India To Accept Local Currencies For Trade, Sideline US Dollar
BRICS member India may consider accepting local currencies for trade and sideline the US dollar only if they are ‘non-binding’,...
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Bitcoin’s promise and the rationality of BSV
In the world of investing, there is a fundamental premise: the belief that you are ahead of the curve, betting...
BRICS: India may consider proposal to use national currencies if ‘non-binding’
With most BRICS countries strongly pushing for use of national currencies for trade and financial transactions within the bloc in...
New Country Ready to Back Currency With Gold, Ditch US Dollar
The African nation Ghana is looking to back its local currency, the Cedi with gold. Ghana’s Vice President Mahamudu Bawumia...
New Gold-Backed Currency Gains Steam & Challenges the US Dollar
Inspired by the BRICS de-dollarization agenda, Zimbabwe launched a new gold-backed currency, the ZIG, early this year to take on...
Declining Global Confidence In The Dollar
Burning US five and one dollar bills, London, 8th August 2011. (Photo by Tom Stoddart/Getty Images)Getty Images On February 24,...
Chinese Yuan Can’t Replace US Dollar as Global Reserve Currency
BRICS member China is looking to make the Chinese yuan the world’s reserve currency by toppling the US dollar. China...
The US Dollar Might Not Remain Universal Currency
‘The sun never sets on the British empire’ they proudly proclaimed during the late 1800s and early 1900s. The United...
U.S. Dollar in World Reserves Fall Below 60%
The Central Banks of the majority of developing countries are now diversifying their allocations with gold and other local currencies....
De-dollarization the path to global financial freedom
Economic and financial sanctions often backfire. The most notable example is the weaponization of the dollar against Russia. The measure...
