During the gold standard, the violence of colonialism corrupted a neutral monetary standard. In the post-colonial world, a fiat monetary standard — upheld by...

A proposal for relaunching the currently defunct USAN, the Union of South American Nations, profiles a future monetary integration amongst the countries of the organization. The proposal, made by several former presidents of countries in Latam, reinforces the need for regional integration to overcome common problems in the area, including poverty. USAN Relaunch Proposal Includes […]

According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they...

What’s happening On Wednesday, Russia is scheduled to make its first major payment on foreign debt since the start of the war. Many analysts are suggesting that because of the sanctions, they won’t be technically able to meet their obligations. Failure to pay doesn’t mean that the country falls immediately into default because there is […]

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Following a historic round of strict sanctions, Russia’s economy will suffer with most foreign exchange reserve assets frozen, experts say

The post Digital Ruble Likely To Help Russia Move Away From US Dollar, Economists Say appeared first on Blockworks.