I Have 50 Dollars http://ihave50dollars.com/ Thu, 19 May 2022 15:45:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://ihave50dollars.com/wp-content/uploads/2021/10/cropped-icon-32x32.png I Have 50 Dollars http://ihave50dollars.com/ 32 32 Sri Lanka limits currency holdings amid crisis http://ihave50dollars.com/sri-lanka-limits-currency-holdings-amid-crisis/ Thu, 19 May 2022 15:45:00 +0000 http://ihave50dollars.com/sri-lanka-limits-currency-holdings-amid-crisis/

Sri Lanka’s central bank said it would reduce the maximum amount of foreign currency individuals can own from $15,000 to $10,000 and penalize anyone who holds it for more than three months

COLOMBO, Sri Lanka — Sri Lanka will reduce the maximum amount of foreign currency individuals can own from $15,000 to $10,000 and penalize anyone who holds it for more than three months, the central bank said Thursday, as police fired tear gas and water cannons at thousands of students demanding that the government resign for failing to resolve the country’s economic crisis.

Students from the Inter-University Federation of Students attempted to march towards the presidential residence but were blocked by police in the commercial center of the capital, Colombo.

Central Bank Governor Nandalal Weerasinghe said people should place their excess foreign currency in a bank or convert it to local currency within two weeks. After that time, Central Bank officials and police will raid and anyone breaking the new rules will be fined, he said.

For months, Sri Lankans have endured long queues to buy these necessities, most of which come from abroad. Hard currency shortages have also hampered imports of raw materials for manufacturing and aggravated inflation.

Protesters blocked major roads to demand petrol and fuel, and TV stations showed residents in some areas fighting over limited supplies.

Weerasinghe said black market bounties led people to hoard foreign currency.

The Indian Ocean island nation is on the verge of bankruptcy and has suspended payments on its foreign loans. Its economic difficulties caused a political crisis, with the government facing widespread protests.

Sri Lanka has suspended repayment of about $7 billion in foreign loans due this year out of the $25 billion to be repaid by 2026. The country’s total external debt is $51 billion. The Ministry of Finance says the country currently has only $25 million in usable foreign exchange reserves.

Sri Lanka is now almost without gasoline and also faces a severe shortage of other fuels. Authorities have announced nationwide power cuts of up to four hours a day because they cannot supply enough fuel to power plants.

The government has asked state employees not to go to work on Friday, except those needed to maintain essential services, due to fuel shortages.

Protesters have occupied the entrance to the president’s office for more than a month, calling for the resignation of President Gotabaya Rajapaksa. Months of anti-government rallies have led to the near dismantling of the once-powerful ruling family, with one of the president’s brothers stepping down as prime minister, and other siblings and a nephew quitting their cabinet posts.

Protesters accuse the Rajapaksas of triggering the crisis through corruption and mismanagement.

New Prime Minister Ranil Wickremesinghe said on Monday some $75 billion was urgently needed to help deliver essential items, but the country’s treasury is struggling to come up with even $1 billion.

Attacks by Rajapaksa supporters on protesters last week sparked nationwide violence that left nine dead, including a lawmaker, and more than 200 injured. The homes of lawmakers and their supporters were burned down.

The protesters hold Rajapaksa and his family – who have dominated almost every aspect of life in Sri Lanka for most of the past 20 years – responsible for the crisis.

The Development of E-HKD in Hong Kong – The Future Way of Currency? http://ihave50dollars.com/the-development-of-e-hkd-in-hong-kong-the-future-way-of-currency/ Wed, 18 May 2022 03:49:34 +0000 http://ihave50dollars.com/the-development-of-e-hkd-in-hong-kong-the-future-way-of-currency/

A study shows that 90% of interrogates central banks around the world are exploring the future issuance of central bank digital currencies (CBDCs). Blockchain.News interviewed industry experts to find out the prospects for Hong Kong’s digital currency and its potential adoption.

