article thumbnail

Latin America Adopts Dual Currencies

Global Finance

During his campaign, Argentine President Javier Milei promised to close the countrys central bank and adopt the dollar as the countrys currency. According to Leoni, dollarization should be a temporary solution, as the main economic problems are not solved by controlling only the currency emissions. However, there are pros and cons.

article thumbnail

Southeast Asia's IPO market poised for rebound in 2025

Future CFO

The future of the initial public offering (IPO) market in the Southeast Asian region comes with expected interest rate cuts alongside easing inflation may create a more favourable environment for IPOs in the years ahead, according to Deloitte. The post Southeast Asia's IPO market poised for rebound in 2025 appeared first on FutureCFO.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Hossam Heiba, CEO of Egypt’s Investment Authority, On Economic Reforms And A Growing Private Sector

Global Finance

From a monetary perspective, traditionally Egypt was focused on fixing the foreign currency and protecting the Egyptian pound. Since March 2024, we have been focused on the inflationary effect, currency pricing is set according to market dynamics and so far, it has proven very successful.

Economics 105
article thumbnail

Nigeria: Automation Will Add Forex Transparency

Global Finance

Nigeria’s central bank will automate foreign exchange (FX) trading starting in December, replacing the decade-old over-the-counter system to enhance transparency and liquidity in its currency markets. This shift is expected to level the playing field, reducing opportunities for bias and favoritism in foreign currency allocation.

article thumbnail

Consolidation Solution Checklist

Mid-market companies have been forced to rely on standalone Excel and Tylenol for too long. This checklist covers: Integration of Data Currency Translation Intercompany Eliminations Partial & Cross Ownership Multiple Reporting Standards Financial & Management Reporting

article thumbnail

Visa Seeks Patent On System To Turn Government Currencies Into Digital Blockchain Versions

PYMNTS

patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. The system would then remove the paper currency from circulation. A central entity may implement a monetary policy and issue currency.

article thumbnail

Citigroup Chief: CBDCs Are 'Inevitable' In The Future Of Currency

PYMNTS

Citigroup will be helping governments around the world establish sovereign digital currencies, or central bank digital currencies (CBDC), CEO Michael Corbat says, according to a report from CoinDesk. 4), Corbat said the development of such digital currencies was likely inevitable with the way money has been trending.