Sanctions Turning Chinese Yuan as Main Currency, Not US Dollar
US Treasury Secretary Janet Yellen confirmed that sanctions led to BRICS kick-start the global de-dollarization initiatives. The US pressed sanctions...
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Middle East Investors Eye Chinese Currency Assets As Ties Deepen
Assets denominated in Chinese yuan have attracted growing interest from Middle East investors. ... (FREDERIC J. BROWN/AFP via Getty Images)AFP...
Analyst Says Gold-Backed Currency Can Threaten US Dollar
With the BRICS economic alliance working to develop its own native currency, one analyst has stated that a gold-backed asset...
Janet Yellen Repeatedly Says Sanctions Led to US Dollar Decline
The US Treasury Secretary Janet Yellen has once again admitted that sanctions affected the US dollar. She testified on Tuesday...
BRICS Nations Agree to Launch Currency to Counter US Dollar
A new BRICS currency looks inevitable as the bloc is looking to formulate new alternatives to ditch the US Dollar....
BRICS Announce It’s Leaving The Dollar Behind, Focusing on Native Currency
Amid its ongoing de-dollarization effort, the BRICS bloc has announced it is leaving the US dollar behind, and shifting its...
Economic challenges in the Lula government, overvaluation of
During the second year of his third presidential term, President Luiz Inácio Lula da Silva (Workers’ Party) is facing clashes...
BRICS To Accept Local Currencies for Fish Exports, Sideline US Dollar
BRICS is looking to dominate the food and crops sector and reduce the US dollar’s hegemony for trade settlements. Russia...
Why Do Asian Countries Buy Oil With the U.S. Dollar?
Despite looking to cut ties with the U.S. dollar, BRICS and other Asian countries don’t pay local currencies for oil...
US Dollar Wrecking Havoc on Local Currencies
The joke’s on the BRICS de-dollarization agenda as the US dollar is wreaking havoc on their respective local currencies. Forget...
