Currency news

 According to the 2022 Annual Presidential Program prepared by the Department of Treasury and Finance and the Strategy and Budget Department, the USD/TRY digital model is scheduled to be launched in 2022. Last month, Turkey's central bank announced that it had set up a "digital cooperation platform in Turkish lira" with Aselsan (IS:ASELS), Havelsan and Tubitak Belgem. In the first quarter of this year, the digital Turkish lira was also included in the calendar of the economic reform plan announced by the Ministry of Treasury and Finance. It was mentioned in the Economic Reform Assessment that the legal infrastructure for the digital lira will be completed by the end of the year. The results of the first phase of the pilot application carried out by the Central Bank of the Republic of Turkey, the Ministry of Treasury and Finance and TUBITAK within the scope of studies for the development of a digital Turkish lira based on a block chain will be shared with the public in 202...

 US stock futures rose on Friday and pointed to weekly gains for the major indices, as corporate earnings awaited and ahead of Goldman Sachs results, which are expected to conclude a strong third-quarter earnings season for major banks. However, the Commerce Department's report, due out at the time, is likely to show a decline in retail sales in September amid persistent shortages of cars and other goods. The data will come against the backdrop of high oil prices, labor shortages and supply chain disruptions, factors that have rattled investors and led to recent market volatility. At 11:48 am GMT, the Dow jones index rose by 0.43%, or 148 points, to the level of 34,932.00, and the Standard & Poor's S&P500 index rose by about 0.34%, or by 15 points, to 4,444.00. At the same time, the Nasdaq Composite Index jumped 0.28%, or about 42.75 points, to 15,080.00

 The Central Bank of Egypt said in a statement published on Thursday that the current account deficit widened to $18.4 billion in the 2020-21 fiscal year from $11.2 billion in the previous year, as tourism revenues plunged about 50 percent.  The Central Bank of Egypt said in a statement published on Thursday that the current account deficit widened to $18.4 billion in the 2020-21 fiscal year from $11.2 billion in the previous year, as tourism revenues plunged about 50 percent. The bank added that tourism revenues fell 50.7 percent to $4.9 billion over the fiscal year as the coronavirus pandemic reduced international travel, down from $9.9 billion in 2019-20.

 Russian President Vladimir Putin has said that cryptocurrencies are too volatile to be used to settle oil contracts, but nonetheless deserve a place as a means of payment. Russian President Vladimir Putin has said that cryptocurrencies are too volatile to be used to settle oil contracts, but nonetheless deserve a place as a means of payment. The Russian president made the remarks in an interview with CNBC television, which was published on the Kremlin's website on Thursday. Putin was responding to a question if he expected oil contract prices to be valued in cryptocurrencies instead of dollars in the future. Russia has been trying for years to reduce its dependence on the US dollar, which is widely used to settle oil contracts, but it has not succeeded in achieving this on a large scale, although some commodity companies have switched to dealing in euros. “It is too early to talk about that at the moment because cryptocurrency can, of course, be a means of payment, but it is very ...