Argentina needs a recession, not dollarization, to tackle the peso crash, an economist says

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Argentine peso bills
Argentine pesos bills

(Photo by LEO LA VALLE/AFP via Getty Images)

Over 40 countries sick and tired of the Western-led world order are clamoring to join a group where China and Russia are members

Tech Insider : Economy, Politics
A worker arranges a signboard of the 15th BRICS summit outside the Sandton Convention Center in Johannesburg, South Africa, Aug. 17, 2023. The 15th BRICS summit is to be held in Johannesburg, South Africa, on Aug. 22-24.
South Africa is hosting the BRICS summit this week.

Zhang Yudong/Xinhua/Getty Images

India's central bank urges lenders to de-dollarize trade with the UAE using local currencies

Tech Insider : Economy
India rupee money cash
A trader counts new 2,000-rupee notes at a wholesale vegetable market in Bangalore, India

AP Photo/Aijaz Rahi

The Kremlin's top brass are trying to pass the buck over the ruble's collapse. This rare public infighting shows just how precarious Russia's wartime economy is.

Tech Insider : Economy, Politics
Russian President Vladimir Putin meets with Central Bank Governor Elvira Nabiullina outside Moscow, Russia October 27, 2017.
The Kremlin's top brass are trying to pass the buck over the ruble's collapse. This rare public infighting shows just how precarious Russia's wartime economy is.

Sputnik/Alexei Nikolskiy/Kremlin/Reuters

Argentina's top presidential candidate wants to use the US dollar to crush inflation and transform the country's economy

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dollar
dollar

SOPA images

With inflation soaring at 113%, Argentina should mothball its central bank and dollarize, top economist Steve Hanke says

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FILE PHOTO: FILE PHOTO: Argentine one hundred peso bills are displayed in this picture illustration taken September 3, 2019. REUTERS/Agustin Marcarian/Illustration/File Photo/File Photo
FILE PHOTO: FILE PHOTO: Argentine one hundred peso bills are displayed in this picture illustration

Reuters

Russia's ruble spikes as Putin and officials mull ways to prop up the currency after it dropped below a penny this week

Tech Insider : Economy
Putin/Gerasimov
Russian President Vladimir Putin (L) and Chief of the Russian General Staff Valery Gerasimov (R) attend an expanded meeting of the Russian Defence Ministry Board at the National Defence Control Centre in Moscow, on December 21, 2022.

MIKHAIL KIREYEV/Sputnik/AFP via Getty Images)

US stocks edge lower as August slump continues amid China property woes

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trader nyse screens
: Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. Despite the passing the debt ceiling bill in the U.S. House of Representatives, the Dow was lower in morning trading.

Spencer Platt/Getty

Soccer fans caught burning or ripping money in Argentina face up to 30 days in prison as the country cracks down on those mocking its high inflation

Tech Insider : Economy
Fans of Corinthians rip an Argentinian bill prior to a Copa Libertadores round of sixteen second leg match between Boca Juniors and Corinthians.
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Marcelo Endelli/Getty Images

Most of what we've heard about the yuan dethroning the dollar is from the West. Here's what China's actually said about it.

Tech Insider : Economy, Politics
China is pushing for the yuan to play a larger role in international trade but hasn't openly called for the yuan to replace the dollar as the world's reserve currency.
China is pushing for the yuan to play a larger role in international trade but hasn't openly called for the yuan to replace the dollar as the world's reserve currency.

ByoungJoo/Getty Images

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