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Category: Finance/Banking

News

Navigating Bitcoin’s Uncharted Waters: Risks and Resilience

eyesonsuriname 1. Volatility: Riding the Bitcoin Roller Coaster Bitcoin, the enigmatic digital currency, has carved its path through the financial landscape with breathtaking volatility. Its price swings are akin to a tempest-tossed ship on a stormy sea. As investors, we must acknowledge that Bitcoin’s youthfulness contributes to this wild ride. Within a single day, its…
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Iso 20022 vs Swift

Navigating the New Banking Landscape: A Golden Era Dawns

eyesonsuriname The world of banking is on the cusp of a transformation. As the SWIFT Standard takes a back seat and new norms emerge, financial institutions are poised for a paradigm shift. Let’s delve into the changes that await us, guided by the glimmer of gold-backed currencies. 1. ISO 20022: The Global Standard Unleashed The…
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BRICS Nations Forge a New Path: Blockchain, BRICS Currencies, and the Decline of the Dollar

BRICS Nations Forge a New Path:

Blockchain, BRICS Currencies, and the Decline of the Dollar eyesonsuriname The world is witnessing a seismic shift in the global financial landscape. Russia’s recent proposal for a Blockchain-based, BRICS-exclusive payment system has the potential to reshape international trade and challenge the long-standing dominance of the US dollar. This move by the BRICS countries – Brazil,…
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Plastic Credit Bonds

Launch 100 million Plastic Credit Bonds

eyesonsuriname Amsterdam, 1 Feb 2024– The World Bank has announced the launch of a unique seven-year bond, valued at $100 million, specifically targeted at reducing plastic waste.  This pioneering Plastic Waste Reduction-Linked Bond is designed to generate financial returns for investors through Plastic Waste Collection Credits, Recycling Credits, and Voluntary Carbon Units (VCU) derived from…
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Non active cash costs investors dearly

Non active cash costs investors dearly

eyesonsuriname Amsterdam, 3 Jan 2024–High net worth investors who hold a large percentage of their savings in cash or money market funds risk missing out on the potential for sizable gains in bond markets. Reviewing the past five US rate-hiking cycles reveals that, three years after they peaked, cash delivered an average return of 15…
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Republic of Suriname Foreign And Local Currency Ratings Raised To 'CCC+/C' From 'SD'; Outlook Stable

Republic of Suriname Foreign And Local Currency Ratings Raised To ‘CCC+/C’ From ‘SD’; Outlook Stable

On Dec. 6, 2023, we raised our long- and short-term foreign and local currency sovereign credit ratings on Suriname to ‘CCC+/C’ from ‘SD’ (selective default). At the same time, we withdrew our ratings on Suriname’s senior unsecured debt. We also raised our transfer and convertibility assessment to ‘CCC+’. The outlook on the long-term ratings is…
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The global debt crisis - Is the world on the brink of collapse?

The global debt crisis – Is the world on the brink of collapse?

Experts are sounding the alarm: the world is caught in a debt trap. The global mountain of debt has increased to more than 300 trillion US dollars. To cancel it out, the Earth’s population would have to work for nothing for three years. Is this a cause for concern? Will private individuals, companies and even…
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End of the road: how money became worthless

End of the road: how money became worthless

In 2008, the world experienced one of the biggest financial upheavals in modern history. Markets around the world began to crumble, share prices plummeted and major financial institutions, once considered invincible, began to show signs of collapse. Governments responded quickly, issuing massive bailouts and stimulus packages in an effort to keep the world economy afloat.…
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Suriname and the IMF Reach Staff-Level Agreement on the Fourth Review of the Extended Arrangement Under the Extended Fund Facility

Suriname and the IMF Reach Staff-Level Agreement on the Fourth Review of the Extended Arrangement Under the Extended Fund Facility

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a…
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Indonesia – A hub for blended finance in the Asia-Pacific

Indonesia – A hub for blended finance in the Asia-Pacific

*As the Government of Indonesia takes lead on leveraging blended finance as a tool to advance development projects in the country, and private investors increase investment towards Indonesia’s long-term development plans, Indonesia is set to be a model for how blended finance can achieve sustainable and inclusive development in the region. * As the fourth…
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