Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash

Bank of Russia Eases Restrictions on Purchases of Dollar and Euro CashThe Central Bank of Russia has relaxed some limitations for Russian banks selling U.S. dollars and euros to the public. The increased supply of foreign cash may affect the crypto market in the country as currency restrictions have been a driver of increased demand for digital coins. Monetary Authority of Russia Expands Citizens’ Access to […]

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Central Bank Gold Hoarding Hits 50-Year High

Central Bank Gold Hoarding Hits 50-Year HighWhile dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. In fact, the key drivers in gold demand this year stemmed from central bank purchases, most of […]

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The Fed Plans to Inject $60 Billion per Month Into the Economy

The Fed Plans to Inject $60 Billion per Month Into the EconomyOn October 11, the U.S. Federal Reserve explained that it would inject more easing into the economy by purchasing Treasury bills at an initial $60 billion per month for the next two months. The purchasing rate could decrease or increase, but the central bank expects the easing plan to last until at least Q2 2020. […]

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Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money Discussed

Central Banks in Panic Mode - Extreme Tactics Like Helicopter Money DiscussedCentral banks worldwide continue to inject more stimulus into the economy as they predict the onset of a new financial crisis. In the face of a sluggish economy, monetary easing, negative interest rates, and ‘normalizing’ the balance sheet is the name of the game these days. Now central banks are contemplating even more unconventional methods […]

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At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows

More Than 18 Central Banks Give Way to Monetary Easing As Economy SlowsIn a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession. Also Read: Money and Democracy: Why […]

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