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