Browsing Tag
Local Currency
66 posts
Central Banks Buying Gold From Domestic Miners in Local Currencies
The World Gold Council published a report on Wednesday, highlighting that Central Banks around the world are buying…
More Nations Abandon US Dollar, Egypt PM Confirms Trend
The US dollar is now attracting more foes than ever, as countries and growing economies continue to abandon…
Russia Signs $13.1 Billion Deals in Local Currencies
Russia has signed trade deals worth 1 trillion rubles (equivalent to $13.1 billion) in local currencies. This is…
CIS Settles 99% of Payments in Local Currencies, Ignore USD
Two countries in the Commonwealth of Independent States (CIS) alliance have officially settled 98.9% of all trade payments…
BRICS Bank NDB Gives Loans in Local Currencies Worth $2.1 Billion
The New Development Bank (NDB), commonly called the BRICS bank has disbursed loans in local currencies worth $2.1…
ASEAN Releases 5-Year Plan To Stop Using the US Dollar From 2026-2030
The ASEAN alliance has officially released a roadmap to reduce reliance on the US dollar and use local…
De-Dollarization Surges in ASEAN as US Dollar Tariffs Rattle Trade
De-dollarization momentum is accelerating right now across ASEAN nations as US tariff policies are driving currency substitution away…
BRICS Erodes Trust in the US Dollar
The BRICS alliance is making developing countries trust local currencies more than the US dollar. The initiative of…
BRICS: European Firms Get Requests For Local Currencies, Not US Dollar
Taking a leaf from the BRICS playbook, several banks, brokers, and financial entities in Europe are receiving requests…
De-Dollarization Grows Massive in Asia: Firms Demand Local Currencies
De-dollarization is gaining momentum in Asia as major companies are turning their backs on the US dollar and…