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reserves

Nick Szabo: Central banks could turn to gold cryptocurrency reserves

Economy At the Bitcoin Summit in Israel held at Tel Aviv University on January 8, veteran cryptographer Nick Szabo explained that the use of censorship-resistant cryptocurrencies would increase in trade-sanctioned countries and economies suffering from failed monetary planning. Szabo also… Continue Reading →

Saudi Arabia announces increase in oil reserves after external audit

The leading oil exporter, Saudi Arabia, announced Wednesday a slight increase in its crude oil reserves after their independent audit, providing more details on the size of the deposits kept secret for decades. The easily recoverable oil reserves of Saudi… Continue Reading →

China's foreign exchange reserves decline in 2018, as the slowdown in the economy and the trade war weigh

China's annual foreign exchange reserves fell for the third time in four years in 2018, as the yuan was subjected to strong sales pressure exerted by the cooling of the economy and the escalation of trade tensions. between Canada and… Continue Reading →

China adds to gold reserves for the first time since October 2016

After a hiatus of more than two years, China adds back to its gold reserves. The People's Bank of China increased its holdings to 59.56 million ounces by the end of December, about 1,853 metric tons, up from 59.24 million… Continue Reading →

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