UAE officials warned they may be forced to use yuan or other currencies if they run low on dollars
The United Arab Emirates apparently dropped a hint the dollar’s dominance isn’t assured in the global oil trade…
Cash makes a comeback as Europeans prepare for war
Against the backdrop of an increasingly conflict-driven international environment, physical money is making a comeback in Eastern Europe…
The ‘petrodollar’ has been weakening for years, economists warn. The Iran war put a spotlight on it
The gold standard may have ended in the early 1970s, but something else quietly took its place for…
Dollar dominance is reinforced by the oil trade, but the Iran war could give rise to the ‘petroyuan’
Middle East oil has long been a linchpin of the U.S. dollar’s status as the dominant currency in…
Poland’s president vetoes €44B EU loans-for-weapons program – POLITICO
The veto also defies the military, whose top brass have spoken out in favor of the SAFE loans.…
Goodbye Winston Churchill, hello beavers on English banknotes – POLITICO
The bank said it will hold a second public consultation in the summer to gather views on the…
Swiss vote places right to use cash in country’s constitution – POLITICO
Swiss Federal Council member Karin Keller-Sutter unveiled the results at a press conference Sunday evening. The vote means…
Finance Ministry Suspends March FX and Gold Operations to Adjust ‘Budget Rule’
Russia’s Finance Ministry said Wednesday that it will halt foreign currency and gold purchases and sales in March…
Merz calls for rebalancing of Germany’s ‘unhealthy’ trade ties with China – POLITICO
In advance of Merz’s trip, some German business leaders called on the chancellor to take a harder line…
Bank of Canada maintains rate at 2.25% as growth stalls in Q4 while trade and geopolitical risks remain high – KITCO
Bank of Canada maintains rate at 2.25% as growth stalls in Q4 while trade and geopolitical risks remain…