Browsing Tag
Local Currency
55 posts
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…
BRICS: New Country Rejects Local Currency for Oil, Wants US Dollar
Not every country is falling in line with the BRICS agenda of replacing the US dollar with local…
Local Currencies Defeat the US Dollar in 2025
The big currency winners in 2025 are everybody except the US dollar, reported Reuters. The DXY index, which…
De-Dollarization Efforts ‘Won’t Stop’ as Global Giants Defy Trump’s 100% Tariff Threat
De-dollarization initiatives continue to advance as BRICS nations remain committed to reducing dependency on the US dollar, despite…
BRICS: 2 Countries Ditch US Dollar, Settle 90% Trade in Local Currency
BRICS members are advancing the de-dollarization agenda by using local currencies for cross-border transactions and not the US…
De-Dollarization: The Idea of Undermining the US Dollar Is Dead
US President Donald Trump vowed to put an end to the de-dollarization initiative kick-started by developing countries to…