Russia announced allowing the use of digital financial assets in international settlements, which will make it easier for Russian companies to carry out financial transactions in light of the Western sanctions imposed on the country.
According to Russian media, Russian President Vladimir Putin signed a law allowing the use of digital financial assets in international payments.
The decree allowed the use of beneficial digital rights in international payments, as digital financial assets will be used in payments when importing and exporting goods, businesses, services, and intellectual property works.
Russian parliamentarian Anatoly Aksakov said that the move will help Russian companies stimulate trade with friendly countries, and as a guarantee for digital financial assets, real assets such as grains and gold can be used.
Last February, Russian Finance Minister Anton Siluanov revealed a proposal that the BRICS countries are preparing, which includes establishing a platform for implementing trade settlements between the group’s member countries, noting that the proposal includes establishing a platform based on digital currencies in the BRICS countries. To implement financial settlements between member states of the group.
In August 2023, Moscow launched the experimental phase of the digital ruble, in an attempt to limit the impact of international sanctions imposed on it.
The post Russia faces Western sanctions with digital currencies appeared first on Ain Libya | Latest Libya news.
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#Russia #faces #Western #sanctions #digital #currencies
2024-04-14 20:32:22
Analyzing Wall Street’s Predictions for Financial Markets Post Iran’s Attack on Israel
Geopolitical Tensions Shake Financial Markets
As the new week begins, financial markets are on edge due to escalating geopolitical tensions, particularly following Iran’s recent strike on Israel. This event has the potential to trigger further retaliation and inject fresh volatility into trading sessions.
Market Reaction to Middle East Crisis
When Hamas attacked Israel in October, concerns arose about Iran’s involvement in the conflict. Now, with the situation intensifying, there are fears of oil prices exceeding $100 per barrel and a shift towards safe-haven assets such as Treasuries, gold, and the dollar, leading to possible stock market declines.
Despite the tension, Iran has indicated that the matter may be considered resolved, and reports suggest that the US will not support an Israeli counterattack against Iran. This has somewhat tempered investors’ anxiety, with reactions hinging on Israel’s response.
Market Sentiment and Bitcoin’s Response
Bitcoin’s price fluctuations following the attacks provide insight into market sentiment. After an initial drop, the cryptocurrency rebounded, indicating a degree of resilience. Stock markets in the Middle East, including Israel, Saudi Arabia, and Qatar, experienced minor losses amid the turmoil.
According to Emre Akcakmak of East Capital, the measured nature of Iran’s attack initially calmed Middle Eastern markets. However, the ripple effects on global oil and energy prices could impact inflation worldwide.
Impact on Oil and Global Markets
With Brent crude already up nearly 20% this year and trading above $90 per barrel, investors are closely monitoring the situation for potential disruptions in oil shipments. Concerns about the conflict’s impact on production and shipping routes through the Strait of Hormuz add to market uncertainties.
Global markets, including the S&P 500 and bond markets, are also feeling the effects of the crisis. Higher energy costs may exacerbate inflation fears, influencing trading patterns in various asset classes.
Expert Insights and Market Expectations
Financial experts offer diverse perspectives on the unfolding situation. Gonzalo Lardies of Andbank anticipates a moderate market impact if the crisis does not escalate further, while Alfonso Benito of Dunas Capital foresees potential shifts in defense, oil, and gas sectors.
Diego Fernandez of A&G Banco expects lower trading in risk assets initially, with a cautious approach from investors. Joachim Klement of Liberum emphasizes the importance of Israel and the US in managing the crisis to prevent prolonged market disruptions.
Market strategist Mark Matthews from Bank Julius Baer highlights Iran’s efforts to minimize casualties and de-escalate the situation, suggesting a possible resolution if responses remain measured. Geoff Yu of BNY Mellon underscores the potential for dollar accumulation amid market uncertainties.
Chief economist Neil Shearing of Capital Economics predicts the Middle East events may influence central bank decisions, with potential rate cuts in the future. Despite the uncertainties, market participants are closely monitoring developments for strategic investment decisions.