The outlook for e-HKD

In a recent discussion paper published by the Hong Kong Monetary Authority (HKMA), the local regulator has reached out to the public for consultation on the development of retail central bank digital currency (rCBDC) or digital Hong Kong dollar (e-HKD) . The discussion paper lists a wide range of issues with a dozen key questions covering a wide range of issues:

  • The benefits and potential challenges of e-HKD
  • The balance between privacy and the prevention of illicit activities
  • Interoperability with existing payment system
  • Considerations in terms of legal, design and political perspectives
  • The level of private sector participation

The role of e-HKD

rCBDCs can be divided into two-tier distribution models: the wholesale interbank system and the retail user wallet system, according to the e-HKD technical model. white paper.

“Wholesale CDBC is used for transfers between the central bank and commercial banks or other institutions, while retail CDBC is used for transfers between commercial banks and the general public for retail transactions”, said Professor Chew Seen-Meng, Associate Professor of Practice in Finance and Associate Dean (External Engagement) of the Chinese University of Hong Kong (CUHK) explained.

When it comes to retail CBDCs, a doubt that might arise among the public might be why the market still needs another digital payment tool among other various options in HK?

Chew, the former economist of the Singapore office of the International Monetary Fund (IMF) and Morgan Stanley, acknowledged that “it is true that there is no urgent need for a digital HKD”.

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However, “having an e-HKD could make our lives even more convenient by eliminating the need to carry physical notes and coins and allow virtually all payments to be made at the touch of a mobile phone” in the long run, Chew said.

Moreover, “HKMA’s monetary policy transmission mechanism can become more efficient through e-HKD,” Chew added.

Furthermore, the researcher believes that digital currency could provide a faster and more convenient way to transfer value by potentially supporting more economic activity if digital currency is accepted as a medium of exchange by the public over the long term.

“Since the value of e-HKD will be controlled by HKMA, it is already a kind of stablecoin. As long as HKMA is able to keep the value of e-HKD stable through algorithms or its foreign exchange reserves, the risk of a fall in the value of e-HKD should be quite low.

Currently, a plethora of payment platforms have already conquered the market.

Electronic wallets with Peer-to-Peer (P2P) payment functions are becoming widespread in Hong Kong.

In e-commerce alone, digital wallets are expected to account for 40% of the city’s online transaction value by 2025, surpassing credit cards, according to the 2022 Global Payments Report from US financial technology firm FIS. .

In an exclusive interview with Blockchain.News, Etelka Bogardi, Partner of Asia Lead of Global Payments and Fintech Practice, Norton Rose Fulbright Hong Kong, told the outlet that “one of the main design considerations should be interoperability with existing systems”.

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Bogardi, a Hong Kong-based financial services regulatory lawyer and former Hong Kong Monetary Authority’s lead lawyer suggests regulator should be wary of e-HKD’s impacts on banks and any potential disintermediation effects, given Hong Kong’s status as a financial center international market and the strong presence of the financial sector.

Meanwhile, Chew also shared a similar view and added that “with so many payment options in Hong Kong, interoperability between e-HKD and all existing payment systems must be fully ensured and secure before the launch of e-HKD.”

“Unless e-HKD can solve some of the problems of current e-payment services or be much more convenient than existing e-payment options, it would be difficult for e-HKD to be adopted by the public among the plethora of payments retail options in Hong Kong,” Bogardi added.

Through the document, the HKMA recalls that “the aim of developing e-HKD is not to replace existing payment methods” but “to avoid creating a closed-loop payment system, which hinders payments made between e-HKD users and users of other means of payment”. systems”.

The rCBDC should provide connectivity between other payment service providers, for example, cross-platform payments should be made efficiently.

Token-based or account-based?

The balance between privacy and access to data is another critical consideration among the systematic questions. The working paper mentions that the main design feature of e-HKD to consider is whether it is issued on token basis or on account.

According to the document, the token base would enable more anonymity in payments between different parties, protecting against abuse of individual data by commercial entities. Still, it could be risky to facilitate illicit activities.

On the other hand, the account-based approach “would require the recording of balances and transactions of rCBDC holders. This approach would rely on the ability to verify the identity of the account holder and could help comply with AML/CFT requirements.

