* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 30, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Egypt Abandons US Dollar for International Trade

February 16, 2024
in Business
Egypt Abandons US Dollar for International Trade
Share on FacebookShare on Twitter

In a landmark decision, Egypt has officially announced its departure from the US Dollar for international trade purposes.

This move is part of a broader trend among nations seeking alternatives to the US Dollar in international transactions.

Meanwhile, Egypt’s decision came after its acceptance into the BRICS group, which includes other nations like Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates.

Moreover, the BRICS summit in 2023 marked a significant turning point for these countries, signaling a collective desire to reduce dependency on the US Dollar.

Furthermore, the Egyptian Ministry of Foreign Affairs stated that the country is actively encouraging its trading partners to conduct transactions in their national currencies.

Consequently, this strategy aims to mitigate the financial impact of relying on foreign currencies, particularly the US Dollar, for trade settlements.

The Global Context

The move away from the US Dollar is not unique to Egypt. It reflects a global trend driven by various factors, including geopolitical tensions, economic sanctions, and the desire for greater financial autonomy.

More so, countries are increasingly exploring alternatives to the US Dollar to diversify their economic risks and reduce their vulnerability to currency fluctuations.

Advantages and Disadvantages

Advantages:

Reduced Dependence: By moving away from the US Dollar, countries can lessen their reliance on the currency, which can be beneficial in times of economic uncertainty or political tensions.

Stability: Trading in national currencies can provide more stability, especially for countries with strong economic fundamentals.

Cost Savings: It can reduce transaction costs associated with currency conversion and hedging against exchange rate risks.

Disadvantages:

Liquidity Issues: The US Dollar is widely regarded as the world’s most liquid currency, making it easier to conduct large-scale international transactions.

Market Acceptance: Convincing trading partners to switch from the well-established US Dollar to other currencies can be challenging.

Volatility: National currencies may be more susceptible to fluctuations due to domestic economic conditions, which can introduce additional risks in trade.

Egypt’s decision to ditch the US Dollar in trade is a significant move that reflects the changing dynamics of the global economy.

While this shift presents both opportunities and challenges, it is a clear indication of countries’ desire for greater economic independence and resilience in the face of global uncertainties.

As more nations consider similar moves, the landscape of international trade could undergo a profound transformation in the years to come.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BusinessElitesAfrica – https://businesselitesafrica.com/2024/02/16/egypt-abandons-us-dollar-for-international-trade/

Tags: AbandonsbusinessEgypt
Previous Post

Jose Peseiro: Algeria Eyes Super Eagle’s Coach as Next Manager

Next Post

‘I Cannot Go to Africa’ —

Reducing nutrients in Puget Sound – Department of Ecology – State of Washington (.gov)

How Reducing Nutrient Pollution Can Revitalize Puget Sound’s Ecosystem

July 30, 2025
DOKTOR KABOOM! LOOK OUT! SCIENCE IS COMING Comes to the Coppell Center – BroadwayWorld.com

DOKTOR KABOOM! LOOK OUT! SCIENCE IS COMING Comes to the Coppell Center – BroadwayWorld.com

July 30, 2025
Building Resilience in Coastal Communities with NASA Earth Science – NASA Applied Sciences (.gov)

Building Resilient Coastal Communities: The Power of NASA Earth Science

July 30, 2025
Lifestyle Changes Can Slow Cognitive Decline as You Age, Pointer Study – HealthDay

Lifestyle Changes Can Slow Cognitive Decline as You Age, Pointer Study – HealthDay

July 30, 2025
Arab world tells Hamas to lay down arms and end rule of Gaza – The Telegraph

Arab World Calls for Hamas to Disarm and Step Down from Gaza Leadership

July 30, 2025
IMF upgrades global growth forecast as weaker dollar aids world economy – Financial Times

IMF upgrades global growth forecast as weaker dollar aids world economy – Financial Times

July 30, 2025
Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

July 30, 2025

Celebrating Excellence: Joy in Medicine® Health System Recognition Program

July 30, 2025
Dorothy Teater, remembered as a ‘trailblazer’ for women in central Ohio politics, dies at 94 – The Columbus Dispatch

Dorothy Teater, remembered as a ‘trailblazer’ for women in central Ohio politics, dies at 94 – The Columbus Dispatch

July 30, 2025
Revving Up The U.S. Technology Engine – Forbes

Revving Up The U.S. Technology Engine – Forbes

July 30, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (746)
  • Economy (770)
  • Entertainment (21,650)
  • General (16,188)
  • Health (9,807)
  • Lifestyle (778)
  • News (22,149)
  • People (772)
  • Politics (779)
  • Science (15,983)
  • Sports (21,267)
  • Technology (15,750)
  • World (753)

Recent News

Reducing nutrients in Puget Sound – Department of Ecology – State of Washington (.gov)

How Reducing Nutrient Pollution Can Revitalize Puget Sound’s Ecosystem

July 30, 2025
DOKTOR KABOOM! LOOK OUT! SCIENCE IS COMING Comes to the Coppell Center – BroadwayWorld.com

DOKTOR KABOOM! LOOK OUT! SCIENCE IS COMING Comes to the Coppell Center – BroadwayWorld.com

July 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version