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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…

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

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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

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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….

Ekspert ennustab ähvardavat majanduslangust, kui BRICS-riigid ühinevad dollari vastu

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Andy Schectman, Miles Franklin Precious Metals Investmentsi tegevjuht, selgitas hiljutises intervjuus, et viis juhtivat tärkava majandusega riiki – Brasiilia, Venemaa, India, Hiina, ja Lõuna-Aafrika, ühiselt tuntud kui BRICS-riigid “ühinemine dollari suhtes.” Schectman usub, et alates 2022, de-dollariseerimine…

IMF Warns Russia Sanctions Threaten to Undermine US Dollar Dominance

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Financial sanctions imposed on Russia over its invasion of Ukraine may result in reduced dominance of the U.S. valuuta, according to a high-ranking official at the International Monetary Fund (IMF). The confrontation could lead to fragmentation of the world’s current monetary…

Venemaa kaalub tulevikus dollarireservide osalist asendamist digitaalsete varadega

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Kestvate sanktsioonide keskel, Venemaa valitsus on töötanud selle riigi piiramise nimel’sõltuvus USA-st. dollarit. Seda ütleb nüüd välisministeerium’s possible to partially replace the greenback in currency reserves and trade settlements with other…