Both approaches require a ledger to perform the transactions with Distributed Ledger Technology (DLT) and tokenization, which could be structured to trace users based on the parties’ degree of anonymity and access to information.

However, Professor Chew said the regulator’s traceability of digital currency indicates that small retailers such as taxi drivers may be reluctant or uninterested in changing their behaviors or trading habits due to taxation concerns.

The regulator said “complete anonymity is implausible”, e-HKD should comply with existing laws and ordinances. Its legal term and legal tender would logically align with the monetary system.

“Overall, while there is work to be done to integrate an e-HKD into the existing legislative framework for currency issuance and related matters, these are not insurmountable hurdles. “The most technical legal issues raised relate to the application of effective AML controls and data privacy laws. In that sense, the discussion around a two-tier issuance and distribution structure is very beneficial,” said Bogardi explained.

Global Adoption of CDBCs

Over the past two years, the global market has been trapped by uncertainties related to the COVID-19 pandemic.

Amid the turmoil, growing demand for improved efficiency in cross-border payments and the emergence of cryptocurrencies, such as stablecoins and other tokens, have also given rise to regulatory challenges, pushing global governments to update their monetary policy in response.

According to the last report published by the Bank for International Settlements (BIS), 90% of interrogates central banks around the world are considering issuing central bank digital currencies. The financial institution added that about two-thirds of central banks surveyed would consider issuing retail CBDCs in the near future.

In 2020, the Bahamas became the first sovereign nation to issue a CBDC, called a “sand dollar”, as a pioneer in adopting a new form of currency, driven by its geography and the cost of delivering currency to its territory.

“In countries with a weak currency or an underdeveloped financial system, and a large unbanked population, the CBDC is more useful and can be more easily adopted by its citizens,” Chew explained.

Yet the potential benefits of the SAND dollar have not lived up to its expectations.

An IMF report says the island nation’s adoption of the SAND dollar is just under 0.1% of the currency in circulation.

The issue of financial inclusion is a constant concern for this Caribbean nation. The World Bank defines financial inclusion as the access of individuals and businesses to valuable and affordable financial products and services for their finances which must be provided in a responsible and sustainable manner. The Bahamas is also desperate to improve its cybersecurity for its digital currency.

Bogardi believes that the Hong Kong market benefits from a unique position with a well-developed retail payment landscape:

“Financial inclusion issues may not be as relevant as other jurisdictions that have chosen to move forward with CBDCs (e.g. Bahamian dollar). Accordingly, it is correct that the HKMA’s exploration of e-HKD focuses on a means of fueling digital innovation in Hong Kong and helping it position itself against the potential challenges of new forms of means of payment such as stablecoins.

At the regional level, China has been conducting a wide range of digital yuan (e-CNY) pilot tests since 2020, developed by the People’s Bank of China (PBoC).

The administration deployed a huge pilot test during its Beijing Winter Olympics, and currently, the e-CNY app is one of the most downloaded apps in the country. The app has had over 83 million downloads through iOS and Android systems so far.

“In China, electronic payments have been dominated by Alipay and WeChat Pay for several years now. The central government is keen to introduce e-CNY to keep control of the monetary system before private companies like Alibaba and Tencent become too influential in the country’s payment system. As it is a big country, it needs to do many pilot tests in many cities so that citizens can familiarize themselves with e-CNY before its official launch, and of course this will take some time,” Chew said.

On the other hand, experts suggest geopolitics factors, such as war, could also accelerate the progress of CBDC issuance.

While the goal of introducing the CBDC among other countries or regions might be different, the HKMA revealed that it “is inclined towards the coin approach under which e-HKD would only be issued by a single authority” in the long term.

Adding this, we are looking for Banking Officers to handle all customer-facing activities related to the distribution of e-HKD.

“If the technology is ready, the HKMA may consider conducting multi-stage pilot tests for Hong Kongers to try e-HKD on their mobile phones so that they can familiarize themselves with it and learn more about its utility,” Chew said.

The HKMA reiterated that it has not yet decided to introduce e-HKD.

