Eygpt has reportedly become the first Middle East North Africa (MENA) region country to issue so-called “panda bonds” after it issued Chinese yuan denominated bonds worth $ 479 million. Issuing panda bonds marks another step in Egypt’s attempts to move away from costly dollar denominated loans. Egypt’s Worsening Debt Affordability Egypt, one of …
The 45th president and previous White House occupant, Donald Trump cautions that America is in danger of losing its global influence. In an interview with Larry Kudlow, Trump stated while the U.S. retains significant power, its position is “waning” concerning its currency. The Diminishing Dollar? Trump Points to a Shift in Global Currency Dynamics Always […]