Latest News for: Currency default

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US set to block Russian debt payments, raising odds of default

Stars and Stripes 17 May 2022
bondholders after a deadline expires next week, a move that could bring Moscow closer to the brink of default ... levied sanctions on Russia over its invasion of Ukraine in February, has given Moscow room to pay coupons, helping it avert default on its government debt.
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Citi, UK’s BII agree $100 million risk-sharing facility for Africa

FX Empire 17 May 2022
LONDON (Reuters) – British International Investment (BII) and U.S ... In particular, the partnership is aimed at providing capital in local currencies to markets where lending to SMEs is risky, with BII taking on some of the risk that borrowers could default or that currency fluctuations could result in losses ... Advertisement ... Sign Up. Latest Articles ... ....
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Citi, UK’s BII agree $100 million risk-sharing lending deal for Africa

Metro USA 17 May 2022
The two parties will share risk on a 50/50 basis, meaning that BII would cover half the losses in a scenario where a small business defaults on a loan provided by Citi. The partnership is aimed at providing capital in local currencies to markets where lending to SMEs is risky because of an uncertain business environment and currency fluctuations ... .
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Citi, British International Investment agree $100 million risk-sharing lending deal for Africa

Reuters 17 May 2022
The two parties will share risk on a 50/50 basis, meaning that BII would cover half the losses in a scenario where a small business defaults on a loan provided by Citi. The partnership is aimed at providing capital in local currencies to markets where lending to SMEs is risky because of an uncertain business environment and currency fluctuations.
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Lebanon vote weakens Hizbollah bloc as reformists book gains

The Jordan Times 17 May 2022
BEIRUT — An election in crisis-hit Lebanon appears to have dealt a setback to the biggest bloc, led by the Iran-backed Hizbollah party, and boosted reformists, provisional results showed on Monday ... 'Build a country' ... The election was held two years after Lebanon defaulted on its debt and as the currency has lost 95 per cent of its value ... Image ... Right .
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President Nayib Bukele hosts 44 countries in El Salvador to discuss Bitcoin

Cryptopolitan 16 May 2022
El Salvador’s president Nayib Bukele announced in September 2021 that the Central American nation would be the first to accept Bitcoins as legal currency ... The government was also in discussions with the International Monetary Fund for an extended loan, but talks broke down when President Nayib Bukele recognized Bitcoin as legal currency.
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National View: Belgians, Chinese have much to teach about cryptocurrency

Duluth News Tribune 16 May 2022
The dollar’s status as a reserve currency is based in part on trust, stability, and the rule of law ... dollar is the reserve currency does not mean the United States will, by default, own the reserve platform of the crypto future ... It has been developing and promoting its digital yuan, a central bank digital currency, since 2014.
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A 44-Nation Bitcoin Gathering in El Salvador May Draw IMF Ire

FX Empire 16 May 2022
Key Insights.. El Salvador continues to grab the crypto news headlines, with President Nayib Bukele driving bitcoin adoption at a national level ... Last September, El Salvador became the first nation to make bitcoin (BTC) legal tender ... In February, Fitch Ratings El Salvador’s Long-Term Foreign Currency Issuer Default Rating (IDR) from B- to CCC ... Sign Up.
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Lebanon vote weakens Hezbollah bloc as reformists book gains

The New Arab 16 May 2022
An election in crisis-hit Lebanon appears to have dealt a setback to the biggest bloc, led by the Iran-backed Muslim Hezbollah party, and boosted reformists, provisional results showed Monday ... 'Frustration' ... 'New start'. The election was held two years after Lebanon defaulted on its debt and as the currency has lost 95 percent of its value ... ....
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Domain and Hosting Order System with Freebies - Cheap WHMCS Alternative - only 9.99 USD!

Web Hosting Talk 15 May 2022
It supports over 700 domain extensions, 27+ online payment gateways, multi-currency with auto exchanger ... ○ Supports any currency symbol or name. You can define right and left currency symbols and currency code(for default and each payment gateways separately) ... It can be convert default currency to payment gateway's currency automatically.
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Dateline May 25. 2026: U.S. and Canada at War!

Dissident Voice 15 May 2022
“This is a joke ... After the US crashed the world economy in 2023 by defaulting on its national debt, then replaced the US dollar with JoinCoin, its national digital currency — known among traders as Sh*tCoin — which within 24 hours plunged in value to practically zero, a lot of people across the globe were left holding the bag. A big empty bag ... ... ... .
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The dollar's dominance is here to stay as China's zero-COVID strategy hurts the yuan, a ...

Yahoo Daily News 14 May 2022
The dollar is the most important currency in the world.EVA HAMBACH/Getty Images ... The US freeze on Russia's currency reserves has cast doubt on the dollar's reliability, but Lord said the fears are overblown ... "The US dollar is going to be the world's dominant reserve currency for a very long time to come.".
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Fitch affirms Malta at 'A+'; outlook stable

The Malta Independent 14 May 2022
Fitch Ratings has affirmed Malta's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Stable Outlook ... ADVERTISEMENT .
photo: AP / Salvador Melendez
A worker at Hope House, an organization that sponsors the use of cryptocurrencies in El Zonte beach, makes a purchase at a small store that accepts Bitcoin, in Tamanique, El Salvador, Wednesday, June 9, 2021
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Muted response from El Salvador to this week’s latest bitcoin plunge

La Prensa Latina 14 May 2022
Between Sept ... Fitch Ratings, meanwhile, said in a commentary on its February move to downgrade the country’s long-term foreign currency issuer default rating from B- to CCC that “the adoption of bitcoin as legal tender has added uncertainty about the potential for an IMF program that would unlock financing for 2022-2023.”.
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Sri Lanka's president to name new premier

The Manila Times 13 May 2022
COLOMBO ... "A swearing-in is likely today unless there is a last-minute hiccup," a senior official close to the president told Agence France-Presse (AFP) ... Sri Lanka is in talks with the International Monetary Fund and others about a bailout package after a shortage of foreign currency forced it to default on its foreign debts last month ... ....

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