It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
“And So I just want to assure those in Kenya who were facing challenges of access to dollars that we have taken steps to ensure that dollar availability in the next couple of weeks is going to be very different because our fuel companies will now be paying for fuels in Kenya shilling,” the President said during the listing of the Laptrust Imara I-REIT at the Nairobi Securities Exchange last Wednesday.
[ editby]edit on 27-3-2023 by fringeofthefringe because: (no reason given)
originally posted by: socialmediaclown
The BRICS Has Overtaken The G7 In Global GDP
The India-based Megh Updates platform, one of the world’s largest online informational platforms in terms of views, has stated that BRICS countries have officially overtaken G7 in share of world PPP GDP, and that this trend can be expected to continue.
The BRICS currently include Brazil, Russia, India, China and South Africa, while the G7 includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, as well as the European Union.
A real shake up is also to be expected these coming days with Mexico, long part of the North American free trade bloc NAFTA (now superseded by the Canada-United States-Mexico Agreement (CUSMA) agreement) poised to join BRICS. That will be seen as a direct affront to Mexico’s US relations and a sign that global economies, even on America’s border, are having serious doubts about the US ability to trade on fair and equal terms.
The current BRICS five now contribute 31.5% of global GDP, while the G7 share has fallen to 30%. The BRICS is expected to contribute over 50% of global GDP by 2030, with the proposed enlargement almost certainly bringing that forward. China’s GDP actually overtook that of the United States in 2015 when comparing economies in purchasing parity terms.
www.silkroadbriefing.com...
China EximBank, Saudi National Bank achieve first loan cooperation in yuan
The Export-Import Bank of China (China EximBank), a major policy bank in China, announced on Tuesday that it has achieved the first loan cooperation with Saudi National Bank, the largest bank in Saudi Arabia, in yuan, facilitating financial cooperation under the framework of the China-proposed Belt and Road Initiative (BRI).
Iraq's central bank said in February that it plans to allow trade from China to be settled directly in the yuan for the first time, in an attempt to improve access to foreign currency, according to Reuters.
It is the first time imports would be financed from China in the yuan, as Iraqi imports from China have been financed in (US) dollars only," said Mudhir Salih, the government's economic adviser, according to a Reuters report.
www.globaltimes.cn...
UAE Central Bank launches ‘The Digital Dirham’ CBDC strategy
After announcing its plans in February, the central bank of the United Arab Emirates (UAE) has recently launched a new strategy that would provide the infrastructure and technology for the issuance of its central bank digital currency (CBDC) called ‘digital dirham.’
Meanwhile, the Bank for International Settlements (BIS) has finalized the project ‘Icebreaker’ that explores the potential advantages and challenges of using CBDCs in international payments in partnership with the central banks of Israel, Sweden, and Norway, as Finbold reported.
finbold.com...
India and UAE to Collaborate on Developing Digital Currencies
The Reserve Bank of India and the Central Bank of the United Arab Emirates signed a memorandum of understanding in Abu Dhabi to explore the interoperability between the CBDCs of the two countries.
India has been testing a retail CBDC in 15 cities reaching more than 50,000 customers, and 10,000 merchants. It hopes to launch a digital currency by the end of the year.
www.google.com...=amp
originally posted by: socialmediaclown
a reply to: AndyFromMichigan
All Americans alive today have never experienced living in a society that hasn't been propped up by the U.S. position of being the powerhouse of the global economy.
It is all about food now
originally posted by: Thoughtful2
a reply to: Justoneman
I just circled back to East Palestine to see what the EPA is currently up to.
The EPA Waited Weeks to Test For Dioxins
At this point this is more than sheer incompetence. The average person would consider most of the actions that should be taken as common sense but that isn't what is happening. They are making specific decisions that are not in the community's best interests. The big question is who is behind this?