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The BRICS' messaging about de-dollarization could get even messier if Zimbabwe joins the group's bank

Tue, 09/19/2023 - 01:19

Tech Insider : Economy

A currency trader mends an worn $2 bill at a market. — The BRICS' messaging about de-dollarization could get even messier if Zimbabwe joins the group's bank.
Tsvangirayi Mukwazhi/Associated Press

Markets, economy, mi-exclusive, Markets, Currencies, BRICS, De-Dollarization

A BRICS currency backed by gold 'makes no sense whatsoever,' says one market guru

Wed, 09/13/2023 - 07:08

Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020. — Creating a BRICS currency backed by gold makes no sense, says David Woo.
Photo by David Gray/AFP

Markets, mi-exclusive, Markets, BRICS, Gold, China, us-dollar

JPMorgan says the biggest risk of de-dollarization isn't a rival currency — it's that the US could lose a key tool it's used to fight past economic crises

Tue, 09/05/2023 - 16:05

Tech Insider : Economy

Andrew Jackson portrait on twenty dollar bill. — Andrew Jackson portrait on twenty dollar bill.
Elizabeth Fernandez/Getty Images

Markets, mi-exclusive, Dollars, dedollarization, dollar-dominance, USD, Currency

Russia's massive brain drain is ravaging the economy - these stunning figures show why it will soon be smaller than Indonesia's

Sun, 09/03/2023 - 08:30

Tech Insider : Economy

Russian President Vladimir Putin. — Russian President Vladimir Putin.
GAVRIIL GRIGOROV/SPUTNIK/AFP via Getty Images

economy, Markets, russia-economy, Russia, labor-shortage, brain-drain, BRICS

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

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

Key BRICS member admits the dollar will remain dominant despite oil deals in rupees and yuan

Mon, 08/28/2023 - 14:06

Tech Insider : Economy

US dollar — SimpleImages

Markets, mi-exclusive, Dollars, De-Dollarization, Rupee, BRICS, dollar-dominance

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

Brazil proposes yuan guarantees in trade with Argentina amid dollar shortage

Wed, 08/23/2023 - 16:22

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, brazil, Argentina, Trade, BRICS

China's Xi Jinping unexpectedly skipped a speech at a BRICS summit aimed at challenging dollar dominance

Wed, 08/23/2023 - 16:22

Xi Putin — Russian President Vladimir Putin meets with China's President Xi Jinping at the Kremlin in Moscow on March 21, 2023.
MIKHAIL TERESHCHENKO/SPUTNIK/AFP via Getty Images

Markets, mi-exclusive, Markets, Dollars, China, Russia, BRICS

Xi and Putin are seeking to expand the alliance of BRICS nations to challenge the global dominance of the US and the dollar

Wed, 08/23/2023 - 06:54

Tech Insider : Politics

Putin/BRICS — Russia's President Vladimir Putin attends an informal meeting of leaders of the BRICS countries via video link in Moscow, on August 22, 2023.
MIKHAIL KLIMENTYEV/POOL/AFP via Getty Images

politics, news-uk, Russia, China, BRICS, De-Dollarization, vladimir-putin

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