Browsing Tag
Local Currency
34 posts
BRICS: 85% Trade Settled in Local Currencies, Not US Dollar
The BRICS alliance is advancing the de-dollarization agenda by using local currencies and rejecting the US dollar for…
Local Currency That Challenged the US Dollar Fails, Dips 40%
Zimbabwe had recently launched a new currency named ZIG which was backed by gold. The gold-backed ZIG local…
BRICS Settle 78% Oil Trade in Local Currencies, Ditch the US Dollar
Russia has sold nearly 78% of oil exports to its BRICS counterparts China and India between 2022 to…
BRICS Settle 65% Trade in Local Currencies & Not the US Dollar
The BRICS alliance settled 65% of trade among member nations in local currencies and not the US dollar.…
BRICS: 12 Countries Ditch US Dollar, Pay 85% Trade in Local Currencies
After BRICS, a new alliance has kick-started the de-dollarization process and is using local currencies for trade and…
Malaysia’s Local Currency Ringgit Outperforms the US Dollar
The forex markets are throwing surprises in October, as Malaysia’s local currency, the ringgit, outperformed the US dollar…
BRICS: India To Accept Local Currencies For Trade, Sideline US Dollar
BRICS member India may consider accepting local currencies for trade and sideline the US dollar only if they…
BRICS: Local Currencies Knock-Out the U.S. Dollar This Week
The U.S. dollar is facing stiff competition from local currencies this week taking the top spot in the…
U.S. Dollar Falls To New Lows as Local Currencies Rise
The U.S. dollar has fallen to a new monthly low as local currencies climbed up the charts this…
US Dollar’s Biggest Jump Sends Local Currencies Sliding
The US dollar is showing no mercy to local currencies and making them slide to new yearly lows.…