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Yuan displacing dollar on Moscow Exchange

Yuan displacing dollar on Moscow Exchange

The Chinese currency now has the largest share by volume in forex trading © Getty Images / SOPA Images The share of the Chinese yuan on the Moscow Exchange (MOEX) hit an…

De-dollarization gaining momentum fast: Chinese diplomat

De-dollarization gaining momentum fast: Chinese diplomat

The photo published on April 10, 2023 shows China’s ambassador to Iran Chang Hua in an interview with Tasnim news agency. China’s top diplomat in Iran says efforts by developing…

US itself is accelerating the de-dollarization process

US itself is accelerating the de-dollarization process

The US is exploiting the world through abusing its dollar hegemony and is using such power as a political tool to impose sanctions on other countries at will; the American…

China Expands Gold Reserves at Central Bank For Fifth Month(In Preparations For Conflict With The US)

China Expands Gold Reserves at Central Bank For Fifth Month(In Preparations For Conflict With The US)

Holdings at People’s Bank rise to more than 2,000 tonsPrecious metal hit its highest in more than a year this week ByBloomberg China boosted its gold reserves for a fifth…

Weaponizing Dollar Boomeranged on US, Says French Analyst

Weaponizing Dollar Boomeranged on US, Says French Analyst

© Sputnik / Nina Zotina Subscribe International India Africa Over the past decades, countries worldwide have become more willing to reject dollar transactions in their foreign trade settlements. Russia has…

The Death Of The Dollar Is Coming Sooner Than Expected – When It Happens Expect Bank Runs And Closures, Food Scarcity, Riots, High Unemployment, And Hyper-Inflation

The Death Of The Dollar Is Coming Sooner Than Expected – When It Happens Expect Bank Runs And Closures, Food Scarcity, Riots, High Unemployment, And Hyper-Inflation

By Susan Duclos – All News PipeLine The U.S. dollar’s stint as the world’s reserve currency is coming to an end. it is not a matter of if, but of when,…

The Petrodollar’s Last Days: What You Need to Know Before It’s Too Late

The Petrodollar’s Last Days: What You Need to Know Before It’s Too Late

US one hundred dollar bill on fire The Petrodollar’s Last Days: What You Need to Know Before It’s Too Late…

De-dollarization inevitable as use of other currencies accelerates

De-dollarization inevitable as use of other currencies accelerates

Illustration: Chen Xia/Global TimesChina and Brazil have reached a deal to trade in their currencies, the AFP reported, citing the Brazilian government on Wednesday. The deal will allow China and…

US Dollar LOST 86% Of Its Value & Continues To Lose Its Global Hegemony To Chinese Yuan

US Dollar LOST 86% Of Its Value & Continues To Lose Its Global Hegemony To Chinese Yuan

ASEAN finance ministers consider ditching US dollar, euro for financial transactions

ASEAN finance ministers consider ditching US dollar, euro for financial transactions

ASEAN and BRICS consider ditching the US dollar and euro for financial transactions. (File photo) Finance ministers and central bank governors from the Association of Southeast Asian Nations (ASEAN) have…

Not By Yuan Alone: Whole Set of National Currencies To Deep-Six US Dollar Dominance

Not By Yuan Alone: Whole Set of National Currencies To Deep-Six US Dollar Dominance

© Sputnik / Nina Zotina Ekaterina Blinova All materialsWrite to the author The internalization of China’s yuan is gaining momentum as Russia is set to use the currency in settlements…

China, Brazil Strike Blow Against Dollar Through Bilateral Trade

China, Brazil Strike Blow Against Dollar Through Bilateral Trade

© AFP 2023 / STR / China and Brazil are moving to a new level of bilateral trade. China has made a strong move to increase its economic influence in Latin America.…

BRICS Working on New Form of Currency – State Duma Deputy Chairman

BRICS Working on New Form of Currency – State Duma Deputy Chairman

6 hours ago © AP Photo / Kin Cheung NEW DELHI (Sputnik) – The BRICS countries are working on creating a new form of currency and may present ideas on…

Fyodor Lukyanov: Here’s the real reason why Russia and China want to replace the US-led international order

Fyodor Lukyanov: Here’s the real reason why Russia and China want to replace the US-led international order

The two powers share the same goal, but circumstance dictates they have to take different roads to make it happen By Fyodor Lukyanov, the editor-in-chief of Russia in Global Affairs, chairman of…

Russia ready to switch to yuan in foreign trade – Putin Russia ready to switch to yuan in foreign trade – Putin

Russia ready to switch to yuan in foreign trade – Putin Russia ready to switch to yuan in foreign trade – Putin

