Tunisia, a North African country, has recently made a bold decision to refuse loans from the International Monetary Fund (IMF) and express interest in joining the BRICS group. This decision has sparked a great deal of interest and debate among economists and policymakers, as it represents a significant shift in Tunisia’s economic strategy. In this […]
Anti-Putin sanctions to backfire on Dollar? Biden ‘panics’ as U.S. Treasury Secy warns
Outline I. Introduction Explanation of anti-Putin sanctions Brief background on the US-Russia relationship The impact of sanctions on the US dollar II. What are the anti-Putin sanctions? Explanation of the sanctions imposed on Russia Who is affected by these sanctions? The reasons for the sanctions III. How will the sanctions impact the US dollar? Analysis […]
Depositors Pull a Whopping $60 Billion from three U.S. Banks
The recent news of depositors withdrawing $60 billion from three US banks has caused a stir in the financial world. This unprecedented move has raised concerns about the stability of these banks, and investors are looking for answers. In this article, we will take a closer look at what happened, why it happened, and what […]
Yellen says sanctions may risk hegemony of US dollar
The US dollar has been the world’s dominant currency for decades. Its position has been reinforced by the power and influence of the United States, its economy, and its policies. However, recent comments by Janet Yellen, the US Treasury Secretary, have raised questions about the sustainability of this status. Yellen has warned that the use […]