]
De-Dollarisation Is Happening At A “Stunning” Pace.
In recent years, de-dollarisation has become a hot topic in the world of finance. Countries around the world are increasingly looking to reduce their dependence on the US dollar as the world’s reserve currency. This shift has been described as happening at a “stunning” pace, with some experts predicting that the dollar’s dominance may be […]