Russia

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Stack of Gold Coin on Black Background.
Stack of Gold Coin on Black Background.

The BRICs Go For Gold

After months of debate about various currency and commodity baskets, a Russia- and China-led consortium has apparently settled on using gold as the basis of a planned new international currency system separate from the US dollar and euro. Read More ›
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Location Turkey. Red pin on the map.
Location Turkey. Red pin on the map.

What’s Wrong With Turkey #2: Making It Way Too Complicated

Recently, we took a look at the Central Bank of Turkey’s balance sheet, to get an idea of what has been going on, and what to do about the sudden decline in the foreign exchange value of the Turkish lira. Read More ›