betekenis van het woord CURRENCY

Vierde bank van Bulgarije onder supervisie na bankrun

The small, impoverished country of Bulgaria may not be in the Eurozone (even though its CURRENCY is pegged to the Euro), but it is in the European Union. Which is why we find it surprising that there has been relatively little mention that overnight the fourth largest Bulgarian bank, Corporate Commercial Bank (Corpbank) and which in recent weeks has made headlines due to the political exposure of one of its largest shareholders, was seized by the Bulgarian central bank following what Reuters reports was a run on the bank.

Gaan Rusland en China het dollartijdperk beëindigen?

Countries all over the world are meeting for a purpose that concerns you greatly, whether or not you're American: disuse of the US dollar.  

Countries all over the world are meeting for a purpose that concerns you greatly, whether or not you're American: disuse of the US dollar.  

Since the outbreak of the Ukraine crisis the end of the US dollar seems closer than ever. In move-after-move, Russia and China have become closer allies. There are numerous examples of this. For brevity's sake, two recent examples catch the eye. Gazprom issued bonds in the Chinese Yuan and Russia and China also signed a gas deal.  There are many more examples. 40 central banks have even placed bets on the yuan as the future reserve CURRENCY.

BIS: rol dollar als reservemunt is veilig, maar gaat krimpen

The dollar's share of central bank reserves may fall by as much as 10-15 percentage points in coming years without threatening its role as the world's main reserve CURRENCY, a senior official from the Bank of International Settlements said on Saturday.

Peter Zoellner, head of the banking department at the central banks' central bank, also told one of the year's biggest gatherings of foreign exchange dealers that the role of China's renminbi would continue to grow.

Frankfurt eerste renminbi-betalingshub in Europa

The central banks of Germany and China signed an agreement on Friday to facilitate transactions in the Chinese CURRENCY in Frankfurt, the Bundesbank said, making Germany's financial capital the first hub for such payments in Europe.

The Bundesbank and the People's Bank of China signed a memorandum of understanding during Chinese President Xi Jinping's state visit to Germany on Friday, ahead of a similar agreement between China and Britain expected on Monday.

Wat gaat de Amerikaanse dollar vervangen?

In CURRENCY Wars I gaf Jim Rickards nog aan dat hij verwacht dat de val van de Amerikaanse dollar vermeden kan worden. Enkele jaren later is hij van gedacht veranderd, de Amerikaanse dollar is het point-of-no-return voorbij. Een verdere val van de globale economie en de implosie van de Amerikaanse dollar kan voor een nieuwe reservemunt zorgen, daar ziet Rickards 3 mogelijke scenario's voor.