Trade – Page 2 – Ƀitsell X

Russian Central Bank Eyes Digital Currency to Overcome Cross-Border Payment Obstacles

September 17, 2024

Elvira Nabiullina, head of Russia’s central bank, has highlighted challenges in cross-border settlements, including payment issues and falling trade volumes. She emphasized the importance of finding new solutions, such as using digital currencies and cooperating with global partners, to address these issues. Russia Faces Cross-Border Payment Issues Amid Declining Trade Russian Central Bank Governor Elvira…
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China and South Africa Boost BRICS Ties: Key Outcomes from Xi’s Meeting With Ramaphosa

September 4, 2024

China and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the importance of expanding BRICS and enhancing economic coordination to support sustainable development. China and South Africa Reaffirm Commitment to Strengthening…
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Payments in National Currencies Surge to 92% Among SCO Members

September 1, 2024

Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen…
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Indonesia and South Korea Sign New Local Currency Agreement to Boost Trade

September 1, 2024

Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won. This initiative aims to reduce exchange rate risk and improve transaction efficiency by facilitating direct currency transactions between the two nations, bypassing the need for…
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China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives

August 15, 2024

Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China…
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BRICS Meeting Highlights Shift to Local Currencies

June 12, 2024

BRICS Ministers of Foreign Affairs have emphasized using local currencies in trade, reaffirming economic resilience and financial sovereignty. At their meeting on Monday, the Ministers underscored the importance of the enhanced use of local currencies in financial transactions between the BRICS countries. BRICS Ministers Push for Use of Local Currencies The BRICS Ministers of Foreign…
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Learn How To Trade Bitcoin

December 17, 2023

As a Bitcoin trader, the risks but also rewards are quite high, making it a captivating endeavor for those willing to delve into the world of digital currency trading. Bitcoin’s unique combination of volatility and potential for significant returns has captured the attention of traders globally. In this comprehensive guide, we will explore how to trade…
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How To Trade Crypto

December 16, 2023

How to trade crypto – a question that resonates with many in the rapidly evolving digital asset space. Whether you’re a novice eager to learn how to crypto trade or an experienced crypto trader looking to refine your strategies, this guide is your comprehensive resource. From understanding the best time to trade crypto to exploring…
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Xi Jinping Vows No Hegemony in China’s Approach to US, Aiming for Stable Ties

November 17, 2023

On Wednesday, Chinese President Xi Jinping delivered a speech emphasizing China’s aspiration for harmonious ties with the United States. The Chinese head of state conveyed his vision of an enhanced “friendship in the new era” between the two influential countries. He firmly declared that “China will never pursue hegemony or expansion.” Despite Reported Tensions, China’s…
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Cross margin and isolated margin in crypto trading, explained

September 20, 2023

Cross margin uses whole balance, and isolated margin allocates specific collateral for each trade, encouraging diversification. Cross margin vs. isolated margin: Key differences In contrast to isolated margin, which offers greater control and diversification but necessitates more active management, cross-margin trading simplifies risk management while increasing overall risk. Cross-margin trading offers streamlined risk management but…
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Category: Trade