1 / 5 Relevant items tagged with #Dedollarization

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China Eyes Faster De-Dollarization With SCO Leadership

[today 2:30 AM] China is turbocharging its de-dollarization push, leveraging its SCO presidency to expand national currency use, supercharge financial cooperation, and champion a bold Eurasian economic realignment. China to Use SCO Presidency to Expand National…

Russia Intensifies Drive to Replace US Dollar in Global Trade

[yesterday 2:30 AM] Russia accelerates the global de-dollarization drive with bold new push for national currencies and economic sovereignty in trade. Russia Ramps up Exit From Dollar-Dominated Trade System The global shift toward settling trade in national currencies…

US Dollar Faces Test as Economist Sees Yuan, Rupee, Ruble Rising

[Jun 1 3:35 AM] Global de-dollarization is surging as a leading economist confirms nations are accelerating the shift to local currencies, reshaping global finance with a powerful multi-currency push. Economist Sees Power Shift as Yuan, Rupee, Ruble Eat Into US…

Caricom Bloc Advances Pilot to Reduce Dollar Dependence

[May 30 10:30 PM] The governors of the Central Banks of Caricom agreed to advance a local currency-based, instant settlement payment platform to reduce their reliance on the U.S. dollar. A pilot has already managed to complete a cross-border transaction between the…

US Dollar Supremacy Is Cracking as Erosion Deepens, Devere Warns

[May 7 1:30 AM] Global finance is entering a transformative phase as the U.S. dollar’s supremacy unravels, opening explosive opportunities for emerging currencies and signaling a seismic portfolio realignment. Devere CEO Warns: The US Dollar’s Era of Unquestioned…

Zimbabwe Not Ready to De-Dollarize, Says Finance Minister

[Feb 13 8:30 AM] Zimbabwe’s Finance Minister Mthuli Ncube stated that the country must regain access to credit lines before adopting the Zig as its sole currency. He emphasized the need to restructure $21 billion in debt, as Zimbabwe has been locked out of capital…

Russia, India, Africa Advance Bold Plans to Sideline US Dollar

[Nov 12, 2024 3:30 AM] Russia, India, and several African nations are accelerating dedollarization, embracing national currencies in trade to enhance economic independence and reduce reliance on the U.S. dollar. Global Trade Gets a Shake-Up as Powers Pivot from the US…