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Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. [1]Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe.
Total telecom revenues reached more than $17.8 billion in 2013, [101] and while only one in three retail stores in Argentina accepted online purchases in 2013, e-commerce reached US$4.5 billion in sales. [102] Trade in services remained in deficit, however, with US$15 billion in service exports in 2013 and US$19 billion in imports. [18]
Dedollarisation refers to countries reducing reliance on the U.S. dollar as a reserve currency, medium of exchange or as a unit of account. [1] It also entails the creation of an alternative global financial and technological system in order to gain more economic independence by circumventing the dependence on the Western World-controlled systems, such as SWIFT financial transfers network for ...
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Musk spoke in 2022 at the B-20 business forum ahead of a summit of the Group of 20 leading economies that took place in Bali. He joined the conference by video link weeks after completing his ...
Argentina's government under libertarian President Javier Milei has unveiled a "shock therapy" economic plan, a radical and likely painful blueprint to stabilize the South American country's ...
Bali (English: / ˈ b ɑː l i /; Balinese: ᬩᬮᬶ) is a province of Indonesia and the westernmost of the Lesser Sunda Islands.East of Java and west of Lombok, the province includes the island of Bali and a few smaller offshore islands, notably Nusa Penida, Nusa Lembongan, and Nusa Ceningan to the southeast.
In April 2023, YouTube began to pilot a variant of this concept under which some videos offer an enhanced bitrate 1080p option. [32] As of July 2022, in the United States the price of individual accounts on the service was increased to $13.99 per month ($18.99 if purchased via Apple App Store) [33]