Trade Bloc EEU Looking to Create Joint Payment System With BRICS
The Eurasian Economic Union (EEU) is looking to create a joint payment system with BRICS countries, in an effort to
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US Dollar
More De-Dollarization? Ghana Unveils Plan to Purchase Crude With Gold Rather Than US Dollars
The list of countries shunning the US dollar is increasing. Ghana, a developing country located in West Africa, is carving
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The De-Dollarization Frenzy: China Covertly Buying Gold to Reduce US Dollar Exposure
The West’s sanctions against Russia are backfiring, particularly for the US dollar, which is slowly but surely losing its grip
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Ray Dalio Changes His Mind: Cash Isn’t Trash Anymore, At Least For Now
Shortly before he announced his retirement from hedge fund Bridgewater Associates yesterday morning, Ray Dalio had a change of mind.
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Goodbye US Dollar? Pakistan Mulls Transition to Ruble-Yuan Trade With Russia
As western nations increasingly shun Russia from international trade and global financial markets, some countries are welcoming Moscow with open
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India’s Top Lender Moves To Curb Exposure To Bangladesh’s Falling Reserves
The State Bank of India (SBI) has issued an internal document asking exporters to avoid making deals with Bangladesh in
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History Shows That A Strong U.S. Dollar Is Bad News For The S&P 500
As the U.S. Federal Reserve continues to tighten monetary policy to combat inflationary pressures, the U.S. dollar has rallied for
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The De-Dollarization Continues: Egypt to Issue $500 Million Worth of Yuan Bonds
The US dollar as the world’s reserve currency is losing its lustre, and rather fast. With China’s economic power rising,
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Moscow Exchange Shuns Dollars As Collateral
The Moscow Exchange announced on Monday that it will start banning the use of dollars as collateral to underwrite transactions,
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Is the Dollar Losing its Dominance? Russia Resorts to Yuan Bond Sales to Raise Capital
The West’s choking sanctions against Russia have prompted the former Soviet country to explore alternative currencies to raise capital and
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