Sentences with phrase «reserve currency backed»

No longer was the world's reserve currency backed by gold, instead the Dollar was valued against the gold price traded on the futures exchanges.

Not exact matches

The Eastern Caribbean dollar, which the bank issues, is pegged to the US dollar and is backed by substantial foreign currency reserves.

Danny Masters, Chairman of CoinShares, told CNBC's Fast Money that Bitcoin, «the reserve currency for cryptos», is about to bounce back.

A gold - backed dollar would also head off China's not too subtle attempt at replacement of the Greenback with the Yuan as the world's reserve currency.

The fed was «lending» or doing an OMO for currency and / or central bank reserves to the commercial banks with the gov» t bonds as collateral / outright possession to back the currency / central bank reserves, not lending to the gov «t.

The Tether company claims to have currency reserves to back up all the Tethers in circulation, but there is no concrete evidence of this claim.

Trump is an outsider who knows jobs will never come back to America as long as the dollar is the global reserve currency.

SDR's were started in 1969 and are already used for international transactions would be backed by gold in the Sino - Soviet plan and used as a reserve currency.

The Eastern Caribbean dollar is pegged in value to the US dollar and is backed with reserves of foreign currency.

enezuela has offered India a 30 - percent discount on crude oil purchases, but only if India agrees to pay in El Petro, the cryptocurrency that Venezuela is touting as the first national digital currency backed by crude oil reserves.

These reserves serve two functions, 1) as backing for the interbank settlements system and 2) to buy cash (legal tender money / currency) from the Fed.

There's another major long term bullish factor for gold and silver that never existed before: China is attempting to destroy the U.S. dollar's reserve currency status with a Yuan that's backed by the gold standard.

Always tempting to predict the demise of the dollar as a reserve currency... but if you look back over the decades, investors & institutions are very slow to change allegiance.

The Tether company claims to have currency reserves to back up all the Tethers in circulation, but there is no concrete evidence of this claim.

Foreign exchange reserves are used to back a nation's domestic currency.

Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S. - led financial sanctions, announcing on Sunday the launch of the «petro» backed by oil reserves to shore up a collapsed economy.

Unlike bitcoin, Tether tokens are backed by reserves of fiat currency held by the company, Tether Limited.

The Tether company claims to have fiat currency reserves to back up all the Tethers in circulation, but there is no concrete evidence of this.

While many cryptocoins seek to transcend conventional currency, the cryptocurrency Tether claims to back each of its issued tokens with an equal amount of redeemable cash held in a private reserve.

Tether claims all of its coins are backed by fiat currency stored in a reserve.

Tether Limited holds 1:1 reserves for all Tether generated in its contract where each tether is backed by its corresponding currency on deposit.

Every Tether in circulation is backed one - to - one with the matching currency in the platform reserve and can be redeemed at any time for its original asset.

Tether currencies are claimed to be 100 % backed by actual fiat currency assets in the company's reserve account.

The company backs ir's cryptocurrencies with fiat currencies, held at their reserve.

The currency, which could be used in government transactions, will be backed by the state's gold reserves and is being developed in conjunction with Crypt NN, a Russian blockchain startup based in Nizhny Novgorod.

Because it's now digital gold, it's created this «world reserve gold back currency type thing» that is global and that we have never seen before.