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Taking dollarization to the next level: Here's a look at countries using the greenback as local currency

Fri, 11/24/2023 - 09:45

Tech Insider : Economy

Andrew Jackson portrait on twenty dollar bill. — Andrew Jackson portrait on $20 bill.
Elizabeth Fernandez/Getty Images

Markets, mi-exclusive, Panama, el-salvador, Cryptos, Bitcoiner, Dollars

Argentina used Chinese yuan for part of its payment to the IMF as US dollars remain scarce

Thu, 11/02/2023 - 15:34

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, Argentina, Peso, us-dollar, De-Dollarization

Bond yields will stay high and the Fed's war on inflation isn't over yet, Harvard economist Ken Rogoff says

Thu, 10/12/2023 - 05:24

ken rogoff — Harvard University professor Ken Rogoff.
REUTERS/Eduardo Munoz

Markets, mi-exclusive, Bonds, stock-market-analysis, stock-market-outlook, stock-market-strategy, investing-analysis

The IMF raises its economic outlook for both Russia and Ukraine, even as the war between them rages on

Wed, 10/11/2023 - 07:09

Tech Insider : Economy, Economy

Ukraine flag — A view of the flag of Ukraine during the celebration of the National Flag Day of Ukraine in Lviv, Ukraine on August 23, 2023.
Pavlo Palamarchuk/Anadolu Agency via Getty Images

economy, economy, Russia, Ukraine, ukraine-war, IMF, world-economy

China's property sector is facing massive risks and authorities must meet it with 'forceful action', IMF says

Tue, 10/10/2023 - 08:59

Tech Insider : Economy

Evergrande — People commute in front of the under-construction Guangzhou Evergrande football stadium in Guangzhou, China's southern Guangdong province on September 17, 2021.
Noel Celis/AFP/Getty Images

economy, Markets, mi-exclusive, China, china-economy, IMF, international-monetary-fund

Dollarization would eliminate Argentina's future inflation risk, former IMF board member says

Fri, 09/22/2023 - 12:07

Tech Insider : Economy

Argentine peso/dollar — AGUSTIN MARCARIAN/Reuters

Markets, mi-exclusive, Argentina, IMF, De-Dollarization, Dollars, Hyperinflation

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

Argentina plans to repay some yuan borrowings from Chinese currency swap using IMF bailout money

Thu, 08/24/2023 - 13:16

Tech Insider : Economy

FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee — Headquarters of the PBOC, the central bank, is pictured in Beijing
Reuters

Markets, mi-exclusive, Argentina, Yuan, IMF, international-monetary-fund, Loan

China's economy is losing momentum, while Russia's recovery is accelerating, IMF says

Tue, 07/25/2023 - 14:44

Tech Insider : Economy

putin xi j — Russian President Vladimir Putin meets with China's President Xi Jinping at the Kremlin in Moscow, Russia, on March 21, 2023.
Sergei Karpukhin/Sputnik/AFP via Getty Images

economy, Markets, China, Russia, IMF, Growth, Global growth

Dollar dominance could give way to a 'tripolar' currency system as China's yuan and the euro rise on the world stage

Sat, 04/29/2023 - 06:25

Dollar euro yuan dominance currency — Priscila Zambotto/Getty Images

Markets, MI Exclusive, Currency, Dollar, Dollar dominance, De-Dollarization, Yuan

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