April 2025

China’s Currency Peg: The Chinese yuan has had a currency peg since 1997. Initially, it was pegged to the U.S. dollar, but since 2005, it has been managed against a basket of currencies with weightings determined by trade levels with foreign partners. The currency is restricted from floating more than 2% against a fixed level.

The Mumbai Interbank Bid Rate (MIBID) is a synthetic benchmark interest rate utilized by banks in the Indian interbank market. It represents the rate at which a bank borrows funds from another participating institution. This rate is pivotal for setting other interest rates within the financial market. Launched in 1988 by the National Stock Exchange

Demonetization is the process of stripping a currency unit of its status as legal tender, often occurring with changes in national currency. This involves pulling the current form or forms of money from circulation and retiring them, frequently to be replaced with new notes or coins. In some instances, a country may completely replace the

As a newcomer to cryptocurrency investments, one of the first considerations is the secure purchase and storage of cryptocurrency. It’s crucial to know where and how to store your crypto before making a purchase to avoid any early setbacks in your investment journey. Unlike traditional bank accounts, cryptocurrencies must be stored in specialized wallets on

A currency reserve is a significant component of foreign exchange reserves held by governments and institutions in large amounts. These reserves often serve as the international pricing mechanisms for commodities such as oil, natural gas, gold, and silver, compelling other countries to hold these currencies to facilitate trade. The U.S. dollar stands as the primary

Import Substitution Industrialization (ISI) is an economic theory that is typically adhered to by developing countries or emerging market nations as they seek to decrease their dependence on developed countries. The approach targets the protection and incubation of newly-formed domestic industries to fully develop sectors so the goods produced are competitive with imported goods. This