Another Country to Ditch US Dollar & Pay Local Currency
The BRICS alliance is forming new trade agreements where the usage of local currencies will be prioritized over the US dollar. Developing countries...
archivelocal currency
Local Currencies Bow to the Mighty US Dollar in 2024
The dreams of a de-dollarization world kick-started by developing countries in 2024 remain just that, a dream. The US dollar outperformed all local...
This Local Currency Rises 12% Against the US Dollar
The US dollar outperformed all leading currencies this month including the Chinese Yuan, Japanese Yen, and the Indian Rupee. The...
US Dollar Walks Proud, Stands Tall Despite Local Currency Threats
The US dollar is trampling all local currencies around the world this month in April 2024. The DXY index, which...
Rupee closes stronger but state-run banks’ dollar buys erode gains
By Jaspreet KalraMUMBAI (Reuters) - The Indian rupee closed higher on Wednesday, aided by likely inflows and lower U.S. bond...
Chinese yuan gives US dollar a run for its money as African trade embraces other currencies
But it was in the southern nation of Zambia where BOC established its first African subsidiary, allowing customers to make...
BRICS Bank To Raise $3 Billion in Local Currencies, Not US Dollar
In the latest move of strength to push the de-dollarization initiative, the BRICS bank announced it will raise $3 billion...
TripGift Expands Global Reach to 85 Currencies to Become the World’s Most Globally Accepted Gift Card Brand
TripGift® Accelerates Gift Card Brand Portfolio to Industry-First 85 Currencies With Full Global Travel and Experience Redemption Range in Each...
Here’s What 5 World Leaders Said Amid BRICS Summit
De-dollarization was a closely watched topic amid the BRICS summit last week. But BRICS nations appear divided on the issue,...
India Urges Banks to Use Rupees, Durhams in UAE Trade
India's central bank is asking lenders to promote local currencies when trading with the UAE, Reuters reported. The idea is...
