Browsing Tag
Local Currency
42 posts
BRICS: Russia & Myanmar to Trade In Local Currency, Ditch US Dollar
Russia is reaching out to Myanmar to advance and strengthen the de-dollarization agenda in 2025. BRICS member Russia…
2 Countries to Sign Defense Deals in Local Currencies, Ditch US Dollar
Russia and Iran will sign a comprehensive defense deal defying the West and usher into a new era…
U.S. Dollar Grows Stronger in 2025, Trounces Local Currencies
The U.S. dollar is marching ahead in the forex markets by trouncing leading local currencies in the charts…
BRICS: 2 Countries Settle $37 Billion Trade in Local Currencies
BRICS member Russia is aggressively pushing the de-dollarization agenda by making developing countries settle trade in local currencies.…
De-Dollarization: 2 Countries Settle $37 Billion in Local Currencies
The Commonwealth of Independent States (CIS) bloc, which consists of 12 countries, is advancing payments in local currencies.…
BRICS: 2 Countries Pay 80% of Trade in Local Currencies, Not US Dollar
BRICS member Russia confirmed that it has settled 80% of trade with its neighboring country Kazakhstan in local…
BRICS: 2 Countries Officially Abandon the US Dollar for Trade
BRICS members Russia and Iran announced that they have officially abandoned the US dollar for trade between the…
BRICS Determined to Trade In Local Currencies, Not US Dollar
The BRICS alliance is determined to trade in local currencies and not the US dollar for cross-border transactions.…
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…