April 2: Liberation Day and Coinage Act Celebration

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Date: March 29, 2025

April 2 weaves together two remarkable threads of American history, uniting past innovation with modern commemoration. On April 2, 1792, the United States Congress enacted the Coinage Act, a pivotal law that solidified the nation's early monetary system. Signed under President George Washington, this act established the dollar as the official currency and launched a bimetallic system, linking its value to gold and silver. Overseen by the newly founded United States Mint, it standardized coins by their precious metal content, fostering trust and stability in a young economy. Fast forward to 2025, and President Donald Trump declared April 2 "Liberation Day," a bold celebration of economic renewal through aggressive trade policies - an apt, if coincidental, nod to the day's historic financial roots.
While the Coinage Act of 1792 didn't usher in the full gold standard - later cemented in the 19th century - it laid critical groundwork with its practical yet forward-thinking design. It equipped the fledgling republic with a unified currency vital for commerce and growth, signaling a break from colonial reliance.
Today, April 2, 1792, endures as a cornerstone of American monetary history, its bimetallic foundation shaping the nation's economic trajectory. Trump's "Liberation Day" proclamation in 2025 adds a contemporary flourish, merging the legacy of financial independence with a modern vision of liberation, making April 2 a day of dual resonance.

Central banks chiefs out

With Angela Merkel on her way out as Chancellor, her former chief economic advisor, Jens Weidmann, announced plans to step down at the end of the year as head of Germany's Bundesbank after a decade at the helm of the national central bank.
Dallas Fed President Kaplan and Boston Fed President Eric Rosengren To Retire After Ethics Issue.
Former Iranian Central Bank Chief Handed 10-Year Prison Sentence.
Slovakia's central bank chief and European Central Bank governing council member Peter Kazimir has been charged with corruption.
Philippine central bank Governor Benjamin Diokno said he is with "team transitory" and that it is more prudent for the country to delay monetary tightening.
The Turkish lira hit a record low overnight after President Recep Tayyip Erdogan ordered a new round of dismissals at the country's central bank.
So, central bank are starting to worry. They were wrong about inflation because they were wrong about supply chains, and they were perhaps wrong about labor markets, which they had just taken years to learn had no serious bargaining power.
To be continued... Stay Tuned!.
Sources: www.cnbc.com ,gesara.news

The July 4th full buck moon and penumbral eclipse

Independence Day 2020 will end with a full moon and lunar eclipse.
The Full Moon of July traditionally is known as the Full Buck Moon because it coincides with the time of year when male white-tailed deer are in full-on antler growth.
Everything to know about the July 4th buck moon and penumbral eclipse.
Source:lehighvalleylive.com

The Petro-yuan announcement

China's Xi calls for oil trade in yuan at Gulf summit in Riyadh.
President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency internationally and weaken the U.S. dollar's grip on world trade.
China to use Shanghai exchange for yuan energy deals with Gulf nations.
China's President Xi Jinping said in Riyadh on Friday that China and Gulf nations should make full use of the Shanghai Petroleum and National Gas Exchange as a platform to carry out yuan settlement of oil and gas trade.
Sources: reuters

China testing digital yuan in four cities

The app is available for download in four cities selected for the initial trial: Shenzhen, Chengdu, Suzhou and Xiongan. She highlights the inclusion of Xiongan, a new metropolis located on the outskirts of Beijing
Source:coindesk.com

Malaysia is exploring the adoption of the gold dinar

Malaysia is actively exploring the adoption of the gold dinar as a reserve currency, with Prime Minister Datuk Seri Anwar Ibrahim announcing this initiative in the Dewan Rakyat, the lower house of parliament.
An upcoming meeting on Islamic economics and finance in December will serve as a key platform for discussing and evaluating the feasibility and benefits of introducing a gold-backed currency.
This endeavor reflects Malaysia's commitment to sound economic management and its respect for Islamic financial traditions, with potential implications for both domestic and international financial systems.