Search Results for: Central Bank of Brazil

Latam Insights: Bolivija razmišlja o kitajskih juanih za trgovinske poravnave, Steve Hanke predlaga 30-dnevno rešitev za venezuelsko inflacijo

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Dobrodošli v Latam Insights, zbirko najpomembnejših novic o kripto in gospodarskem razvoju iz Latinske Amerike v zadnjem tednu. V tej številki, Bolivija razmišlja o uporabi kitajskega juana v mednarodnih trgovinskih poravnavah, inflacija doseže 108.8% v Argentini, in…

10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies

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The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malezija, Myanmar, Philippines, Singapur,…

Nigeria-China Currency Swap: Activist Lawyer Accuses IMF and World Bank of ‘Economic Sabotage’ to Promote US Dollar, Urges Nigeria to Join BRICS

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Nigerian human rights activist and lawyer, Femi Falana, has accused the International Monetary Fund (IMF) and the World Bank (WB) of sabotaging the currency swap arrangement between China and Nigeria. Falana said the Nigerian central bank and the two global financial…

BRICS Currency Will Erode US Dollar’s Dominance, Former White House Economist Warns

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Former White House economist Joseph Sullivan has warned that a BRICS currency would erode the U.S. dollar’s dominance. If member nations use only a common BRICS currency for international trade, “they would remove an impediment that now thwarts their efforts to…

BRICS De-Dollarization Push, Kitajska, and Crypto Threaten US Dollar’s Dominance: Analyst

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Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that China…

Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions

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Analysts have begun considering using a future BRICS currency to sidestep U.S. sanctions and the dollar’s influence in international markets. While the rise of the U.S. dollar was significant to spur an era of economic growth after World War II, the…

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…

Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain

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According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform elected for the tests, will allow the…

Gold Bug Schiff pravi, da so meseci padajoče inflacije v ogledalu,' Porast kripto sredstev AI, in več — pregled tedna

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Economist and gold enthusiast Peter Schiff has said that the U.S. Fed may have to fight a “complete economic collapse” and be faced with more to worry about than the current battle against inflation. Druge novice, artificial intelligence (AI) crypto…

Strokovnjak napoveduje grozeči gospodarski zlom, ko se države BRICS združijo proti dolarju

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Andy Schectman, Izvršni direktor Miles Franklin Precious Metals Investments, je v nedavnem intervjuju pojasnil, da je pet vodilnih gospodarstev v vzponu – Brazilija, Rusija, Indija, Kitajska, in Južno Afriko, skupaj znane kot države BRICS—so “združevanje proti dolarju.” Schectman meni, da od 2022, de-dollarization…