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Analyzing Wall Street’s Predictions for Financial Markets Post Iran’s Attack on Israel
Navigating the Galaxy S24 Pre-Order Process: A Personal Experience
I keep a Galaxy S24. The release date is April 11th, but when I tried to pre-order the 256GB SIM-free model (Cobalt Violet) at Samsung’s online store on April 5th, it said, “Scheduled to ship in mid-May.” The display didn’t change even if I changed the storage capacity or the color, so I guess it sells well. Or maybe the initial shipments of SIM-free models are low in the first place.
The author acknowledges that the biggest appeal of the S series is its “compact but high performance,” so I chose the base Galaxy S24 without hesitation over the Galaxy S24 Ultra.
I wanted to use it right away, so I was wondering why I would have to wait more than a month, but the pre-order campaign is only valid until April 10th. I was looking to trade in the Galaxy Z Flip4 I had been using, and there was a campaign that would increase the trade-in value up to 20,000 yen, so I decided to make a reservation.
In order to receive the benefits of the pre-booking campaign, I had to book by April 10th. I also found it attractive that the exchange price would be higher.
The price of Galaxy S24 (256GB) is 124,700 yen. Through the pre-order campaign, you can get up to 11,000 yen off when purchasing other products at the same time. By the way, the amount of the discount varies depending on the model you buy, and in the case of the 1TB model of Galaxy S24 Ultra, you can get a discount of up to 28,000 yen. If I could get that much discount, I might have bought the Galaxy Watch6. However, at 11,000 yen, I didn’t think it was a huge discount, so I decided to buy a case that seemed easy to use. The price is 9312 yen. In other words, I didn’t use up to 11,000 yen and ended up with 1,688 yen left.
After completing the purchase procedure, you will be taken to a screen where you can complete the exchange procedure. The campaign that increases the exchange amount will be applied if you purchase a device between April 3rd and May 7th and then apply for an exchange between April 5th and May 31st. However, the Galaxy S24 I ordered will arrive in mid-May, and I plan to pay by credit card when I receive it.
Am I the target? I was worried, but if I applied right away, the exchange amount would be 51,700 yen instead of the usual 31,700 yen, so I decided to apply with Eiya.
The trade-in value of the Galaxy Z Flip4 I was using was estimated at 51,700 yen.
Is it possible after completing the application? That’s what I thought about the collection date of the device I was trading in. The range of collection dates that can be selected is short. I didn’t take a picture of the screen, so I don’t remember exactly, but it must have been about a week from the day after the application date. In other words, I have to wait until mid-May for my newly purchased Galaxy S24 to arrive, but I have to get rid of my Galaxy Z Flip4 exchange immediately (I noted April 9).
I didn’t have any problems because I wasn’t using the Galaxy Z Flip4 as my main device (in fact, I hadn’t used it much recently), but if it was a regular model change, there would be a period when it couldn’t be used either . It was probably my fault for not researching carefully beforehand, but I was a bit confused. If you are a clumsy person like me, be careful.
A courier came to collect the Galaxy Z Flip4 on April 9th. It’s very smooth because you hand over the terminal and say, “Yeah, here it is.” The exchange amount has not been determined yet, but since I think it’s in very good condition, I think it will probably be evaluated at the upper limit (51,700 yen) or something in close to him.
However, after applying for a trade-in, I looked up the trade-in value on Mercari and the trade-in value at a thrift store, and found it to be quite high. I think the price of 51,700 yen with the Samsung campaign is a bit too low. Again, I was left feeling uneasy, wishing they could provide a little more service.
The last “moyamoya” is today (April 10th). In order to write this article, I checked the Samsung online store again and found that the product is supposed to be shipped consecutively from April 18 (Thursday). Since it is a “sequential”, it is not clear when it will actually arrive, but it looks like it will arrive sometime in April.
Maybe the Galaxy S24 I reserved earlier will have an arrival date? When I checked my order history with little hope, there was no change in the scheduled shipping date, and it was now “scheduled for delivery from the release date of May 16, 2024.” I didn’t really understand what “Release date: May 16th” meant, so I was confused.
A screenshot of the author’s order history. The device is expected to arrive after May 16th.
Anyway, I’d like to get my hands on a Galaxy S24 as soon as possible and use Galaxy AI to eliminate this “moyamoya” feeling.
#felt #booking #Galaxy #S24 #Mobile #Viewing
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Navigating the Galaxy S24 Pre-Order Process: A Personal Experience