Image source: Shutterstock ]]> Size, cost structures, growth rate – SMU Daily Mustang http://ihave50dollars.com/size-cost-structures-growth-rate-smu-daily-mustang/ Sat, 14 May 2022 09:37:37 +0000 http://ihave50dollars.com/size-cost-structures-growth-rate-smu-daily-mustang/

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OFAC Imposes First-Ever Sanctions Against Virtual Currency Mixer – Export Controls and Trade and Investment Sanctions http://ihave50dollars.com/ofac-imposes-first-ever-sanctions-against-virtual-currency-mixer-export-controls-and-trade-and-investment-sanctions/ Fri, 13 May 2022 17:46:16 +0000 http://ihave50dollars.com/ofac-imposes-first-ever-sanctions-against-virtual-currency-mixer-export-controls-and-trade-and-investment-sanctions/ To print this article, all you need to do is be registered or log in to Mondaq.com.

On May 6, 2022, the United States Department of Treasury’s Office of Foreign Assets Control (“OFAC”) designated crypto mixer Blender.io as a Specially Designated National (“SDN”), marking the first time a virtual currency mixer has been sanctioned. . This decision is the latest in a series of designations of sanctions and enforcement actions in the virtual currency industry based on a determination of involvement in malicious cyberattacks and laundering of virtual currency proceeds. stolen during illicit ransomware attacks.

The May 6 designation follows several sanction actions in the past few weeks alone in the virtual currency industry, including:

  • April 20, 2022, designation of Russian crypto-mining firm BitRiver and 10 of its subsidiaries for facilitating sanctions evasion by Russia and Russian entities

  • On April 14 and 22, 2022, designations of several Ethereum addresses as being affiliated with the North Korean group Lazarus and involved in the hack of the $625 million Ronin Bridge

  • On April 5, 2022, designations of the world’s largest darknet market, Hydra Market; Garantex virtual currency exchange; and over 100 virtual currency addresses based on their role in transferring ransomware proceeds and other actions deemed a threat to U.S. national security and foreign policy interests

These actions build on last year’s designations of the first sanctioned virtual currency exchanges – Suex (September 2021) and Chatex (November 2021) – based on their role in facilitating transactions involving the proceeds of ransomware attacks. .

Virtual currency mixers such as Blender.io receive a variety of transactions and mix them before passing them on to their final destinations. Although proponents of mixers tout their usefulness in increasing privacy in virtual currency transactions, law enforcement officials have highlighted concerns over the exploitation of mixers to help circumvent sanctions and launder the product of malicious cyberattacks and other criminal activities by obscuring the original source of the virtual. currency.

In announcing the designation of Blender.io, the Treasury Department said that Blender.io helped North Korean state-sponsored cyber-hacking organization Lazarus Group, itself an SDN, process 20.5 million dollars from the proceeds of the biggest virtual currency theft to date, the Axie Infinity’s Ronin bridge online game hack. OFAC’s investigation into Blender.io also found it facilitated transactions for Russia-linked malicious ransomware groups, such as Trickbot, Conti, Ryuk, Sodinokibi, and Gandcrab. The designation means that all proprietary interests of Blender.io in the United States or in the possession or control of U.S. Persons are blocked and that no U.S. Person may engage in any dealings or dealings directly or indirectly involving Blender.io.

In taking the actions outlined above, OFAC officials acknowledged that the majority of virtual currency transactions are legitimate, while noting the increased use of sanctions against platforms and tools that facilitate the circumvention of sanctions or transactions involving the proceeds of malicious cyberattacks and other criminal conduct. We expect a continued increase in the use of sanctions designations against these actors, as well as an increase in enforcement actions against companies that engage in transactions directly or indirectly involving these sanctioned entities. Additionally, these efforts are part of a coordinated multi-agency policy and enforcement initiative that includes OFAC, FinCEN, the Department of Justice and other agencies, in coordination with their international counterparts. 1 Businesses involved in virtual currency transactions should continue to monitor industry-related regulatory developments at national and international levels and ensure that they have appropriate risk-based measures in place to identify and detect transactions. and parties that could result in potential penalties and money laundering risks.2


1. See, for example, our previous Alert, OFAC issues updated ransomware advisory emphasizing reporting and cooperation with US law enforcement (here).

