Browsing Tag
Local Currency
49 posts
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…
BRICS Settle 78% Oil Trade in Local Currencies, Ditch the US Dollar
Russia has sold nearly 78% of oil exports to its BRICS counterparts China and India between 2022 to…
BRICS Settle 65% Trade in Local Currencies & Not the US Dollar
The BRICS alliance settled 65% of trade among member nations in local currencies and not the US dollar.…
BRICS: 12 Countries Ditch US Dollar, Pay 85% Trade in Local Currencies
After BRICS, a new alliance has kick-started the de-dollarization process and is using local currencies for trade and…