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 […]
Sunnah Coin (Islamic Coin) – A Store of Value and a Hedge Against Currency Volatility
In recent years, the world has witnessed a surge in the popularity of digital currencies. While these currencies have numerous advantages, they are not without their challenges. Volatility is one of the most significant issues associated with digital currencies. This problem has made investors look for alternatives that offer stability and security. In this article, […]
Who will Launch their Gold-Backed Digital Currency first: Zimbabwe or Sunnah Coin (islamic coin)?
The Reserve Bank of Zimbabwe (RBZ) has announced plans to launch a gold-backed digital currency in a bid to reduce the country’s reliance on the U.S. dollar. The move comes as the country faces ongoing economic challenges and struggles to access foreign currency. Introduction Zimbabwe has a long history of economic instability, including hyperinflation and […]
“In banks we (the gullible) trust”: While Moody’s Continues it’s downgrading spree of 11 Regional Banks.
Moody’s Investors Service, a leading provider of credit ratings, research, and risk analysis, has downgraded 11 regional banks in the United States, including Zions, U.S. Bank, and Western Alliance. The downgrades were driven by the economic and financial impact of the COVID-19 pandemic, which has affected the financial performance of banks across the country. Table […]