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De-dollarization won't happen anytime soon as 'it's not so easy' to beat the greenback, Indian minister says

Wed, 08/30/2023 - 05:27

Tech Insider

President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, South African President Cyril Ramaphosa, Prime Minister of India Narendra Modi and Russia's Foreign Minister Sergei Lavrov pose for a BRICS family photo during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa, on August 23, 2023. — The leaders of the BRICS countries at a summit in Johannesburg, South Africa.
Gianluigi Gu

Markets, mi-exclusive, Markets, De-Dollarization, dedollarization, Currencies, dollar-outlook

The BRICS summit ended with no new currency and all 5 members issuing differing and contradictory commentary on de-dollarization

Mon, 08/28/2023 - 00:54

Tech Insider : Economy, Politics

President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, South African President Cyril Ramaphosa, Prime Minister of India Narendra Modi and Russia's Foreign Minister Sergei Lavrov pose for a BRICS family photo during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa, on August 23, 2023. — The BRICS summit wrapped up last Thursday with six new members but not a new currency.
Gia

economy, Markets, politics, BRICS, dedollarization, us-dollar, Currencies

Beijing selling off US Treasurys is a sign of China's economic weakness as it tries to prop up the yuan

Thu, 08/24/2023 - 13:56

Tech Insider : Economy

yuan china — An employee counts money at the last workday of a week at a bank in Taiyuan, Shanxi province, June 28, 2013.
REUTERS/Jon Woo

Markets, mi-exclusive, economy, Markets, China, china-currency, Yuan

Dedollarization suffers a blow as the greenback's share in global payments hits a record high

Thu, 08/24/2023 - 06:42

Tech Insider

An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/Kham — An employee of a bank counts US dollar notes at a branch in Hanoi
Thomson Reuters

Markets, mi-exclusive, Markets, Dollar, dedollarization, swift, Currency

Brazil's real, not the dollar, could be the solution to Argentina's currency turmoil, an economist says

Wed, 08/23/2023 - 05:33

Tech Insider

Brazilian Real — Rafael Henrique/SOPA Images/LightRocket via Getty Images

Markets, mi-exclusive, Markets, brazilian-real, Peso, argentina-debt, argentine-peso

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

Tue, 08/22/2023 - 05:58

Tech Insider

Argentine peso bills — Argentine pesos bills
(Photo by LEO LA VALLE/AFP via Getty Images)

Markets, mi-exclusive, Markets, Argentina, argentina-debt, argentina-inflation, argentine-peso

The dedollarization drive is facing a confidence crisis as the yuan, ruble and Argentine peso simultaneously plummet, an analyst says

Sun, 08/20/2023 - 06:35

Tech Insider

U.S. dollar notes are seen at a Kasikornbank in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha — U.S. dollar notes are seen at a Kasikornbank in Bangkok
Thomson Reuters

Markets, mi-exclusive, Markets, De-Dollarization, us-dollar, dollar-dominance, Dollar

The biggest threat to the dollar is the US itself, top economist Benn Steil warns

Sun, 08/20/2023 - 05:00

Tech Insider

US dollar — The US itself poses the biggest threat to the dollar's dominance, according to top economist Benn Steil.
(Photo by Xu Jinbai/VCG via Getty Images)

Markets, mi-exclusive, Markets, Currencies, us-dollar, De-Dollarization, dollar-dominance

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