Peter Schiff: Phony Economy Must Die or US Risks Financial Ruin
Economist Peter Schiff has warned that restoring a real economy requires letting the “phony economy” collapse, which would…
Browsing Tag
Devaluation
20 posts
Bitso Report Shows Argentines Leading Stablecoin Adoption in Latam
A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were…
Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims
The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision to float the birr and insisted that this…
Russia-Linked Banknotes Blamed for Libyan Dinar Plunge
The Libyan dinar’s recent devaluation has been blamed on a flood of illicit banknotes exchanged for U.S. dollars.…
Mexican Billionaire Ricardo Salinas Doubles Down on Bitcoin, Advises Using It as Inflation Hedge
Ricardo Salinas, the third wealthiest man in Mexico, has recently doubled down on his proposal to use Bitcoin…
Mexican Billionaire Ricardo Salinas Urges Followers to Buy Bitcoin as Nigerian Naira Falls Under a Satoshi
Ricardo Salinas Pliego, one of the wealthiest billionaires in Mexico, has urged his followers to purchase Bitcoin as…
Economic Intelligence Unit: Nigerian Central Bank Lacks Capacity to Defend Local Currency
The Economic Intelligence Unit has stated that the Central Bank of Nigeria cannot halt the rapid depreciation of…
Egypt Devalues Currency, Raises Interest Rates to Fulfill Key IMF Aid Requirement
Authorities in Egypt recently allowed the local currency’s exchange rate versus the U.S. dollar to decrease by more…
Report: Nigerian Central Bank Sued for Dollarizing Economy
In a lawsuit filed by a Nigerian human rights activist, the country’s central bank is accused of failing…
Latam Insights — Argentine Peso Touches Historic Lows, Tether Dominated the Brazilian Market
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last…