Currency – DIGIT INFO

Bank of Israel Buys $801 Million in Rare Market Intervention to Halt the Shekel’s Surge

DIGIT — Mon, 08 Jun 2026 04:30:47 +0000

The Bank of Israel purchased $801 million in May to stop the shekel from rising as the currency reached one of its strongest exchange rates against the U.S. dollar. Even so, the currency terminated May with its value rising by 4.6%. Israel’s Shekel Hits New Highs Even As Bank Of Israel Intervenes in FX Markets […]

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PBOC Governor: China Continues to Pursue Yuan Internationalization for Cross Border Payments

DIGIT — Sat, 07 Mar 2026 23:30:56 +0000

The People’s Bank of China is pushing to make the renminbi, popularly known as the yuan, an efficient international currency for international settlements. Pan Gongsheng, Governor of the People’s Bank of China, reinforced that the institution is still promoting financial cooperation with the Global South. PBOC Governor: Yuan Internationalization Still an Objective for China China […]

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China’s XI Reveals Plans for Yuan to Become ‘Powerful’ and Attain Reserve Currency Status

DIGIT — Mon, 02 Feb 2026 08:30:52 +0000

China’s President Xi Jinping advocates for a strong currency that will allow the country to challenge the dollar’s dominance in international trade and rival its position as a global reserve currency. Xi’s remarks come as the Trump administration shows no concern about a weak dollar. President Xi Wants to Establish a Strong Yuan China seems ready to […]

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Japanese Yen Jumps to 2-Month High as Intervention Talk Rattles Currency Markets

DIGIT — Mon, 26 Jan 2026 21:10:50 +0000

On Monday, activity across much of Wall Street and U.S. equity markets remained subdued, while precious metals like silver and gold pressed higher. At the same time, the Japanese yen firmed sharply against the U.S. dollar, as markets responded to rising expectations of coordinated currency intervention by Japanese and U.S. authorities. Currency Watch: Why the […]

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China Fixes Strong Yuan, Bets on Continued Weak‑Dollar Policies

DIGIT — Mon, 26 Jan 2026 09:30:55 +0000

China has fixed the yuan at its strongest level since 2023, betting on continued U.S. policy that keeps the dollar weak. According to Xinhua, the currency has stayed below the 7 yuan‑per‑dollar mark, strengthening to 6.9843 yuan per dollar on Monday. People’s Bank of China Sets Yuan Stronger as Dollar Weakens China has signaled it is ready […]

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A Hit to Digitalization: Cash Is Still Very Much Alive and Relevant for EU Citizens

DIGIT — Tue, 05 Aug 2025 21:20:13 +0000

A recent report prepared by ECB officials found that cash has maintained its relevance even in the EU, with predictions of a cashless society failing to materialize. While cash usage has been slowing down in the payments arena, its adoption has grown in other ways. Study Finds Cash Is Still Somewhat King for EU Citizens […]

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Latam Insights Encore: A BRICS Currency Is Coming, Sooner or Later

DIGIT — Mon, 07 Jul 2025 22:45:58 +0000

Even with the opposition of the Trump Administration, the issuance of a BRICS currency, even if it is used only for trade purposes, seems unavoidable as the bloc continues to grow to become a world power rivaling the Group of Seven (G7). Latam Insights Encore: A BRICS Currency Is Unavoidable While the dollar loses value […]

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Brazil’s Ambassador to India Addresses BRICS Currency Speculation

DIGIT — Mon, 07 Jul 2025 02:30:38 +0000

BRICS is accelerating plans to ditch the dollar in favor of national currencies, as Brazil’s Ambassador to India clarifies direction on a unified currency and signals sweeping financial shifts. Senior Brazilian Diplomat Addresses BRICS Currency Outlook Ahead of 2025 Summit Growing momentum among emerging economies to reduce reliance on the U.S. dollar has led to […]

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Brazilian President Lula Proposes BRICS Develop New Trade Currency

DIGIT — Sun, 06 Jul 2025 10:02:38 +0000

Lula proposed this new BRICS currency in the context of a world that must embrace free trade and multilateralism. The Brazilian leader acknowledged that the proposal presents several challenges but emphasized that it is necessary for the benefit of humanity. Lula: Development of New BRICS Trade Currency Is Extremely Important The emergence of a BRICS […]

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Africa Unites in Currency Revolution: PAPSS Launches Dollar-Free Trade Platform

DIGIT — Sun, 29 Jun 2025 21:34:32 +0000

The Pan-African Payment and Settlement System has officially launched a currency marketplace aimed at reducing reliance on the U.S. dollar for intra-African trade. No Hard Currency Involved The Pan-African Payment and Settlement System (PAPSS) has launched the African Currency Marketplace, a major step toward reducing reliance on the U.S. dollar for intra-African trade settlements. This […]

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