For Beijing, it’s not so much about replacing the greenback within the current system but creating an entirely separate alternative By Henry Johnston, an RT editor. He worked for over a…
dollar sign(Farm Journal) By PRO FARMER EDITORS Several major emerging economies are increasingly trading commodities without using the U.S. dollar, aiming to reduce their reliance on the American currency, the Wall…
US one hundred dollar bill on fire he UAE just stopped transacting oil in U.S. dollars. BRICS now controls most of the world’s nuclear arsenals, oil and precious metals &…
© AFP 2023 / ALI AL-SAADI Subscribe TEHRAN (Sputnik) – Iran and Russia will sign a deal to trade in their national currencies instead of the US dollar in the first quarter…
As of this writing, US dollar reserves have fallen by 6.5% as foreign central banks cut ties with the currency. The BRICS countries, especially those in the global South, are…
Source: Reuters In a continuation of the bloc’s overarching de-dollarization efforts, BRICS members Russia and South Africa had ditched the US Dollar in a landmark $265 oil deal. Indeed, reports have…
The Bank of China Hong Kong, the second largest bank in the region, has completed its first cross-border digital yuan-based trade. The transaction, finalized with its sibling bank, the Bank…
Moscow and Beijing have switched to settlements in national currencies, according to the Russian PM © Getty Images / alptraum Western currencies have almost been completely phased out in Russia-China trade, as…
Greetings, WE INVITE YOU ALL TO JOIN US TOMORROW ON “THE STAR & CRESCENT REPORT” BLOG TALK RADIO SHOW AS WE SOAR ON THE AIRWAVES TEACHING DIVINE TRUTH THAT HAS…
Source: xinhuanet.com BRICS member China could use the Belt and Road Initiative (BRI) to advance the Chinese Yuan and diminish the USD. For the uninitiated, China launched the Belt and…
CC0 / / Subscribe Ekaterina Blinova All materialsWrite to the author The price of gold soared over $2,100 per troy ounce on Monday, reaching an all-time high. What signal does this…
Zambia is a major copper producer and much of it goes to ChinaZambia has faced delays in restructuring its external debt Have a confidential tip for our reporters? Get in TouchBefore…
Mutual transactions in national currencies have quadrupled in 2023, VTB bank executive says © Getty Images / Pavel Lvov Trade settlements in national currencies between Russia and Vietnam have skyrocketed this year,…
Western restrictions imposed on Moscow have boosted the Chinese currency, Oleg Deripaska claims © Getty Images / Bloomberg Creative The share of Chinese yuan in global payments has nearly doubled because of…
The West has destroyed free global competition and the immunity of property, Russia’s foreign minister says © Getty Images / CHUNYIP WONG The US is using the dollar to unleash trade…
The West has destroyed free global competition and the immunity of property, Russia’s foreign minister says © Getty Images / CHUNYIP WONG The US is using the dollar to unleash trade…
The two countries will switch to national currencies in trade, the Venezuelan foreign minister has announced Russian Foreign Minister Sergey Lavrov (R) and his Venezuelan counterpart Yvan Gil Pinto are…
Washington will soon be unable to service its growing national debt, Dmitry Peskov has said © Mark Wilson/Getty Images The US national debt has risen so high that Washington will no…
By Song Lin Chinese yuan Photo:VCGThe People’s Bank of China (PBC), the country’s central bank, released its 2023 Yuan Internationalization Report on Friday. Among a series of forthcoming measures, the…
Internationalization of Chinese currency gains momentum amid de-dollarization By Zhang Hongpei RMB Photo:VCGState-run Industrial and Commercial Bank of China (ICBC) has opened a yuan-clearing bank in Pakistan, the latest example of…
Six more nations are expected to join the group in January 2024 © Global Look Press / Cfoto The five current members of the BRICS group increased trade by 56% from 2017…
© AP Photo / Ng Han Guan Subscribe Ekaterina Blinova All materialsWrite to the author China has begun to conduct cross-border crude oil settlements in digital yuan. The China National…
Vinod Dsouza Source: Fortune.com The BRICS alliance is indulging in massive sell-off by offloading billions worth of US treasuries and stocks. China is on a US Treasury dumping spree as…
Vinod DsouzaOctober 22, 2023 Source: geopoliticaleconomy.com A total of 45 countries had expressed their interest to join BRICS before the 15th summit in Johannesburg in August. In a historic move,…
Sanctions on Russia have forced countries to shift to other currencies, the billionaire says Elon Musk. © Drew Angerer/Getty Images The United States has “overplayed” its hand in “weaponizing” the dollar with sanctions, pushing more countries…
The currency has even reportedly been used as a means of payment with the UK, US, and EU 2551458 12/27/2014 Chinese 100, 50, 20, 10 and 5 yuan bills and…
The modern financial system only serves the interest of the elites, according to the Russian president Russian President Vladimir Putin. © Sputnik/Vladimir Astapkovich The global economic system is structured to serve the…
Moscow and its trade partners should switch to transactions in national currencies, Andrey Kostin believes VTB Bank CEO Andrey Kostin © Sputnik/Evgeny Biyatov Russia should abandon the use of the Western-controlled global…
© AFP 2023 / KHALED DESOUKI Subscribe International India Africa Oleg Burunov All materialsWrite to the author Leaders of the BRICS countries reiterated their calls to evade the dollar and create a…