Source link The country has overtaken Saudi Arabia with over $442 billion in foreign currency reserves, data shows Russia has risen to sixth place in the world in terms of foreign currency reserves, according to the latest calculations by the World Gold Council. The country had accumulated $442.5 billion in forex holdings as of the […]
Source link US national debt has continued to mount, jumping by $2.6 trillion in the six months through December to reach $33.8 trillion, according to the Treasury Department. The Treasury indicated that factors such as tax cuts, stimulus programs, increased government spending, and decreased tax revenues have been driving up debt. “The national debt just […]
Source link The ruble has been bolstered by a recent key rate hike and increased sales of foreign earnings by exporters The Russian ruble continued to strengthen against major currencies on Tuesday, surging to a five-month high, trading data from the Moscow Exchange (MOEX) showed. The currency had risen to 90.5 rubles to the US […]