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dedollarization

Israel's currency tumbles to 7-year low, prompting its central bank to sell $30 billion in foreign reserves

Mon, 10/09/2023 - 09:38

Israeli soldiers work to secure residential areas following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, southern Israel October 7, 2023. — Israeli soldiers work to secure residential areas following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, southern Israel October 7, 2023.
REUTERS/Ammar Awad

Markets, mi-exclusive, Currency, Israel, hamas, palestine, War

Iraq is set to fuel de-dollarization by banning the buck from being used in cash transactions, report says

Fri, 10/06/2023 - 04:22

FILE PHOTO: A picture illustration shows a 100 Dollar banknote laying on one Dollar banknotes, taken in Warsaw, January 13, 2011. REUTERS/Kacper Pempel/File Photo — Iraq is set to become the latest country to join the de-dollarization drive, according to Reuters.
Reuters

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

Russia is using China's yuan to settle 25% of its trade with the rest of the world, report says

Thu, 09/28/2023 - 07:38

Russian President Vladimir Putin and Chinese President Xi Jinping attend a reception at the Kremlin in Moscow, Russia March 21, 2023. — Vladimir Putin and Xi Jinping attending a reception at the Kremlin in March.
Sputnik/Pavel Byrkin/Kremlin via REUTERS

Markets, mi-exclusive, Markets, De-Dollarization, dedollarization, us-dollar, china-yuan

Russia's use of the Chinese yuan surges as the Kremlin looks to bypass sanctions

Wed, 09/27/2023 - 10:10

Tech Insider : Economy

One Chinese yuan bill lying on top of a US dollar bill. — One Chinese yuan bill lying on top of a US dollar bill.
Getty Images

Markets, mi-exclusive, Yuan, china-currency, Russia, Sanctions, ukraine-war

The BRICS bloc may soon get 6 new members and more jumbled opinions on de-dollarization

Sun, 09/24/2023 - 20:42

South African President Cyril Ramaphosa with fellow BRICS leaders President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, Prime Minister of India Narendra Modi, and Russia's Foreign Minister Sergei Lavrov pose for a family photo with delegates, including six nations invited to join the BRICS group, Argentina, Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia, during the closing day of the BRICS Summit at the Sandton Convention Center on Augu

Markets, News, mi-exclusive, Markets, dedollarization, BRICS, Dollars

About 93% of global central banks are exploring digital currencies - and that could boost de-dollarization, a report by IMF staff says

Fri, 09/22/2023 - 07:30

Close-up view of robot holding dollars — LightFieldStudios/ Getty Images

Markets, mi-exclusive, Markets, dedollarization, central-bank-digital-currencies, BRICS, De-Dollarization

The de-dollarization drive is spreading wider - Indonesia is the latest nation to join the anti-buck movement

Wed, 09/20/2023 - 11:57

US dollar — SimpleImages

Markets, mi-exclusive, Markets, De-Dollarization, us-dollar, Indonesia, dedollarization

'Bond King' Jeffrey Gundlach warns of 'demons on the horizon' for stocks - and predicts a dollar disaster and recession next year

Tue, 09/19/2023 - 06:58

Tech Insider : Economy

Jeffrey Gundlach — Jeffrey Gundlach.
Richard Drew/AP

Markets, economy, mi-exclusive, Markets, Stocks, stock-market-outlook, us-markets-and-economy

The US needs to get its ballooning debt problems under control to keep the dollar dominant, former IMF official says

Mon, 09/11/2023 - 14:37

US dollar — US debt notched $32 trillion for the first time this year.
SimpleImages

Markets, mi-exclusive, us-dollar, us-debt, us-debt-levels, dollar-dominance, dollar-war

China is pushing ahead with dedollarization, hoarding gold for a 10th straight month after slashing Treasury holdings to a 14-year low

Thu, 09/07/2023 - 12:11

A man places a gold bar in a locker in a vault at the precious metals dealer Pro Aurum. — A man places a gold bar in a locker in a vault at the precious metals dealer Pro Aurum.
Sven Hoppe/picture alliance/Getty Images

Markets, mi-exclusive, Currencies, dedollarization, China, Gold, gold-reserves

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