Asentamientos

Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China

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BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called for using…

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

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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…

Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar

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Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources,…

Dollar to Play Lesser Role Due to Its Weaponization, Monedas digitales, Economist Jeffrey Sachs Says

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Within the next decade, los Estados Unidos. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as…

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

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The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 en marzo 12, 2023, a 7:20 pm. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would…

Bank of Russia to Promote Digital Ruble in Foreign Trade as Finance Ministry Pushes for Crypto Option

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Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While the treasury department aims for legalizing cryptocurrency payments in the coming…

El Banco de Rusia realizará una prueba piloto de liquidaciones digitales en rublos en 2023

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Rusia’La autoridad monetaria tiene la intención de realizar las primeras liquidaciones con el rublo digital el próximo año., su gobernador anunció esta semana. Hablando con los legisladores rusos, el funcionario destacó el importante papel que jugará la nueva moneda para Rusia bajo las sanciones….

La Cámara de Comercio de Rusia sugiere el uso de criptomonedas en acuerdos con África

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El empleo de criptomonedas en pagos transfronterizos es una de las propuestas presentadas por la Cámara de Comercio de Rusia que aboga por una mayor cooperación con los países africanos.. En medio de sanciones sin precedentes que limitan a Rusia’s capacidad para comerciar internacionalmente, the head of the board has urged…

Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial

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Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private…

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

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