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(Dollar collapse)Russians embrace precious metals: Sberbank sold 89 tonnes of silver and 7 tonnes of gold in 2022

(Dollar collapse)Russians embrace precious metals: Sberbank sold 89 tonnes of silver and 7 tonnes of gold in 2022

Anna Golubova Russia’s largest lender Sberbank sold 100 tonnes of precious metals, and 89 tonnes of that was silver. Sberbank customers have opened 300,000 new unallocated metal accounts between January…

Chinese yuan becomes most traded foreign currency on the Moscow Exchange, surpasses the US dollar: report

Chinese yuan becomes most traded foreign currency on the Moscow Exchange, surpasses the US dollar: report

Renminbi Photo: VCGThe Chinese yuan became the most traded currency on the Moscow Exchange for the first time on Monday, with trading turnover in the yuan-ruble pair reaching 70.3 billion…

BRICS holds talks on reserve currency – diplomat

BRICS holds talks on reserve currency – diplomat

The group is reportedly set to develop alternative payment mechanisms to shift away from the US dollar and euro © Getty Images / Akapong Osotsil / EyeEm The BRICS countries are working…

China Offers Huge Discount to Indian Businesses if They Settle Their Russian Transactions in Yuan

China Offers Huge Discount to Indian Businesses if They Settle Their Russian Transactions in Yuan

© AFP 2022 / STR Rishikesh Kumar All materialsWrite to the author Exclusive Indian businesses switched to non-US dollar payments to secure lucrative deals with Russia. Following anti-Russia sanctions, many…

Putin accuses West of demanding ‘hegemon’s rent’ from humanity

Putin accuses West of demanding ‘hegemon’s rent’ from humanity

The world is being robbed “through the power of the dollar and the technological supremacy” of the West, the Russian president says FILE PHOTO. A dollar bill ©  Peter Dazeley via Getty…

Putin slams Western money printing

Putin slams Western money printing

Dollars and euros cannot be used to feed people, the Russian leader says ©  Sputnik / Mikhail Metzel Paper money printed up by Western nations will not heat homes or feed…

BRICS Countries Discussing Creation of Single Currency, Russian Ambassador Says

BRICS Countries Discussing Creation of Single Currency, Russian Ambassador Says

© Sputnik / Alexei Danichev / Go to the mediabank MOSCOW (Sputnik) – Brazil, Russia, India, China and South Africa (BRICS) are discussing the possibility of creating a single currency,…

Pakistan eyes ruble trade with Russia

Pakistan eyes ruble trade with Russia

Islamabad is reportedly aiming to get rid of the US dollar in economic cooperation with Moscow © Getty Images / picture alliance / Contributor The possibility of trading with Russia in rubles…

Turkish Banks Suspend Russia’s Mir System Under ‘Unprecedented’ US Pressure, Kremlin Says

Turkish Banks Suspend Russia’s Mir System Under ‘Unprecedented’ US Pressure, Kremlin Says

© Sputnik / Ramil Sitdikov MOSCOW (Sputnik) – Moscow considers the decision of Turkish state-owned banks to abandon the use of Russia’s payment system Mir as forced, as it was…

Unintended Consequences Of Illegal US Sanctions: Venezuela Hopes for Wider Use of Russian Ruble at Resorts – Foreign Minister

Unintended Consequences Of Illegal US Sanctions: Venezuela Hopes for Wider Use of Russian Ruble at Resorts – Foreign Minister

© Sputnik / Grigory Sysoev / Go to the mediabank UNITED NATIONS (Sputnik) – Venezuela welcomes the wider use of the ruble at its resorts and hopes that tourist flows…

China to BRICS: Resist decoupling in face of unilateral hegemony

China to BRICS: Resist decoupling in face of unilateral hegemony

Chinese State Councilor and Foreign Minister Wang Yi, second right, attends the meeting of the BRICS foreign minister in New York, the United States, September 22, 2022. (Photo by Xinhua)…

It seems nations small & large want out of the US dollar matrix: Nepal offers to trade in national currencies with Russia

It seems nations small & large want out of the US dollar matrix: Nepal offers to trade in national currencies with Russia

The country’s envoy says the mechanism should be similar to the one between Russia and India © Getty Images / Anadolu Agency Moscow and Kathmandu could create a mechanism for mutual settlements…

Russia’s SWIFT alternative spreads at record pace – central bank

Russia’s SWIFT alternative spreads at record pace – central bank

The SPFS now includes more than 100 foreign entities from 12 countries © Sputnik / Aleksei Malgavko Russia’s SPFS interbank messaging system has expanded at record pace this year, Alla Bakina, the…

China pushes for broader use of digital yuan, central bank says

China pushes for broader use of digital yuan, central bank says

By Global Times China’s central bank Photo: CFP China will push for the expanded use of the digital yuan from the first four trial cities — Shenzhen in South China’s…

They Don’t Have The Gold For This Takedown, All Eyes On The Dollar, Plus Collapsing Confidence

They Don’t Have The Gold For This Takedown, All Eyes On The Dollar, Plus Collapsing Confidence

