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Report: Saudi Arabia mulls ditching dollar in favor of China's yuan
Mar 16, 2022 04:56Saudi Arabia is considering ditching the US dollar in favor of yuan in its oil sales to China, something which stands to profoundly affect the energy market, The Wall Street Journal reports.
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Thousands take to streets in Turkey over rising inflation, currency freefall
Dec 13, 2021 10:51Thousands of people have taken to the streets of Istanbul to protest against the Turkish government's failed economic policies amid rising inflation and depreciating currency.
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'Indefensible': US billionaires became $2.1 trillion richer in 19 months of pandemic
Oct 22, 2021 11:57American billionaires grew in number and expanded their collective fortunes by $2.1 trillion since COVID-19 sparked a worldwide pandemic nineteen months ago, according to a new analysis unveiled recently.
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Ex-CBI chief sentenced to 10 years for upsetting currency market, mismanagement
Oct 17, 2021 03:00Former Governor of the Central Bank of Iran Valiollah Seif has been sentenced to 10 years in prison for disrupting order and calm in the currency market, paving the way for illegal trade of foreign currency, and mismanagement during his tenure.
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Iran boosting smart infrastructure in fight against money-laundering
May 05, 2021 01:24Iran is calling on experts and firms with an experience in fighting money-laundering schemes to help expand the fight against online activities that can harm the banking and financial services in the country.
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Dollar sinks against Iranian rial on hopes of deal in Vienna
May 03, 2021 00:53The US dollar has hit a new low against the Iranian currency rial mainly on unconfirmed reports suggesting that Iran and major powers would reach a deal in the Austrian capital to revive an international deal on the country’s nuclear program.
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US dollar stumbles from 4-month high against Iranian rial amid Vienna talks
Apr 21, 2021 00:38The US dollar has tumbled against the Iranian rial amid talks in the Austrian capital Vienna to revive an international deal on the country’s nuclear program.
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Iran to continue cash injections to stabilize forex market: Chief banker
Jan 25, 2021 03:08The Central Bank of Iran (CBI) has injected nearly $1 billion into a secondary exchange market in the country as it seeks to stabilize foreign currency prices amid hopes that higher crude sales and better exports could boost the country’s access to hard currency.
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Iran’s intelligence ministry arrests members of illegal forex trading group
Dec 14, 2020 03:00Iran’s intelligence ministry has issued a statement saying it has dismantled a major illegal foreign currency trading group amid efforts in the country to control an exchange market where prices have fluctuated in recent months.
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Euro and Australian dollar gain as US transition goes ahead
Nov 24, 2020 11:27Currencies including the Australian dollar and the euro rose on Tuesday after US President Donald Trump accepted the start of a transition to a Biden regime on Treasury secretary.