12 / 17 Relevant items tagged with #USDollar
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US Dollar’s Importance Declining in International Transactions and as Reserve Currency, Economist Says
[May 16, 2023 5:30 PM] A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in international trade and as a reserve currency has been declining. “Other currencies have been getting more important in international…
Bangladesh and India to Trade in National Currencies Due to US Dollar Liquidity Issues
[May 16, 2023 5:30 AM] Bangladesh and India have decided to conduct trade settlements in their own currencies, bypassing the dominance of the U.S. dollar. According to sources from the Bangladesh Bank, the decision was made due to the issues of liquidity in foreign…
Iraq Issues Ban on US Dollar Transactions to Bolster Usage of Iraqi Dinar
[May 16, 2023 2:30 AM] The government of Iraq issued a ban on using the U.S. dollar for conducting business transactions on May 14. The ban, which is already in effect, is designed to bolster the usage of the Iraqi dinar, the fiat currency of the country, and to reduce…
Price analysis 5/15: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC
[May 15, 2023 12:11 PM] The debt ceiling talks remain in focus and are likely to dictate the price action in the S&P 500, DXY and cryptocurrency markets in the near term.
Latam Insights: Bolivia Mulls Chinese Yuan for Trade Settlements, Steve Hanke Proposes 30-Day Solution for Venezuelan Inflation
[May 14, 2023 11:30 PM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia mulls using the Chinese yuan in international trade settlements, inflation reaches…
4 alarming charts for Bitcoin bulls as $27K becomes formidable hurdle
[May 14, 2023 6:45 AM] The price of Bitcoin can fall to $15,000 in 2023 if its strengthening correlation with certain macro charts is any indication.
PEPE Token Continues Downward Spiral, Registers 60% Drop From All-Time High
[May 11, 2023 11:30 AM] The meme-based token pepe (PEPE) has experienced a 14.9% decline against the U.S. dollar over the last 24 hours, continuing its downward trend from the last five days. Thus far, PEPE has seen a 60% drop in value from its all-time high on May 5…
President Raisi Calls on Central Bank of Iran to Ditch US Dollar in Trade, Shift to National Currencies
[May 9, 2023 3:30 PM] Iranian president Ebrahim Raisi has called on the Central Bank of Iran to lay the groundwork necessary to ditch the U.S. dollar for bilateral trade settlements and to make the switch to use the Iranian real whenever possible. The Central Bank of…
Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline
[May 9, 2023 11:30 AM] The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the…
Argentine Foreign Minister Says a Latin American Common Currency Would Relieve Argentina’s Stress on the Dollar Issue
[May 5, 2023 1:30 AM] Argentine Foreign Minister Santiago Cafiero referred to the advantages the issuance of a Latin American common currency would give Argentina. Cafiero stated that the existence of such a currency would relieve the stress that the country is…
Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet
[May 3, 2023 11:30 PM] Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the…
Reviving Argentina's Economy: Dollarization And Bitcoin As Catalysts For Change
[May 3, 2023 6:00 AM] Many experts have suggested dollarization as a way to save Argentina’s flailing economy, but it needs Bitcoin too. This is an opinion editorial by Carlos Cárdenas, an institutional account manager who has worked at legacy banks and cryptocurrency…
Price analysis 5/1: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
[May 1, 2023 10:05 AM] Bitcoin and most major altcoins are witnessing aggressive selling at higher levels, indicating that the bears are trying to make a comeback.
Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark
[May 1, 2023 5:30 AM] Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has “disproportionate…
Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China
[Apr 30, 2023 8:00 PM] BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called…
US Senator Rand Paul Warns of US Dollar Losing Reserve Currency Status — Says ‘It’s Not an Unfounded Prediction’
[Apr 29, 2023 8:00 PM] U.S. Senator Rand Paul has warned that the U.S. dollar could lose its status as a global reserve currency. “For a variety of reasons, both foreign policy as well as fiscal irresponsibility, yes, the dollar is in a precarious position,” said the…
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts
[Apr 29, 2023 2:00 AM] A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to…
World’s Largest Regional Organization to Switch to Settlements in National Currencies
[Apr 28, 2023 4:00 PM] A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to…
Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%
[Apr 28, 2023 2:00 PM] Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are…
Bank of America Strategist Predicts Gold Could Reach $2,500 per Ounce in 2023
[Apr 28, 2023 4:00 AM] A Bank of America (BOFA) commodity strategist has postulated that gold, should it continue to flourish in 2023, could pave the way for a climb to $2,500 per ounce. Presently priced at $1,983 per unit, the precious metal remains just shy of the…
Russian Foreign Minister Sergey Lavrov States De-Dollarization ‘Can No Longer Be Stopped’
[Apr 28, 2023 12:00 AM] Russian Foreign Minister Sergey Lavrov has spoken on the current shift to national currencies and the de-dollarization international markets are currently experiencing. In a press conference after addressing the UN Security Council on April 25…
Chinese Yuan Overtakes US Dollar as Most Used Currency to Settle Cross-Border Payments in China
[Apr 27, 2023 2:00 PM] The Chinese yuan is now China’s most used currency for cross-border settlements. According to official data from the State Administration of Foreign Exchange, the Chinese yuan rose to be the most-used currency in March over the U.S. dollar…
Argentina Debates Dollarization in the Midst of Rampant Devaluation and Inflation
[Apr 26, 2023 4:00 AM] Javier Milei, a presidential candidate for the next election in Argentina, has presented a dollarization plan to fix the economy of the country if elected. The proposal, which has supporters and detractors, would aim to solve the historic…
Central Banks Reduce US Dollar Swap Lines to Weekly Auctions Amid Moody’s US Banking Sector Downgrade
[Apr 25, 2023 2:00 PM] After the tumultuous downfall of three major banks, namely Silvergate Bank, Silicon Valley Bank, and Signature Bank, several central banks made a collaborative announcement of a swift, coordinated emergency response. The intervention aimed to…
Ron Paul on the Future of the US Dollar: ‘The World Is Clearly De-Dollarizing’
[Apr 24, 2023 3:30 PM] Ron Paul, the former U.S. presidential candidate and former U.S. congressman, has stated that recent geopolitical events have caused nations to start ditching the U.S. dollar. Paul stated that the debasement of the currency, the manipulation of…
Price analysis 4/24: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
[Apr 24, 2023 2:15 PM] Bitcoin and select altcoins are at risk of falling below their respective support levels and starting a deeper correction.
A Seized Bitcoin Stack Could Be Bulgaria's Golden Ticket
[Apr 24, 2023 6:00 AM] After seizing 213,000 bitcoin in 2017, Bulgaria now has an opportunity to become one of the wealthiest countries on earth. This is an opinion editorial by Ahmed Botan, a marketing professional with a focus on Bitcoin-based projects.Bulgaria, a…
Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar
[Apr 24, 2023 5:30 AM] Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring…
Latam Insights: Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela
[Apr 24, 2023 3:00 AM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: the Argentine Peso plunges against the U.S. dollar, Venezuela and Russia agree to develop a…