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

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

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

La Russie augmentera sa dépendance à l'égard des monnaies nationales dans le commerce de l'énergie, Vœux de s'éloigner du dollar américain

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, Monnaies numériques, Economist Jeffrey Sachs Says

Within the next decade, les Etats Unis. 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

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

La Banque de Russie va promouvoir le rouble numérique dans le commerce extérieur alors que le ministère des Finances fait pression pour l'option crypto

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

La Banque de Russie va piloter des règlements numériques en rouble en 2023

Russie’l'autorité monétaire a l'intention d'effectuer les premiers règlements avec le rouble numérique l'année prochaine, son gouverneur a annoncé cette semaine. S'adressant aux législateurs russes, the official highlighted the important role the new currency is going to play for Russia under sanctions….

La Chambre de commerce russe suggère d'utiliser des crypto-monnaies dans les règlements avec l'Afrique

Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries. Amid unprecedented sanctions limiting Russias ability to trade internationally, the head of the board has urged

Banques centrales de France, La Suisse et la BRI terminent l'essai CBDC transfrontalier

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

La Russie envisage de remplacer partiellement les réserves en dollars par des actifs numériques à l'avenir

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