Tag: Currency
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Trump on the $1 Coin: A 250th Anniversary Design Dividing Opinion
What the draft coin envisions In a development reported by ABC News, the U.S. Treasury has released draft designs for a one-dollar coin to commemorate the 250th anniversary of American independence in 2026. The proposed obverse would feature the profile of President Donald Trump, flanked by the classic inscriptions Liberty and In God We Trust.…
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Iran Sanctions Return Deepens Economic Crisis in Iran
Background: Sanctions Return Tightens the Stranglehold on Iran’s Economy The international community has revived the pressure on Iran as UN sanctions came back into force, following stalled negotiations with Western powers over Tehran’s nuclear program. The move, backed by the snapback mechanism used by three European powers nearly a decade after the JCPOA, tightens existing…
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Iranians Face Currency Plunge Amid European Sanctions Announcement
In a dramatic turn of events this week, the Iranian currency, the rial, plummeted by approximately 12% following a crucial announcement from European nations, including the UK, France, and Germany. These countries activated the ‘snapback’ mechanism, reinstating sanctions against Iran, which has intensified fears of inflation and a looming economic crisis in Tehran. The economic…
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The Overvaluation of the Swedish Krona: Big Mac Index Insights
In a detailed analysis emerging from the popular Big Mac Index, experts have determined that the Swedish krona is currently overvalued. The Big Mac Index, introduced by The Economist as a light-hearted way to assess the purchasing power parity between two currencies, compares the price of a Big Mac in various countries. This index provides…