2. Office of Foreign Assets Control, Sanctions Compliance Tips for the Virtual Currency Industry (October 15, 2021)(here).

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InventHelp Inventor develops disinfection device for paper money (LUW-201) | News http://ihave50dollars.com/inventhelp-inventor-develops-disinfection-device-for-paper-money-luw-201-news/ Tue, 10 May 2022 16:15:00 +0000 http://ihave50dollars.com/inventhelp-inventor-develops-disinfection-device-for-paper-money-luw-201-news/

PITTSBURGH, May 10, 2022 /PRNewswire/ — “My uncle owns a gas station and a lot of paper money changes hands. I thought there should be a way to sanitize money to prevent the spread of germs,” ​​said an inventor, Louisville, Ky.“So I invented the CASH DISINFECTANT. My design eliminates the need to handle paper bills that have been exposed to dirty fingers, sneezes and coughs from others.”

The patent-pending invention provides an effective way to sanitize paper money. By doing so, it helps kill germs, viruses and bacteria. As a result, it improves safety and hygiene. The invention features an easy-to-use automatic design ideal for banks and commercial establishments that use paper money.

The original design was submitted to the Louisville InventHelp sales office. It is currently available for licensing or sale to manufacturers or distributors. For more information, write Dept. 20-LUW-201, InventHelp, 217 Ninth Street, Pittsburgh, Pennsylvania 15222, or dial (412) 288-1300 ext. 1368. Learn more about InventHelp’s invention submission services at http://www.InventHelp.com.

View original content for multimedia download: https://www.prnewswire.com/news-releases/inventhelp-inventor-develops-disinfecting-device-for-paper-currency-luw-201-301542299.html

SOURCE InventHelp

Venezuela Bets on De-Dollarization After Enforcement of Currency and Crypto Tax CryptoBlog http://ihave50dollars.com/venezuela-bets-on-de-dollarization-after-enforcement-of-currency-and-crypto-tax-cryptoblog/ Mon, 09 May 2022 12:02:59 +0000 http://ihave50dollars.com/venezuela-bets-on-de-dollarization-after-enforcement-of-currency-and-crypto-tax-cryptoblog/

The Venezuelan government is now focusing its action on trying to establish the bolivar as the reference currency for purchases in the country. According to several economists, this could be a risky bet in a country which has just emerged from hyperinflation and which still suffers from high levels of inflation. However, the introduction of a 3% tax targeting currency and crypto spending has some effects in this regard.

Venezuela seeks to strengthen its fiat currency

After experiencing de facto dollarization, which the country’s president called an “exit valve” from the economic crisis that Venezuela faced five years ago, the country is now looking to establish its fiat currency, the bolivar. , as an attractive choice for payments. A new tax called IGTF, which aims to tax transactions and payments made in dollars, foreign currencies and crypto at 3% in certain cases, seems intended to help achieve this goal.

However, now may not be the time to make such adjustments, now that Venezuela has just emerged from a period of hyperinflation which has also been combined with the devaluation of its fiat currency, which has had to be renamed twice. Asdrubal Oliveros, a national economist who runs Ecoanalitica, a consulting firm, said:

It’s a risky bet, at the wrong time, because the recovery is very weak and the economy is still suffering from chronic inflation, not hyperinflation, but chronic inflation. It is very high to restore confidence in the currency overnight.

Dedollarization in progress

However, the measure seems to have a real effect on the spending habits of Venezuelans. According to figures presented by the Banking Superintendency, the use of national fiat currency increased after the tax was introduced and started to be applied. The figures show that digital transactions in local currency increased by 21% and debit payments by 22%.

