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Tunisia’s Forex Reserves Decline by $1 Billion Due to Eurobond Payment

Tunisia is currently facing significant economic challenges, particularly as its foreign-exchange reserves take a substantial hit. In a dramatic decline, currency reserves dropped by nearly 13% in a single day,…

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CBN Resolves $7 Billion Forex Backlog, Enhancing Market Transparency

The Central Bank of Nigeria (CBN) has recently taken significant steps to address the longstanding challenges in the country's foreign exchange market. Under the leadership of Governor Olayemi Cardoso, the…

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BYD Allocates $5 Billion for Forex Derivatives Trading to Hedge Yuan Volatility Risks

BYD, the preeminent leader in the electric vehicle (EV) industry globally, is taking significant steps to mitigate financial risks associated with currency fluctuations. In light of increasing geopolitical tensions and…

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BYD’s $5 Billion Forex Strategy to Address Yuan Volatility

In a proactive effort to protect its expansive global operations from the unpredictable landscape of currency fluctuations, BYD, renowned as the world's foremost manufacturer of electric vehicles (EVs), has declared…

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BlackRock’s $60 Billion Bitcoin Holdings

The landscape of the cryptocurrency market is currently shaped by various pivotal trends, particularly the growing interest and investment from institutional players. The recent moves from significant asset management firms…

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India’s Forex Reserves Drop by $1.88 Billion to $623.983 Billion: RBI

India is currently experiencing fluctuations in its foreign exchange (forex) reserves, which play a critical role in maintaining the nation's economic stability and ensuring international financial obligations are met. The…

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India’s Forex Reserves Drop by $1.88 Billion to $623.98 Billion

India's foreign exchange reserves have recently experienced notable fluctuations, marked by a significant decline that raises questions about the broader economic landscape. In the week concluding on January 17, the…

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Forex Reserves Drop Below $20 Billion

The foreign exchange reserve situation in Bangladesh has become increasingly precarious, as recent data shows a worrying dip below the $20 billion mark. As of January 22, the country's reserves…

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Trump’s New Crypto Token Surpasses $10 Billion Market Cap

Donald Trump has made waves in the cryptocurrency world by launching his own digital asset, dubbed $TRUMP, on the Solana blockchain just ahead of his anticipated presidential inauguration. Officially introduced…

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Pakistan’s Forex Reserves Hit 3-Year Peak at $18.7 Billion

Pakistan's foreign exchange reserves have reached a significant milestone, hitting a three-year high of $18.7 billion by November 2024. This surge provides much-needed stability to the nation's external financial position.…

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India’s Forex Reserves Decline by $5.69 Billion

India’s foreign exchange reserves, often called forex reserves, experienced a significant drop of $5.693 billion in the week ending January 3, 2025, according to the Reserve Bank of India (RBI).…

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379 Billion Shiba Inu Transaction Shakes Crypto Market

The cryptocurrency Shiba Inu (SHIB) has recently seen a surge in trading activity, particularly on Binance, the world's largest cryptocurrency exchange. Over the past 24 hours, a substantial 379.27 billion…

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Crypto VCs Predict $18 Billion Investment Boom in 2025

The year 2025 is poised to witness a significant resurgence in venture capital investment within the cryptocurrency sector, with analysts predicting a near doubling of funding compared to prior periods.…

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Crypto Losses Hit $1.7 Billion: Private Key Theft and Access Control Exploits Surge

The cryptocurrency landscape witnessed a significant loss of $1.7 billion in 2024 due to the theft of private keys, highlighting a critical vulnerability within the Web3 ecosystem. This figure, revealed…

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India’s Forex Reserves Decline by $8.478 Billion to $644.391 Billion

The latest figures from the Reserve Bank of India (RBI) underscore a significant contraction of the country’s foreign exchange reserves, a situation that requires a deeper understanding of the underlying…

Continue ReadingIndia’s Forex Reserves Decline by $8.478 Billion to $644.391 Billion

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