“Peru Jumps on CBDC Bandwagon: IMF Boosts Digital Currency Revolution in Latin America!”
Peru Jumps on the CBDC Bandwagon with the Assistance of the IMF In recent years, there has been a notable increase in the exploration and development of Central Bank Digital Currencies (CBDCs) as a way to streamline financial transactions and optimize the efficiency of central banking systems. Peru has now joined the growing list of […]
BoK’s Brief Halt Won’t Aid Won Much; TDS Foresees Quick Recovery from Weakness
The Bank of Korea (BoK) has decided to maintain its policy rate at 3.50%. Economists at TD Securities predict that the Won’s current weakness will be short-lived, as the USD/KRW pair faces stubborn resistance at its 200-Day Moving Average. Despite the pause, the BoK continues to keep its hawkish bias. In a unanimous decision, the […]