The use of the bolivar has steadily increased since 2021, when 70% of purchases were made in dollars or Colombian pesos. Ecoanalitica surveys now show that the bolivar and other payment methods outweigh the dollar, which is now only used in 44.7% of commercial transactions in the country. This is partly due to the intervention of the country’s central bank to stabilize the fiat currency, whose volatility has stabilized against the dollar this year.

What do you think of the dedollarization process that Venezuela is going through? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game, entering the cryptosphere when the price surge happened in December 2017. Having a background in computer engineering, living in Venezuela and impacted by the cryptocurrency boom at social, it offers a different point of view. on the success of crypto and how it helps the unbanked and underserved.

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Warning: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Commercial bank deposits rise 2.4% to QR 967.7 billion in March http://ihave50dollars.com/commercial-bank-deposits-rise-2-4-to-qr-967-7-billion-in-march/ Sun, 08 May 2022 05:07:00 +0000 http://ihave50dollars.com/commercial-bank-deposits-rise-2-4-to-qr-967-7-billion-in-march/

Doha: Qatar’s banking sector continued to record robust growth in March as the country’s commercial banks recorded an increase in deposits and credit facilities, according to the latest data released by the Planning and Statistics Authority (PSA).

According to the report, cash equivalents including commercial bank deposits in Qatar stood at QR 967.7 billion in March, an increase of 0.3% from QR 964.5 billion in March. previous month (February 2022). On a year-on-year (YoY) basis, total commercial bank deposits increased by 2.4% from QR 945.2 billion in the same period last year (March 2021).

Similarly, the total broad money supply (M2) recorded around QR 632.9 billion in March 2022, an annual increase of 3.3% compared to March 2021. One of the main variables in this question is the increase in the value of the shares traded at a monthly rate. of 72.8%, faced with an increase in the general market index (point) at a monthly rate of 4.5% compared to the previous month (February 2022).

In addition, commercial bank credit facilities in Qatar increased by 0.4% compared to February 2022 and registered an annual increase rate of 3.5% compared to March 2021.

Review of Surrey Bancorp (OTCMKTS:SRYB) and Columbia Banking System (NASDAQ:COLB) http://ihave50dollars.com/review-of-surrey-bancorp-otcmktssryb-and-columbia-banking-system-nasdaqcolb/ Sun, 08 May 2022 04:19:49 +0000 http://ihave50dollars.com/review-of-surrey-bancorp-otcmktssryb-and-columbia-banking-system-nasdaqcolb/

Surrey Bancorp (OTCMKTS:SRYB – Get Rating) and Columbia Banking System (NASDAQ:COLB – Get Rating) are both finance companies, but which company is the best performer? We’ll compare the two companies based on the strength of their profitability, valuation, institutional ownership, dividends, analyst recommendations, risk and earnings.


Surrey Bancorp pays an annual dividend of $0.42 per share and has a dividend yield of 2.8%. Columbia Banking System pays an annual dividend of $1.20 per share. Surrey Bancorp pays 38.2% of its profits as a dividend. Columbia Banking System pays 42.9% of its profits as a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings over the next few years. Surrey Bancorp is clearly the best dividend-paying stock, given its higher yield and lower payout ratio.


This table compares the net margins, return on equity and return on assets of Surrey Bancorp and Columbia Banking System.

Net margins Return on equity return on assets
Surrey Bancorp 30.75% N / A N / A
Colombian banking system 31.91% 9.30% 1.14%

Institutional and Insider Ownership

3.7% of Surrey Bancorp shares are held by institutional investors. By comparison, 94.4% of Columbia Banking System’s stock is held by institutional investors. 33.7% of Surrey Bancorp shares are held by insiders. By comparison, 0.6% of Columbia Banking System’s stock is held by insiders. Strong institutional ownership indicates that large fund managers, hedge funds, and endowments believe a stock will outperform the market over the long term.

Valuation and benefits

This table compares the revenue, earnings per share (EPS), and valuation of Surrey Bancorp and Columbia Banking System.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Surrey Bancorp $16.20 million 3.79 $5.10 million $1.10 13.64
Colombian banking system $630.16 million 0.00 $202.82 million $2.80 N / A

Columbia Banking System has higher revenue and profit than Surrey Bancorp. Columbia Banking System trades at a lower price-to-earnings ratio than Surrey Bancorp, indicating that it is currently the more affordable of the two stocks.

