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Us Dollar
05/31/2024
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By Cassie B.
Thailand announces intention to join BRICS, accelerating dollar’s demise
Thailand has announced its intention to become a member of the BRICS economic bloc in a move that could accelerate the demise of the U.S. dollar. This is according to Thai government spokesman Chai Wacharonke, who said in a statement that the country’s cabinet in Bangkok has now given the go-ahead to an official letter […]
04/11/2024
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By Richard Brown
Chinese renminbi replacing the U.S. dollar as most traded currency in Russia’s foreign exchange market
The Central Bank of Russia has just released a financial risk review noting how trading in the Chinese renminbi reached a historic high in March. This surge in yuan usage comes as part of Russia’s ongoing shift away from major Western currencies, spurred by sanctions imposed by the United States and the European Union over […]
03/06/2024
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By News Editors
BRICS to create blockchain-based payment system – Putin aide
The measure would be in line with the group’s plans to cut reliance on Western currencies and financial mechanisms. The BRICS group of emerging economies plans to create a payment system based on digital technologies, Yury Ushakov, a senior foreign policy aide to Russian President Vladimir Putin, has told TASS in an interview published on […]
03/04/2024
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By News Editors
Schizophrenic world order: The West is willing to destroy its financial system to punish Russia
US Treasury Secretary Janet Yellen has become the latest to add her voice to the growing chorus of Western officials calling for the seizure of Russia’s $300 billion in frozen foreign-exchange reserves for the benefit of Ukraine. This comes after UK Prime Minister Rishi Sunak penned an op-ed over the weekend in which he called […]
02/19/2024
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By Richard Brown
DEDOLLARIZATION IN MOTION: Egypt moves against U.S. dollar, seeks trade settlements with BRICS states
Egypt is actively pursuing negotiations to decrease reliance on the U.S. dollar for trade settlements with other BRICS states, according to the country’s Ministry of Foreign Affairs. The decision to embrace national currencies is driven by the need to counteract rising costs associated with using foreign currencies due to global inflation. Ragy El Etreby, Egypt’s […]
02/16/2024
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By Cassie B.
BRICS and EAEU trade blocs are accelerating the demise of the dollar
The shift away from the U.S. dollar as the dominant currency on the world stage continues in full force, with BRICS and EAEU headed toward full dedollarization. Russian Prime Minister Mikhail Mishustin revealed that the share of national currencies in the mutual settlements for the countries making up the Eurasian Economic Union (EAEU) is now […]
01/09/2024
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By News Editors
Morgan Stanley DOWNGRADES U.S. dollar rating — bad times ahead?
We’ve been warning about this for several months… (Article by Noah republished from WLTReport.com) Always nice to be ahead of the curve, even ahead of a financial institution like Morgan Stanley. We’ve been warning you the U.S. dollar is in a very bad spot… We’ve been telling you about the oncoming BRICS nations…. Bo Polny and I just discussed […]
11/06/2023
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By Ethan Huff
Russia announces updates on new BRICS currency to counter U.S. dollar – it could be ready for launch by next summer
By this time next year, the new BRICS currency should be ready, which means the days of United States dollar dominance are numbered. At the recent 15th BRICS summit, Sergey Glazyev, Russia’s former advisor to the president and economist-turned-politician, announced that the formation of the upcoming BRICS currency is almost complete. Along with other recent […]
10/26/2023
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By Ethan Huff
China completes first ever digital YUAN purchase for cross-border oil transaction as global DE-DOLLARIZATION accelerates
The Shanghai Petroleum and Natural Gas Exchange (SHPGX) just completed its first ever cross-border transaction for oil in digital yuan rather than the petrodollar. Chinese financial news outlet Yicai was the first to report that PetroChina International purchased one million barrels of crude oil using digital yuan, this being the first time an overseas oil […]
10/09/2023
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By Richard Brown
Iraq to BAN cash withdrawals and transactions in U.S. dollars starting next year
The Iraqi government will ban all cash withdrawals and transactions in U.S. dollar starting Jan. 1, 2024. Mazen Ahmed, director-general of investment and remittances at the Central Bank of Iraq (CBI), said people who deposit dollars into banks before the end of 2023 will still be able to withdraw these funds in dollars next year. However, […]
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