Tag Archives: central bank

Ukraine’s Currency Hit by Hyperinflation, Rationing Underway

Ukraine’s currency, the hryvnia, plunged overnight leaving citizens scrambling to stockpile food, electronics, and whatever else they could this morning in a desperate effort to purchase something tangible with their rapidly declining currency. The currency has fallen by more than 70 percent … Continue reading

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Head of China’s Central Bank Says Some Countries Already Using Yuan as Reserve Currency

Zhou Xiaochuan,  the governor of the Central Bank of China revealed in an interview with Bloomberg this week that the yuan is already being used as a reserve currency by some countries, though they “may not be willing to say so.” … Continue reading

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Russia Is Hoarding Gold

Each month, Russia continues to increase its reserves of gold, as it added almost 340,000 troy ounces in July, the IMF reported this week. The total gold estimated in Russia’s Central Bank reserves now totals more than 35.5 million ounces. … Continue reading

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