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To dig the country out of its economic hellhole with hot money inflows, Erdogan will need to let currency slide and deliver a big rate hike.
Claim of links to fugitive gambling mogul arrested in Montenegro this year made days ahead of critical general election.
ENAG inflation research group contends headline figure was 109% y/y, up from April calculation of 105% y/y.
Prospect of removing the Erdogan regime at the ballot box appears to have gone for ever.
As lira trades just below 20/$ in the interbank market, rate at the Istanbul Grand Bazaar hovers in the 21s.
With little expectation strongman Erdogan will be toppled in May 28 run-off vote, markets guard against economic calamity.
Part of the reason the NDB was set up is that the inflow of investment to the emerging world has underperformed in the last few decades and the investment needs remain enormous.
Russian Deputy Prime Minister Alexander Novak said on April 25 that Russia is now settling more of its international trade deals with yuan than it is with dollars.
The Central Bank of Russia is rolling out a “digital ruble” as Russia gets ready to join the cryptocurrency revolution, but in a way that the regulator remains in control of the e-currency.
Kosovo’s government banned energy-hungry cryptocurrency mining last year to tackle winter power shortages.
Russia has overtaken Kazakhstan to become the world's second-largest cryptocurrency mining country in 2023.
Fugitive crypto-king Do Kwon, co-founder of Terraform Labs, on March 23, has been charged in the US for causing the loss of more than $40bn.
Thousands of fake bomb threats linked by officials to Ukraine war have disturbed the everyday lives of North Macedonia’s citizens for months, with schools being the main targets.
Inhabitants of Ekibastuz who were left without heating on freezing winter days have a much different understanding of the term “crypto winter” than digital money enthusiasts.
I will start by stating my conclusion: yes, Central Bank Digital Currencies (CBDCs) are one of the greatest threats to personal freedom today, perhaps even the greatest.
De-Nazarbayevification is a useful electoral strategy, which may explain why the news was announced by Kazakhstan’s ruling party ahead of polls next month.
Montenegro does not have its own currency and has been using the euro since 2006 when it peacefully seceded from its loose union with Serbia.
Tales of families sleeping in cars that are warmer than homes as cold front brings sub-zero temperatures not experienced in half a century.
Accusations against Nexo include money laundering, tax crimes, unlicensed bank operations and computer fraud, a spokesperson for the prosecution said.