Browsing Tag
Local Currency
71 posts
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…
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…