currency exchange

  • Restricting Currency Exchange: Russia’s Economic Self-Sufficiency Policy

    On March 14, it was reported that the channel for Russian users to buy and sell dollars and euros through its P2P service was closed. In addition, the exchange prohibits EU citizens from trading rubles through P2P. Coin closes the channel for Russian users to buy and sell dollars and euros through P2P services Analysis based on this information:The recent news of Russia closing its channel for users to buy and sell dollars and euros through its P2P service, and prohibiting EU citizens from trading rubles through P2P, has raised concerns about the country’s economic self-sufficiency policy. This move may be seen as an attempt by the government to reduce the influence of foreign currencies on the Russian economy and gain greater control over it. Russia has been facing economic sanctions imposed by the US and EU since 2014, after it annexed Crimea from Ukraine. Since then, the country has been pushing for greater economic self-sufficiency to reduce its dependence…

    03/14/2023
    113
  • India and Argentina to Cooperate on Currency Exchange and Digital Payment Software

    According to reports, the Indian Ministry of Finance said that the Indian Finance Minister met with the Argentine Minister of Economy at the G20 meeting. The A…

    02/23/2023
    104