DAMASCUS (Reuters) - Syria plans to print a newly-designed currency in the UAE and Germany instead of Russia, three sources said, reflecting rapidly improving ties with Gulf Arab and Western states as ...
CBDC is a digital form of a country’s sovereign currency designed to function as a digital equivalent of traditional banknotes and coins. More than 100 countries today are exploring the potential ...
The Dubai Gold and Commodities Exchange (DGCX) announced on Wednesday that it will launch contracts in USD/CHF, AUD/USD and USD/CAD on June 15. The contracts will be priced in USD and be denominated ...
India just ditched the dollar and used its own currency to buy a million barrels of oil from the UAE
India bought 1 million barrels of oil from the United Arab Emirates using its own currency instead of US dollars. The Indian Oil Corp settled a payment in rupees with the Abu Dhabi National Oil ...
The UAE federal government and individual emirates are expected to issue a combined $18 billion in local currency loans this year as part of efforts to build a domestic debt yield curve, repay ...
The UAE Central Bank (CBUAE) has launched its digital currency implementation strategy, which forms one of the key initiatives in its programme to digitise the country’s finance sector. In February, ...
BEIJING (Reuters) - China and the United Arab Emirates on Tuesday signed a currency swap agreement worth 35 billion yuan ($5.54 billion), the People's Bank of China said, adding that the deal was ...
Three major Abu Dhabi entities, including a sovereign wealth fund, plan to launch a stablecoin fully regulated by the central bank of the United Arab Emirates and backed by the dirham, a move that ...
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