World’s Largest Regional Organization to Switch to Settlements in National Currencies

A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S….

Experto predice un colapso económico inminente mientras las naciones BRICS se unen contra el dólar

andy schectman, CEO de Miles Franklin Precious Metals Investments, explicó en una entrevista reciente que las cinco principales economías emergentes—Brasil, Rusia, India, Porcelana, y Sudáfrica, conocidas colectivamente como naciones BRICS, son “fusionándose contra el dólar.” Schectman cree que desde 2022, desdolarización…

El FMI advierte que las sanciones a Rusia amenazan con socavar el dominio del dólar estadounidense

Las sanciones financieras impuestas a Rusia por su invasión de Ucrania pueden resultar en una reducción del dominio de EE. UU.. divisa, según un alto funcionario del Fondo Monetario Internacional (FMI). El enfrentamiento podría conducir a la fragmentación del mundo.’s current monetary

Rusia considera reemplazar parcialmente las reservas de dólares con activos digitales en el futuro

Amid ongoing sanctions, the government of Russia has been working to limit the countrys dependence on the U.S. dólar. The Ministry of Foreign Affairs now says its possible to partially replace the greenback in currency reserves and trade settlements with other