Risk and Volatility

Surrey Bancorp has a beta of 0.56, suggesting its stock price is 44% less volatile than the S&P 500. In comparison, Columbia Banking System has a beta of 0.68, suggesting its stock price stock is 32% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of the current ratings and target prices for Surrey Bancorp and Columbia Banking System, as provided by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Surrey Bancorp 0 0 0 0 N / A
Colombian banking system 0 3 2 0 2.40

Columbia Banking System has a consensus target price of $35.60, suggesting a potential upside of ∞. Given Columbia Banking System’s likely higher upside, analysts clearly believe that Columbia Banking System is more favorable than Surrey Bancorp.


Columbia Banking System beats Surrey Bancorp on 10 out of 14 factors compared between the two stocks.

Company Profile Surrey Bancorp (Get an assessment)

Surrey Bancorp operates as a bank holding company for Surrey Bank & Trust which provides a variety of retail, small and medium business banking products and services in Surry County, North Carolina and Patrick County, as well as in and around Virginia. It offers checking and savings accounts, certificates of deposit, overdrafts and individual retirement accounts. The company also offers mortgages; home, consumer and personal loans; Lines of credit; trade credit products; government guaranteed loans; and credit cards. Additionally, it offers cash management, international, merchant card and other business services; and electronic banking and safe deposit boxes. The company was founded in 2003 and is based in Mount Airy, North Carolina.

Columbia Banking System Company Profile (Get an assessment)

Columbia Banking System LogoColumbia Banking System, Inc. operates as a bank holding company for Columbia State Bank which provides a range of banking services to small and medium-sized businesses, professionals and individuals in the United States. It offers personal banking products and services, including interest-free and interest-bearing checks, savings accounts, money market and certificates of deposit; home mortgages for purchases and refinances, home equity loans and lines of credit and other personal loans; debit and credit cards; and digital banking. The Company also provides business banking products and services, such as checking, savings, interest-bearing money market and certificate of deposit accounts; agricultural, asset-based, builder and other commercial real estate loans, as well as small business administration guaranteed loans; and professional banking, cash management, merchant card and international banking. In addition, it offers wealth management solutions that include financial planning services, such as asset allocation, net worth analysis, estate planning and preservation, education funding and transfer of assets; long-term care and life and disability insurance solutions; individual retirement solutions including retirement planning, retirement income strategies and traditional and Roth individual retirement accounts; and business solutions, which include corporate pension plans, key person insurance, corporate succession planning and deferred compensation plans for individuals, families and professional businesses. In addition, the company provides trust, investment and administrative trust services, such as personal and special needs trusts, estate settlement, investment agency and charitable organization management. It operates a network of 153 branches, including 68 in Washington State, 59 in Oregon, 15 in Idaho and 11 in California. The company was founded in 1993 and is based in Tacoma, Washington.

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“Commercial court to deal with currency manipulations” – RBZ http://ihave50dollars.com/commercial-court-to-deal-with-currency-manipulations-rbz/ Sat, 07 May 2022 12:41:38 +0000 http://ihave50dollars.com/commercial-court-to-deal-with-currency-manipulations-rbz/

The Reserve Bank of Zimbabwe says deterrent sanctions are needed if the country is to deal with currency manipulators once and for all.

Over the past two years, the country’s macro-economic environment has been besieged by economic saboteurs, who have manipulated the local currency to the chagrin of Zimbabweans.

The central bank has since demonstrated that the strong economic fundamentals that saw the economy receive US$2.4 trillion in foreign currency in the first quarter of 2022 are sufficient to maintain monetary stability.

Speaking at the official opening of the Harare Commercial Court on Friday, RBZ Governor Dr John Mangudya called for tougher and dissuasive penalties to deal with white collar crimes, especially currency manipulators.

“As monetary authorities, we are very pleased with the establishment of the Commercial Court, which will specifically deal with white-collar crimes plaguing the economy, especially on the monetary front,” he said.