Settlements between Moscow and Beijing are already carried out mostly in national currencies, the Russian president says ©  China Photos/Getty Images Russia is ready to increase settlements in yuan in its…

China dumping American debt – US Treasury data

China dumping American debt – US Treasury data

Beijing’s holdings of securities have dropped to their lowest since May 2009 © Getty Images / PM Images China has continued to slash its holdings of US treasury securities amid the growing…

Zimbabwe poised to ditch dollar in trade with Russia – official

Zimbabwe poised to ditch dollar in trade with Russia – official

Settlements between the countries could be arranged in local currencies or gold, a senior lawmaker has suggested ©  Getty Images / Waldo Swiegers / Bloomberg The central banks of Russia and…

US dollar slides amid banking turmoil

US dollar slides amid banking turmoil

Markets expect a pause in rate hikes, while regulators deal with the aftermath of bank failures © Getty Images / PM Images The US dollar index, which measures the greenback against six…

G20 Roundup: New Payment Systems, Supply Chains Will Weaken West’s Grip on Global South

G20 Roundup: New Payment Systems, Supply Chains Will Weaken West’s Grip on Global South

© AFP 2023 / ARUN SANKAR Ilya Tsukanov All materialsWrite to the author Officials from the world’s 20 largest economies met in Delhi, India Thursday for the second and final day of…

US dollar to lose global dominance – Putin

US dollar to lose global dominance – Putin

The Russian president says Moscow will cooperate with its partners to develop a safe system for international settlements © Getty Images / Ozgur Donmaz The US and other Western currencies will inevitably…

Russia and Africa to benefit from direct trade – economist to RT

Russia and Africa to benefit from direct trade – economist to RT

The Kremlin should facilitate business ties with African countries, bypassing middlemen, according to a Russian academic © Getty Images / Tuul & Bruno Morandi Russia should work on strengthening ties with African…

Russia should ditch dollar in trade with African countries – economist to RT

Russia should ditch dollar in trade with African countries – economist to RT

Settlements in national currencies are key to boosting commerce, an African studies professor says © Getty Images / blackred Western sanctions have prompted Russia to develop stronger economic ties with African countries,…

Dollar crash coming – Robert Kiyosaki

Dollar crash coming – Robert Kiyosaki

By 2025, faith in the greenback will be destroyed, the author claims © Getty Images / sbayram Famed writer and economist Robert Kiyosaki has warned investors that the stock markets are about…

Russia and Bolivia to trade in national currencies – envoy

Russia and Bolivia to trade in national currencies – envoy

The agreement will make it easier for both countries to conduct business, the Russian ambassador says © Getty Images / Jeff Mccollough / EyeEm Moscow and La Paz have agreed to start…

Saudi Arabia keen to join BRICS and SCO – envoy

Saudi Arabia keen to join BRICS and SCO – envoy

Moscow’s Ambassador to the kingdom says Riyadh is looking to diversify its foreign policy © Getty Images / Mawardi Bahar / EyeEm Saudi Arabia is interested in joining the BRICS group of…

Türkiye and Russia developing new payment system – diplomat

Türkiye and Russia developing new payment system – diplomat

An alternative to Russia’s Mir could be developed by summer, an ambassador announced ©  Getty Images/Westend61 Moscow and Ankara are working on an alternative to replace the Russian payment system Mir…

Russia and Iran to boost transactions in national currencies – official

Russia and Iran to boost transactions in national currencies – official

Economic cooperation between the two countries has been gaining momentum, according to the Russian Foreign Ministry © Getty Images / Ali Mohammadi/Bloomberg Moscow and Tehran intend to further increase the share of…

Russia to dump euro from rainy-day fund – Finance Ministry

Russia to dump euro from rainy-day fund – Finance Ministry

The key national reserve will only hold gold, Chinese yuan and the ruble © Getty Images / Matthias Kulka The share of the euro in Russia’s National Wealth Fund (NWF) will be…

Russia to remove euro, only keeps yuan and gold in National Wealth Fund

Russia to remove euro, only keeps yuan and gold in National Wealth Fund

Russia’s finance ministry said will reset the share of euro in its National Wealth Fund (NWF) starting from this year, leaving only gold, Chinese yuan and rubles, Russian media reported…

‘Doctor Doom’ predicts end of US dollar’s reign

‘Doctor Doom’ predicts end of US dollar’s reign

A bipolar currency regime is likely to replace the current greenback-based unipolar system, famed economist Nouriel Roubini believes © Getty Images / rubberball The US dollar’s status as the world’s main reserve…