Browsing Tag
Local Currency
60 posts
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…
BRICS: Asia Could Dump $2.5 Trillion Worth of US Dollar Currency
The US dollar may face a huge crisis from BRICS and other Asian currencies, as Stephen Jen, CEO…
BRICS Abandons US Dollar, Settles 65% of Trade in Local Currencies
Russia’s Foreign Minister, Sergey Lavrov confirmed that BRICS has paid more than 65% of trade settlements among member…
BRICS: Warren Buffett Says US Dollar Going to Hell, Invests in Local Currencies
Amid the de-dollarization agenda kick-started by the BRICS alliance, leading American investor and billionaire Warren Buffett hinted at…
BRICS: China & Brazil Officially Announce to Trade in Local Currencies
BRICS members China and Brazil officially announced to settle payments in local currencies to reduce dependency on the…
BRICS: 2 Countries Plan to Launch New Currency, End US Dollar Reliance
Two BRICS countries are closely working towards launching a common currency and sideline the US dollar for trade…
BRICS: 2 Countries Officially Look to Trade in Local Currencies
BRICS members Brazil and China have officially agreed to settle cross-border payments in local currencies rather than the…