Tag: Petrodollar

News for Investors

How does mBridge work?

eyesonmalaysia mBridge is a multi-Central Bank Digital Currency (CBDC) platform designed to facilitate real-time, peer-to-peer cross-border payments and foreign exchange transactions using CBDCs. It operates on a blockchain called the mBridge Ledger, ensuring compliance with jurisdiction-specific policies and legal requirements. The platform is developed by a collaboration of central banks and monetary authorities, including the…
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The Petrodollar Agreement ends on June, 9th

eyesonmalaysia The petrodollar agreement, established in the 1970s, refers to the practice of selling oil exclusively in U.S. dollars. This system has been a cornerstone of the global financial system, as it has helped maintain the U.S. dollar’s status as the world’s primary reserve currency1. The agreement originated from a deal between the United States…
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