Search Results for: de-dollarization

Former President Donald Trump Likens US Losing Currency War Against China to America Losing a World War

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Former U.S. President Donald Trump has warned that the U.S. losing a currency war against China would be like America losing a world war. “We’ll be a second-tier country,” Trump cautioned, adding that the U.S. dollar is “what makes us powerful…

Brazil and China Deepen Trade Integration to Move Away From US Dollar, as First Yuan-Based Settlement Is Processed

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Brazil and China have reached a milestone in their economic integration, as the first bilateral settlement in Chinese yuan was completed ahead of the visit of President Luis Inacio “Lula” da Silva to China. The settlement, which was processed by the…

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…

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

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The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments…

Države BRICS se združujejo proti dolarju,' Večje banke napovedujejo več dvigov Feda, Bitcoin beleži velike bloke, ko ordinali pridobivajo valuto

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In spite of turbulence in traditional global finance, with BRICS nations said to be pushing for de-dollarization and major banks like Bank of America and Goldman Sachs predicting further interest rate hikes from the U.S. Državne rezerve, creativity in crypto has…

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…

Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied

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The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited…