Foreign exchange regulation is a form of financial regulation specifically aimed at the Forex market which is decentralized and operates with no central exchange or clearing house. Due to its decentralised and global nature foreign exchange market has been more prone to foreign exchange fraud and has been less regulated than other financial markets. However[…]
The forex scandal (also known as the forex probe) is a financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates for their own financial gain. Market regulators in Asia, Switzerland, the United Kingdom, and the United States began to investigate the $5.3 trillion-a-day[…]
How can the Russian ruble become a strong world currency?… That’s an easy one – Russia needs to have a strong economy, whereas currently Russia’s economy is shrinking. In the short term, stronger Russian economy requires Higher commodity prices (oil, metails, and wheat). Decent trade relations with Russia’s closest trade partners – the EU and[…]
It’s actually a little more nefarious than “the US had the biggest economy“. The US literally conquered, militarily and diplomatically, almost the whole planet during World War II, leaving only the Soviet sphere in Eastern Europe out of the dollar zone. Since that time, the international rules — the institutions — for trade, diplomacy, and[…]
