Madan Sabnavis: There is no alternative to the US dollar as the world’s anchor currency
Global talk of de-dollarization intensified after the US put an embargo on all of Russia’s dollar assets in 2022. There...
archivededollarization
Russia, Iran almost completely shift to national currencies
National currencies are being used in more than 96% of mutual payments between Russia and Iran, the Kremlin’s press service...
Russia, China boycott dollar, using national currencies for over 90% of mutual payments – Firstpost
Russia and its ally China have “almost completely” ditched the US dollar to settle bilateral trade. Instead, they are using...
China Yuan’s Share of Payments Hits Record As USD’s Dips
The Chinese yuan was the fourth most used currency in global payments, SWIFT data showed. It's share reached 4.61%, a...
BRICS-Led Effort Against Greenback Should Alarm the US
US policymakers should be concerned about a BRICS-led dedollarization, Thomas Hill wrote for the Atlantic Council. New members can provide...
What will be the world’s future reserve currency?
Good morning, Peter Vanham here in Geneva. That question is more relevant than it has been in years due to...
India Uses Rupees to Buy Oil From the UAE
India bought 1 million barrels of oil from the United Arab Emirates using its own currency instead of US dollars....
