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

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Brazilian Real

Rafael Henrique/SOPA Images/LightRocket via Getty Images

China-based BRICS bank aims to de-dollarize debt by expanding local currency lending

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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.
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.

China's yuan faces a cocktail of bearish headwinds even as Beijing scrambles to prop up the currency

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JPMorgan strategists see reason to stay bearish on China's yuan.
JPMorgan strategists see reason to stay bearish on China's yuan.

China Photos / Stringer, Getty Images

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)

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