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T.H.E.M.
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Iran launches Russian ruble trade
The country’s foreign currency exchange starts trading in the rial-ruble currency pair © Getty Images / Mitra Samavaki Iran’s official foreign currency exchange has listed the Russian currency and launched…
China dumping American debt – US Treasury data
Beijing’s holdings of US securities have dropped by nearly $100 billion in six months © R J McDiarmid China’s holdings of US treasury securities dropped below $1 trillion in May for…
World needs to be vigilant about crisis triggered by strong dollar
File photo:XinhuaThe Indian rupee dropped to as low as 80.06 per dollar on Tuesday, marking a new record low, as foreign investors reportedly sold nearly $30 billion of the nation’s…
Kremlin: Russia and Iran May Ditch Dollar When Measuring Bilateral Trade Volume
Evgeny Mikhaylov All materialsWrite to the author According to Moscow, the two countries may soon strike a comprehensive treaty on cooperation, since Russia and the Islamic Republic are boosting…
Chinese yuan resilient due to solid fundamentals, as major currencies plunge against US dollar
Strong fundamentals support investors’ faith in China: economist By GT staff reporters Renminbi Photo: VCG As global major currencies, notably the euro, have weakened sharply against the US dollar amid…
Russian Blockchain-Based Analog of SWIFT Ready for Testing
© Sputnik / Alexey Filippov / Go to the photo bank MOSCOW (Sputnik) – A pilot version of Russia’s blockchain-based SWIFT analog is ready for testing and can be used…
Russia Considers Switching Payments for Grain to Rubles – Foreign Ministry
© Sputnik / Vladimir Trefilov / Go to the photo bank MOSCOW (Sputnik) – Moscow is considering switching payments for its grain exports to rubles to protect the Russian business…
More dollar problems as Australian iron ore supplier embraces Chinese market with yuan settlement
The vessel Vittoria loaded with iron ore from a mine in Western Australia arrives at Rizhao port, China’s major iron ore trading port, on Sunday, two-weeks after departing Port Hedland.…
Paper Gold Price Manipulation—Rigged to Fail
By Matthew Piepenburg The current and open fraud regarding the paper gold price in the COMEX market is now as plain to see as the open desperation in the global financial…
Putin, Erdogan Discuss Trade in National Currencies, Uninterrupted Energy Supplies Ahead of Summit
© Sputnik / Aleksey Nikolskyi / Go to the photo bank MOSCOW (Sputnik) – Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan spoke by phone ahead of the…
America’s irrational policies are pushing nations to do business outside of dollar trade as Iran will soon execute banking deals with Russia: Chief banker
Central Bank of Iran Governor Ali Salehabadi Central Bank of Iran (CBI) Governor Ali Salehabadi says a series of major banking agreements reached between Iran and Russia, including those concerning…
The War in Ukraine Marks the End of the American Century. “What’s Left is a Steaming Pile of Dollar Denominated Debt”
By Mike Whitney Global Research “The ferocity of the confrontation in Ukraine shows that we’re talking about much more than the fate of the regime in Kiev. The architecture of the…
Bye bye Euro & Dollar payments, Russia introduces new payment rules for grain exports
Only “friendly” nations will receive supplies which are to be paid for in rubles © Getty Images / Georgy Rozov Russia has started selling grain abroad in domestic currency and to “friendly”…
African country eyes gold currency
Zimbabwe’s central bank announces gold coins as inflation approaches 200% FILE PHOTO © AP / Eric Gay Seeking to curb inflation that reached 191% in June, the central bank of Zimbabwe announced…
Geopolitical Bombshell: Saudi Arabia in Discussion with China to Join BRICS+ Coalition. What Impacts on the Energy Market and the Global Economy?
By Sundance Global Research, The Last Refuge It is very curious timing in this article from Newsweek, containing massive geopolitical implications, using identified Saudi Arabia sources, would come in advance of Joe…
Russia’s anti hegemonic de-dollarization continues as now Russia will no longer accept Euros or dollars & demands rubles for grain exports
Moscow has expanded the list of commodities that must be paid for in Russian currency © Getty Images / Alexander Nedviga / 500px The Russian government has added grain, sunflower oil and…
Russia likely to increase Chinese yuan holdings amid Western sanctions: analysts
By Ma Jingjing Russian ruble banknotes are seen with the U.S. dollars in the backdrop on March 2, 2021.(Photo: Xinhua)Russia will likely continue to add the Chinese yuan to its…
More cracks are starting to show in US Dollar dominated system as Indian cement factory’s trade settlement using yuan welcomed
RMB Photo:VCG Indian company UltraTech Cement is reportedly using the Chinese yuan to settle payments with a Russian business partner, a move hailed by Chinese experts as boosting the yuan’s…
China is building a yuan currency reserve to compete with the dollar and prop up other economies facing volatility
Phil Rosen Vladimir PutinPresident of Russia Chinese President Xi Jinping.Xie Huanchi/Xinhua via Getty Images The People’s Bank of China announced it’s developing a yuan reserve with five other nations.Five nations…
Prof: China’s Yuan Pooling Scheme to Erode US Dollar Hegemony & Open Door to New Currency Zones
© AFP 2022 / FRED DUFOUR Ekaterina Blinova All materialsWrite to the author The People’s Bank of China (PBOC) and Switzerland-based Bank for International Settlements (BIS) signed the Renminbi Liquidity…
Blockage of Russian Bond Payments to Erode Dollar Dominance, French Economist Says
CC0 / / BRUSSELS (Sputnik) – Foreign holders of Russian Eurobonds could take the Americans and Europeans to court for blocking Russian interest payments, a fake “default” created illegally by the…
Russia names conditions for BRICS global reserve currency
More transactions in national currencies of member states are needed first, according to Moscow © Getty Images / Akapong Osotsil / A new international reserve currency based on the BRICS currency basket…
Russian lawmaker predicts fate of US dollar
Sanctions pursued by Washington are making the currency useless to Russia © Getty Images / Jed Share Russia will have no use for the US dollar in the foreseeable future, according to…
Breaking the stranglehold of Euro/Dollar payments, Russia pays sovereign debt in rubles
Interest payments on dollar-denominated bonds have been made in accordance with the new payment scheme © Getty Images / picture alliance / Contributor Russia’s Finance Ministry announced on Thursday it has settled…
Russian SWIFT replacement ready for BRICS – Putin
Financial institutions in Brazil, India, China and South Africa can be connected to SPFS © Sputnik / Alexey Filippov Russian President Vladimir Putin said on Wednesday that banks from BRICS nations can…
BRICS developing new global reserve currency – Putin
It will be based on a currency basket of the five-nation bloc, according to the Russian president © Getty Images / Jorg Greuel President Vladimir Putin said on Wednesday that the BRICS…
Russia, China seek new growth momentum at key economic forum amid US hegemony
BRICS expected to yield concrete measures in boosting trade with focus on local currency settlement By Chen Qingqing and Xu Yelu DOM RF CEO Vitaly Mutko, Oleg Skufinsky, Head of the Russian…
US Dollar Troubles Continue To Mount… Russia and Egypt to Switch to National Currencies in Mutual Settlements, Industry Minister Says
© Sputnik / Natalia Seliverstova / Go to the photo bank ST. PETERSBURG (Sputnik) – Moscow and Cairo will switch to mutual settlements in rubles and Egyptian pounds, Russian Trade…
US protectionism dulls global interest in dollar assets after steep rate hike
Chinese market becomes safe haven amid foreign economic volatility By Xie Jun and Xiong Xinyi Workers move boxes of food outside the New York Stock Exchange (NYSE) on June 16, 2022 in…