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de-dollarization
The Yuan surpasses the Yen in international transactions
Information taken from the latest transaction data compiled by global financial messaging service SWIFT, RT...
BRICS economy is stable thanks to Russia, China and India? How the group "overshadows" the USD position
The group of emerging economies (BRICS) includes countries with rapidly growing economies: Brazil, Russia, India, China and South Africa. The 5-member group is in the spotlight as the world pushes to change the dominance of the USD in international trade. How will BRICS promote this process?
The proportion of BRICS in world GDP in terms of purchasing power parity will far exceed that of the G7
Bloomberg news agency said that the rapid rise of the Group of Emerging Economies (BRICS) is changing the global economy.
Malaysia has a new move related to the USD, "actively and decisively" doing this
"Completely ending dependence on the USD is very difficult, but Malaysia will be more active and drastic in using the Ringgit in trade."
Russia's "campaign" to break the siege has been stopped, de-USD seems easy but difficult to imagine, does Moscow have a new plan?
Russian President Vladimir Putin's de-dollarization effort could not go as planned. Billions of dollars in profits from Russia's oil sales are stuck in Indian banks - Moscow's effort to stop using the dollar in international trade "hit by the West".
Russian money is "piled up" in India but cannot be accessed, New Delhi "accidentally" helps the USD
Billions of dollars in profits from Russian oil sales are "stuck" in Indian banks.
The US ally will enter the BRICS, put "de-dollarization" aside, turn around on the issue of the common currency, Russia is "incubating...
Joining the BRICS, there will be people invited, people sought after, but there will also be applications rejected; Not a BRICS common currency, but a common currency in the bloc... Russia will assume the leadership role next year, how does Moscow stand on important issues This?
Joining forces to oppose USD dominance
USD - the world's reserve currency is facing challenges from the countries of the Southern Hemisphere, where many powers are looking to find other options than the greenback. In fact, this is not easy.
The West tightens sanctions on Russia, de-dollarization, the maturity of the BRICS, the global geopolitical map is being drawn...
The 15th BRICS Summit is one of the most influential conferences in the history of the bloc, if not in the history of the world economy. Along with the event, the global geopolitical map will be redrawn?
The West tightens sanctions on Russia, de-dollarization, the maturity of the BRICS, the global geopolitical map is being drawn...
In an age of great power competition and increased international tensions, the use of economic sanctions against Russia and the weaponization of the dollar have pushed the BRICS into the geopolitical arena.
Without waiting for Russia or China, the US is leading the revolution to "dethrone the King of the USD"?
No need to wait for Russia, China or the BRICS to dethrone the dollar, Americans want to do it themselves. Is this a preparation for the CBDC and Washington's move to reset the monetary system?
USD is about to lose its status as the world's reserve currency
On August 17, in an interview with Fox Business channel, former President Donald Trump said that the dollar is about to lose its status as the world reserve currency.
Massively selling USD and Euro, Russia moves towards currencies of "friendly countries"
In its recently published monthly financial risk assessment, the Bank of Russia said that the fall in the ruble's exchange rate against major foreign currencies has led many Russians to sell off their holdings. in USD and Euro.
USD rising fast, most of the member countries of NDB want to do this
According to South African Finance Minister Enoch Godongwana, the New Development Bank (NDB) established by the group of leading emerging economies (BRICS) wants to increase capital mobilization in local currencies of member countries. and lending.
Russia-China shake hands, BRICS rise, but the goal is not to bring down the 'weaponized' dollar? Countries want...
The dollar monopoly is increasingly causing concern not only in the Southern Hemisphere but also in the major Western economies. Russia-China cooperation is understood as an alliance and de-dollarization as a 'plot' to lose the greenback. The fact is not so?
Digital Ruble
The more accessible digital ruble promises to revolutionize commercial transactions and reshape the financial landscape of the Russian economy.
The sanctions against Russia made the world want to "break up" the US currency, the BRICS "faltered" because they desperately needed the USD?
The dollar has been the world's reserve currency since World War II, but a combination of political and economic reasons is slowly diminishing its supremacy.
Will the BRICS currency surpass the USD, counterbalance the West, the emerging group intends to 'play big'?
The BRICS Union is ready to make a decision on the formation of a new currency right at the BRICS Summit in August. With an economic scale not inferior to the US and each BRICS member supporting this initiative for different reasons, the BRICS currency is expected to overtake the US dollar.
BRICS currency challenges USD?
As tensions with the US escalate, the world's leading emerging economies BRICS (including Brazil, Russia, India, China and South Africa) are preparing to deal a blow to the hegemony of the dollar?
Many countries "disconnected" from the USD, the greenback is no longer the only dominant position?
On July 11, speaking at a conference organized by credit rating company S&P Global in London (UK), chief economist of this unit Paul Gruenwald said that the dollar is no longer attractive as before.
