T.H.E.M.
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T.H.E.M.
¨We believe in justice for all, whether in God or not; we believe as others, that we are due equal justice as human beings.¨
Brazil calls for common South American currency
President Lula of Brazil is expected to push for greater regional integration at the summit. PHOTO BY: AFP/DOUGLAS MAGNO Leaders of 12 Latin American countries have held a summit in…
The US dollar was ‘used to attack Russia’ – minister
Moscow has been forced to seek reliable alternatives for settlements with foreign partners, Anton Siluanov has said © Getty Images / Savushkin Russia never intended to ditch the US dollar in trade,…
ASEAN Pushing Itself Away from the US
In the 42nd ASEAN summit held in Indonesia in May, the group decided to “not become a proxy for anyone.” This was with reference to the increasing pressure the group on the whole…
New BRICS Currency May Prevent Imposition of US Laws in Other Countries
© Wu Hong Subscribe International India Africa Andrei Dergalin All materialsWrite to the author As the United States ramps up its attempts to punish countries it does not like through…
BRICS to meet in Cape Town, Putin to attend
Flags of the nations that belong to the BRICS External (Brazil, Russia, India, China, and South Africa) group in a typographic illustration. Image courtesy of Pixabay External. The five foreign…
Argentina to join BRICS bank – media
The formal announcement will reportedly be made in August © Zhao Yun/VCG via Getty Images Argentina is one step away from joining the New Development Bank (NDB) of the BRICS group…
Trade in National Currencies to Have ‘Healing Effect’ on Global Economy – Lavrov
© Russian Foreign Ministry’s press-service / Go to the mediabank Subscribe International India Africa NAIROBI (Sputnik) – A transition to transactions between countries in national currencies will have a “healing…
Brazilian President Calls for Creation of Common Currency for South American Trade
© AP Photo / Mark Lennihan Subscribe International India Africa RIO DE JANEIRO/BUENOS AIRES (Sputnik) – Brazilian President Luiz Inacio Lula da Silva on Tuesday put forward a proposition to…
Building BRICS of New World Order: Saudi Push to Join BRICS Bank Will Benefit Kingdom, World
© AP Photo / Wu Hong Subscribe International India Africa Riyadh has made a concerted push away from US-led global power structures in recent months, normalizing ties with Iran and…
UnionPay overtakes Visa in global debit card transactions – Nilson Report
The Chinese payment system has benefited from its expansion in Russia after US rivals left, research shows © Getty Images / pengpeng Chinese payment system UnionPay has overtaken rival Visa on the…
Tehran summit discusses substitutes for US dollar– Asian Clearing Union to launch banking system to rival SWIFT
Members of the Asian Clearing Union (ACU), a regional banking bloc that seeks easier clearing of payments between its member states, have agreed to launch a system that will rival…
VTB Chairman: Yuan to Replace Dollar as Main Reserve Currency in Future
© AFP 2023 / STR Subscribe International India Africa Earlier, Russian Deputy Foreign Minister Andrei Rudenko said that the share of national currencies in settlements between Russia and China has been growing…
Iran & Indonesia agree to trade in local currencies to defuse dollar dominance
Iranian President Ebrahim Raeisi (L) and his Indonesian counterpart Joko Widodo address a joint press conference in Jakarta, Indonesia, on May 23, 2023. (Photo by president.ir) President Ebrahim Raeisi says…
Emerging Market Investors Dump Dollar-Denominated Debt as Currency Continues Global Decline
CC0 / / Subscribe International India Africa Ilya Tsukanov All materialsWrite to the author The United States is facing what is shaping up to be a perfect storm of economic bad…
Use of euro in global payments shrinking – Bloomberg
SWIFT cross-border transactions in the single currency have nosedived to three-year lows © Getty Images / Johner Images The use of the euro for international settlements declined to its lowest level in…
Russians encouraged to ditch dollar for gold
The government had previously scrapped a tax on bullion purchases © Getty Images / Hans-Peter Merten Gold ingots of up to 20 grams may now be purchased on the Moscow Mint website,…
Zimbabwe defies IMF with gold-backed cryptocurrency
The $40 million offer is meant to expand value-preserving instruments available in the economy, according to the country’s central bank © Jekesai NJIKIZANA / AFP The Reserve Bank of Zimbabwe has…
Indonesian state firms cutting ties with Visa and Mastercard – official
A domestic card will be used for budget spending free of charge, a banking executive has said © Getty Images/Fadil Aziz The Bank of Indonesia (BI) has launched a domestic card…
BRICS nation wants discussion on common currency – Bloomberg
South Africa’s foreign minister says the bloc must carefully discuss the idea South Africa’s minister of international relations and cooperation Naledi Pandor. © Danielle Karallis/Foto24/Gallo Images/Getty Images The BRICS group of nations…
The signs of de-dollarization are everywhere
The major global economies are shifting and the clues are there for those who know where to look By Dr. Radhika Desai, a professor at the Department of Political Studies at the…
Pakistan switching to yuan to buy Russian oil – media
The nations agreed a major oil deal earlier this year © Getty Images / David Waller / 500px Pakistan is likely to pay for shipments of crude oil from Russia in Chinese…
Another Step In Dethroning the US Dollar: Russian, Thai Businesses to Benefit From Transactions in National Currencies – Official
© Photo : Ministry of the Russian Federation for the Development of the Far East and the Arctic Subscribe International India Africa MOSCOW (Sputnik) – Russian and Thai businesses are asking…
Multipolarity, global movement have ended US dollar dominance: Activist
A worldwide movement gaining momentum and the transition towards the multipolar world has put an end to the dominance of the US dollar, says a US-based activist. Richard Becker, an anti-war activist…
Argentina drops dollar in trade with China
Buenos Aires will pay for imports in yuan, after signing a currency swap deal with Beijing FILE PHOTO © Chinatopix via AP Argentina will aim to pay for the bulk of its…
The dollar falls behind the yuan for the first time in Chinese cross-border transactions
Filip De Mott The yuan overtook the dollar as the most used currency for Chinese cross-border transactions.Its use in cross-border payments and receipts increased to 48% versus 47% for the…
De-Dollarization Is Happening at a ‘Stunning’ Pace, Jen Says
Story by Matthew Burgess (Bloomberg) — The dollar is losing its reserve status at a faster pace than generally accepted as many analysts have failed to account for last year’s…
Inevitable De-Dollarization: Which Countries Are Moving Away From Greenback?
© AFP 2023 / FRED DUFOUR Subscribe International India Africa Oleg Burunov All materialsWrite to the author The trend of cutting dependence on the US dollar and switching to national means of…