News about IMF

News about Imf

IMF sees room for eNaira improvement in first year assessment

The world’s second-ever CBDC has yet to reach 1% of Nigeria’s population, according to the IMF assessment. Nigeria’s eNaira central bank digital currency (CBDC) is ov...

Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning

The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success. The Reserve Bank of Zimbabwe has sold 14 billion Zimbabwean dollars’ worth of...

Argentina Heeds IMF's Warnings: Banks Started to End Cryptocurrency Activities!

Argentina showing weak hands submitted by /u/Wesley_Binod [link] [comments]

Argentina has made a deal with the devil. In exchange for IMF funding, they are to "discourage" crypto usage. This makes it their 23rd loan/bailout, because it is obviously work this time /s. And they have just started doing the IMF's bidding

Once again, Argentina finds itself in the throes of a high inflation, weak economy and political upheaval. And once again Argentina finds itself crawling back to, and dancing in the palm of the IMF. If you’re unaware, Argentina has been placing...

IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations

The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. “We are calling on all of the parties...

IMF Says Zimbabwe Gold-Backed Digital Currency a Potential Threat to Financial Stability

submitted by /u/Successful-Walk-3902 [link] [comments]

Nigeria-China Currency Swap: Activist Lawyer Accuses IMF and World Bank of ‘Economic Sabotage’ to Promote US Dollar, Urges Nigeria to Join BRICS

Nigerian human rights activist and lawyer, Femi Falana, has accused the International Monetary Fund (IMF) and the World Bank (WB) of sabotaging the currency swap arrangement between China and Nigeria. Falana said the Nigerian central bank and the two...

IMF Chief Warns of More Weaknesses in US Banking Sector — Sees ‘Gradual’ Shift Away From US Dollar

International Monetary Fund (IMF) Managing Director Kristalina Georgieva expects “more vulnerabilities” in the U.S. banking sector amid a growing de-dollarization trend worldwide. “There has been a gradual shift away from the dollar...

Retail CBDCs bring unknown 'consequences' to financial system: IMF director

International Monetary Fund Managing Director Kristalina Georgieva says that wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”...

Bitcoin, Argentina, the IMF XDR & the Triffen Dilemma

"The Triffin dilemma or Triffin paradox is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies. This dilemma wa...

Argentina just said "fuck you" to the IMF

submitted by /u/bitsteiner [link] [comments]

IMF to bailout Argentina only if the country adopts an anti-crypto stance

submitted by /u/castorfromtheva [link] [comments]

Argentina’s IMF bailout deal includes a wild clause that rips cryptocurrencies

submitted by /u/TheBlockChainVillage [link] [comments]

IMF Says Sub-Saharan Africa Already Feeling Effects of the ‘Big Funding Squeeze’

Countries from the Sub-Saharan Africa (SSA) region face a “big funding squeeze” which is forcing some of them to cut spending on health, education, and infrastructure. According to Abebe Aemro Selassie, people from the region are already...

IMF to publish CBDC handbook in response to increasing demand for guidance

The handbook will be descriptive and informational, while the IMF offers advice tailored to specific, prioritized countries. With interest in central bank digital curr...

IMF Blog: Interest Rates to Fall to Pre-Pandemic Levels Once Inflation Is Tamed

When inflation in advanced economies is tamed, real interest rates are likely to drop to pre-pandemic levels, the latest International Monetary Fund (IMF) blog post has said. According to the authors of the blog post, the transition to a “clean...

IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased

The International Monetary Fund’s (IMF) economic counselor has warned of the side effects of sharp monetary tightening. Noting that “Inflation is much stickier than anticipated,” he stressed that “financial risks have risen.” IMF Ec...

IMF Takes Aim At Crypto Following Industry Wide Turmoil

The International Monetary Fund published its Global Financial Stability report earlier today.& The report highlighted the need to regulate crypto following a rough year for the industry.& The IMF suggested that crypto firms should be subjec...

IMF reiterates call for crypto regulation after the ecosystem's 'rough year'

According to the IMF, regulations should include “strict prudential requirements” for stablecoin issuers following the depegging of USD Coin and Dai. The International...

Peru considering CBDC to improve payment system: Former IMF adviser

The Central Reserve Bank of Peru has released a report on the development of a central bank digital currency and promises more reports as its research continues. The C...

IMF examines CBDC design in context of Islamic banking, finds some risks magnified

A central bank digital currency’s liquidity and foreign exchange would work differently Islamic law from what might be expected. A central bank digital currency can im...

Is the IMF shutting the door prematurely on Bitcoin as legal tender? - Cointelegraph

Is the IMF shutting the door prematurely on Bitcoin as legal tender?& & Cointelegraph

Is the IMF shutting the door prematurely on Bitcoin as legal tender?

Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.” There’s been li...

IMF flags debt restructuring hurdles, says banning crypto should be an option

submitted by /u/zappadoing [link] [comments]

IMF Prioritizes Regulation over Ban on Crypto

The International Monetary Fund (IMF) supports regulating digital money and prioritizes differentiating between central bank digital currencies and crypto assets, such as stablecoins. The IMF's Managing Director, Kristalina Georgieva, clarified that...

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