Browsing Tag
Local Currency
73 posts
US Dollar Out: $5.2 Billion Worth of Deals Paid in Local Currencies
Russia and Kyrgyzstan have a trade turnover of over $5.4 billion from 2024 to 2025. Among these, over…
BRICS Bank To Fund Climate Projects in Local Currencies
Dilma Rousseff, the President of the New Development Bank (NDB), announced that BRICS will fund climate finance in…
BRICS Announces Right To Uphold Trading in Local Currencies
Brazil’s Finance Minister Fernando Haddad criticized the White House for weaponizing the US dollar and said in a…
BRICS De-Dollarization Reversal: Focus Shifts to Local Currency Trade
The BRICS de-dollarization reversal has actually become quite apparent as member countries are now stepping back from their…
70+ Nations Use These 3 Ways To Abandon USD, Spurring De-Dollarization
De-dollarization is not a buzzword anymore. In 2025, de-dollarization is fueling multiple narratives, evolving into a full-fledged phenomenon,…
Local Currency Trade Hits Highs as Dollar Falters
The majority of the world is now moving towards pursuing a local currency trade, an option that has…
Oil and Nuclear Deals Now Set in Yuan, Not Dollars
The world is now witnessing a sharp change with the US dollar being sidestepped and overshadowed by local…
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…