Monetary stability is sacrosanct for any nation in the world, as it is a prerequisite for sustainable economic growth and macroeconomic stability.

Islamic Banking Market research report explores growing trends with business developments and forecast to 2028 http://ihave50dollars.com/islamic-banking-market-research-report-explores-growing-trends-with-business-developments-and-forecast-to-2028/ Fri, 06 May 2022 10:49:28 +0000 http://ihave50dollars.com/islamic-banking-market-research-report-explores-growing-trends-with-business-developments-and-forecast-to-2028/

SMI offers a complete study of the “Islamic banking marketwith all-inclusive insights into vital factors and aspects that impact the future growth of the market. The report’s segmentation analysis has provided the performance of different product segments, applications, and regions in the Islamic Banking System market. This report covers the business landscape and its growth prospects in the coming years.The report includes a discussion of major vendors and market competitors operating in this market.Company analysts also collect data and study trends based on information from supply and demand intermediaries in the value chain.

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The research report studies the past, present, and future performance of the global Islamic Banking System Market. The report further analyzes the current competitive scenario, prevalent business models, and likely advances of offerings by prominent players in the coming years.

The main players in this market are:

ICS Financial Systems, Islamic Finance Guru, ERI Banking, IDCORP, Ummah Finance, Syariah Fintech

Report cover:

The Islamic Banking System market report depicts the current industry situation combined with future trends that will satisfy the demands of the end consumers. The report includes an in-depth competitive analysis of major market players along with their company profiles, market demand related to their products and business offerings, status of recent developments undertaken by them, and growth strategies adopted by them to strengthen their position in the market. Islamic banking market. This report forecasts the revenue growth at the global, regional and country level and provides an analysis of each of the sub-segments from 2022 to 2028. The report also tracks the latest market dynamics such as driving factors, restraining factors and industry news like mergers, acquisitions and investments.

By Product Type, the market is primarily split into:

Islamic banking, Islamic insurance, Islamic bonds, Islamic funds

By application, this report covers the following segments:

Individual, Commercial, Governmental, Others

Scope of this report:

✅ This report segments the global Islamic Banking market comprehensively and provides the closest approximations of revenue for the overall market and sub-segments across different verticals and regions.

✅ The report helps stakeholders take the pulse of the Islamic Banking market and provides them with insights on key market drivers, restraints, challenges, and opportunities.

✅ This report will help stakeholders understand competitors better and gain more insights to improve their position in their businesses. The competitive landscape section includes competitor ecosystem, new product development, deal, and acquisitions.

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Market Regional Classification:

The regional landscape of Islamic Banking System market is classified into North America, Europe, Asia-Pacific, South America, Middle East & Africa and Southeast Asia. An overview of the performance of each regional market in terms of growth rate over the forecast period is included in the report. Information on the cumulative sales, revenue and growth rate of each geography is also included.

➢ North America (United States, Canada and Mexico)
➢ Europe (Germany, France, UK and Rest of Europe)
➢ Asia-Pacific (Japan, Korea, India, Southeast Asia and Australia)
➢ South America (Brazil, Argentina and rest of South America)
➢ Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt and Rest of Middle East and Africa)

Frequently Asked Questions:

1. What are the market size estimates and forecasts for Islamic banking technologies?
2. What is the Islamic banking market scenario globally and in different regions?
3. What factors are driving market growth?
4. What are the cost, price and profit margin trends for Islamic banking?
5. What are the main playing fields and winning imperatives?

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1. Market overview
2. Global Economic Impact of the Industry
3. Global Manufacturers Market Competition
4. Revenue (Value) by Region for Global Productions
5. By regions: global supply (production), consumption, export and import
6. Global Productions, Revenue (Value), and Price Trends by Type
7. Global Market Analysis by Application
8. Manufacturing Cost Analysis
9. Industrial chain, supply plan and downstream buyers
10. Analysis of marketing strategy, distributors/traders
11. Analysis of market effect factors
12. Global Islamic Banking Market Forecast

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