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De-Dollarization

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

Tue, 08/22/2023 - 05:58

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

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

Tue, 08/22/2023 - 00:11

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

economy, politics, BRICS, brazil, Russia, India, China

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

Mon, 08/21/2023 - 10:37

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

Markets, mi-exclusive, Rupee, united-arab-emirates, India, Currency, De-Dollarization

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

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

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

Forget the dollar, Argentina should adopt the euro as its currency, Nobel economist Paul Krugman says

Fri, 08/18/2023 - 05:16

Argentina peso/dollar — Nora Mazzini

Markets, MI Exclusive, Argentine peso, Paul Krugman, Dollar, US Dollar, De-Dollarization

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

Thu, 08/17/2023 - 09:57

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

Markets, MI Exclusive, Argentine peso, Peso, Currency, Dollars, De-Dollarization

The idea of a BRICS common currency is almost 'embarrassing', says the economist who named the group

Tue, 08/15/2023 - 06:59

US dollar notes — CFOTO/Future Publishing via Getty Images

Markets, MI Exclusive, De-Dollarization, Currencies, BRICS, Dollar, Forex News

De-dollarization will be a vicious cycle as hyperinflation leads to higher rates that will further erode the greenback's power, think tank says

Mon, 08/07/2023 - 14:16

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

Markets, MI Exclusive, Dollar dominance, De-Dollarization, US Dollar, US dollar index, USD

Rising US debt could chip away at the dollar's dominance, Blackstone boss Stephen Schwarzman warns

Mon, 08/07/2023 - 05:03

Blackstone CEO Stephen Schwarzman in front of a blue background as he visits — Blackstone CEO Stephen Schwarzman.
Roy Rochlin/Getty Images

Markets, MI Exclusive, Currencies, Fitch, Blackstone, Stephen Schwarzman, Dollar dominance

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