September 19, 2022 They don’t have the gold for this takedown as all eyes remain watching the US dollar, plus collapsing confidence. They Don’t Have The Gold For This TakedownSeptember…

Putin explains how Russia and Turkey will bypass the dollar

Putin explains how Russia and Turkey will bypass the dollar

Moscow is eager to significantly strengthen trade ties with Ankara in all areas of interest © Getty Images / Anadolu Agency Russian gas supplies to Turkey will be partly paid for in…

US officials admit sanctions against Russia are ineffective, Yet they’re still doubling down on proven failed policy

US officials admit sanctions against Russia are ineffective, Yet they’re still doubling down on proven failed policy

US dollars and Euro bills are pictured on September 6, 2022 in Brest, western France. (Photo by AFP) US officials have admitted to the ineffectiveness of the sanctions slapped by…

Moscow unveils details of new gas pipeline to China

Moscow unveils details of new gas pipeline to China

The Soyuz Vostok project is expected to deliver 50 billion cubic meters of natural gas annually Gazprom is finalizing construction details of the Soyuz Vostok gas pipeline project with its Chinese and…

Russian Mir Payment Cards to Start Working in Cuba by End of 2022 – Cuban Tourism Minister

Russian Mir Payment Cards to Start Working in Cuba by End of 2022 – Cuban Tourism Minister

© AP Photo / Desmond Boylan MOSCOW (Sputnik) – Cuba will begin accepting Russia’s Mir payment cards by the end of the year, Minister of Tourism Juan Carlos Garcia Granda…

Non-dollar settlement in energy trade will break US hegemony

Non-dollar settlement in energy trade will break US hegemony

Illustration: Chen Xia/Global TimesAs the US Federal Reserve’s monetary tightening policy is set to wreak havoc and cause shocks across the global economy, there is increasing urgency for China, Russia,…

Russian corporates fleeing the dollar

Russian corporates fleeing the dollar

Sber says the foreign-currency deposits of its biggest clients are down 94% © Getty Images / Jed Share Russia’s biggest bank has recorded a 17-fold decrease in foreign-currency savings on the balance…

Gazprom to Shift Gas Sales to China to Rubles, Yuan From Euro

Gazprom to Shift Gas Sales to China to Rubles, Yuan From Euro

Gas giant also plans to move 25% of sales to Turkey to rublesKremlin seeking to move trade out of ‘unfriendly’ currencies Bloomberg News Gazprom PJSC said it will shift its contract…

Everyone is opting out of the Dollar system- Nicaragua may join Russian payment system

Everyone is opting out of the Dollar system- Nicaragua may join Russian payment system

The Central American country may allow the use of Mir cards on its territory, TASS reports, citing the finance ministry ©  RIA/Ilya Naimushin Nicaragua is ready to explore the use of…

Business Council Chairman: ASEAN Focused on Russian Energy Supplies, Hi-Tech Cooperation is Possible….Meaning more trade outside the dollar/Euro

Business Council Chairman: ASEAN Focused on Russian Energy Supplies, Hi-Tech Cooperation is Possible….Meaning more trade outside the dollar/Euro

© Sputnik The Eastern Economic Forum has become a key platform for discussing pressing issues involving cooperation between Russia’s Far Eastern regions and members of the Association of Southeast Asian…

More US Dollar displacement is in the offing as Egypt to allow ruble payments – travel giant

More US Dollar displacement is in the offing as Egypt to allow ruble payments – travel giant

Cairo reportedly hopes the move could help boost its tourism sector © Getty Images / Eugene Gametzky / EyeEm The Russian ruble may be included in a list of currencies accepted for…

Dollar’s fate in Russia revealed

Dollar’s fate in Russia revealed

Deputy Economy Minister Ilya Torosov expects de-dollarization to only intensify © Getty Images / Ilkay Dede / EyeEm Trading volumes in the currencies of “friendly nations” will multiply in the near future, according to…

Putin: Russia’s Gazprom, China’s CNPC to Make Gas Payments in Rubles, Yuan in 50/50 Ratio

Putin: Russia’s Gazprom, China’s CNPC to Make Gas Payments in Rubles, Yuan in 50/50 Ratio

© Sputnik / Alexandr Demyanchuk / Go to the mediabank MOSCOW (Sputnik) – Russia’s Gazprom and China’s CNPC have agreed to make payments for gas supplies in rubles and yuan…

This trade will be done outside the US dollar/ Euro: Iran looks to boost trade with Russia

This trade will be done outside the US dollar/ Euro: Iran looks to boost trade with Russia

Trade turnover is expected to grow due to Tehran’s efforts to ramp-up exports © Getty Images / Kaveh Kazemi Tehran’s efforts to boost exports to Russia should help trade turnover between the…

Russia’s Gazprom to settle gas exports to China, using ruble, yuan, instead of dollar

Russia’s Gazprom to settle gas exports to China, using ruble, yuan, instead of dollar

Yuan, ruble to supplant dollar as gas settlement currency: Gazprom By Qi Xijia    The logo of Russia’s energy giant Gazprom is pictured at one of its petrol stations in Moscow…

US sanctions are imposed too frequently and are backfiring against the dollar

US sanctions are imposed too frequently and are backfiring against the dollar