El Salvador Defies IMF’s Bitcoin Cap, $1.4 Bln Deal Faces New Tension
Key Insights IMF and El Salvador reached a staff-level agreement under a $1.4 billion deal, requiring the country to halt…
El Salvador Boosts Bitcoin Reserves with 6 BTC, Challenging IMF Agreement
Key Insights El Salvador has continued purchasing bitcoin, increasing its holdings to 6,111.18 BTC despite an IMF deal requiring the…
IMF Trims Nigeria Economic Growth Outlook to 3% for 2024
Key Insights IMF lowered Nigeria’s economic growth forecast for 2024 to 3.0% from 3.1% projected in October Revision part of…
IMF Chief Sees CBDC Replacing Cash But Adoption Will Take Time
Key Insights IMF Managing Director says CBDCs can eventually replace cash. But widespread CBDC adoption globally will take time despite…
IMF Upgrades Russia’s 2023 Economic Growth Forecast, Cautions on 2024
Key Insights The IMF has raised its 2023 economic growth forecast for Russia to 2.2%, a significant increase from the…
De-Dollarization: 3 reasons why USD is losing its dominance
Key Insights The US dollar was the world’s reserve currency for decades, but its dominance is waning. The sanctions against…