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Qatar boosted gold reserves to record levels

Date: August 25, 2022 Category: News

Qatar boosts gold reserves to record levels after buying 14.8 tonnes in July.
The Qatar Central Bank is the latest bank to announce an increase in its holding of precious metals.
Reserve dat...

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Mutual payment systems recognition for Russia and India

Date: August 24, 2022 Category: News

Indian banks may start accepting Mir payment cards.
Russia and India are planning to recognize each other's payment systems.
The issue of mutual recognition of RuPay and Mir was discussed du...

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Student debt relief announcement

Date: August 24, 2022 Category: News

The Biden administration is canceling up to $20,000 in student debt for Pell Grant recipients, up to $10,000 for individual borrowers who make under $125,000 per year, and extending the pause on repay...

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China will forgive 23 loans for 17 African nations

Date: August 22, 2022 Category: News

China has pledged to forgive 23 interest-free loans for 17 African countries and will also provide food assistance to the struggling nations, China's foreign minister Wang Yi said at the Forum on Chin...

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The Golden Jubilee and the return to gold standard

Date: August 17, 2022 Category: News

On 15 August 1971, US President Richard Nixon officially announced that the country was completely abandoning the gold standard.
This meant that the US government abandoned the convertibility of ...

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