Categories Business Abandoning dollar making electronic goods cheaper in Russia – Izvestia Posted on Posted onJanuary 16, 2024January 16, 2024By Editor Most payments for imports of such products in 2023 were made using yuan and rupees, according to the outlet. … Read More >Abandoning dollar making electronic goods cheaper in Russia – Izvestia
Categories Business Russia calls on BRICS to ditch dollar Posted on Posted onDecember 19, 2023December 19, 2023By Editor The bloc’s member states should further strengthen economic ties, according to FM. … Read More >Russia calls on BRICS to ditch dollar
Categories Business South American nations seek to avoid dollar Posted on Posted onMay 4, 2023May 4, 2023By Editor Brazil could extend a line of credit to debt-laden Argentina in mutual trade. … Read More >South American nations seek to avoid dollar
Categories Business Dollar being ‘gradually abandoned’ – IMF boss Posted on Posted onMay 3, 2023May 3, 2023By Editor Kristalina Georgieva says there are no viable alternatives for a global reserve currency. … Read More >Dollar being ‘gradually abandoned’ – IMF boss
Categories Business Russia’s top nickel producer ditching dollar payments with China – Bloomberg Posted on Posted onMarch 7, 2023March 7, 2023By Editor Norilsk Nickel is selling its metal on the spot market in yuan using a mix of London and Shanghai prices in deals, the outlet reports. … Read More >Russia’s top nickel producer ditching dollar payments with China – Bloomberg
Categories Business What a Latin American single currency could mean for the US dollar Posted on Posted onFebruary 6, 2023February 6, 2023By Editor Two major players are planning to launch a new settlement mechanism for non-dollar-denominated trade. … Read More >What a Latin American single currency could mean for the US dollar
Categories Business Ruble and yuan dominate Russia-China trade – Lavrov Posted on Posted onJanuary 20, 2023January 20, 2023By Editor Moscow and Beijing are trying to rely less on Western financial instruments as their relationship grows stronger, Russia’s foreign minister says. … Read More >Ruble and yuan dominate Russia-China trade – Lavrov
Categories Business Russia wants to trade with African countries in local currencies – Lavrov Posted on Posted onJanuary 20, 2023January 20, 2023By Editor The sides are reportedly developing cooperation strategy to replace the US dollar and the euro in settlements. … Read More >Russia wants to trade with African countries in local currencies – Lavrov
Categories Business Saudi Arabia ready to ditch dollar in trade – Finance Minister Posted on Posted onJanuary 20, 2023By Editor Shift from US to Chinese currency has previously been discussed between Beijing and Riyadh. … Read More >Saudi Arabia ready to ditch dollar in trade – Finance Minister
Categories Business De-dollarization in overdrive: Russia & China boost settlements in national currencies to 25% Posted on Posted onJanuary 4, 2021January 4, 2021By Editor Moscow and Beijing have ramped up the share of settlements in national currencies to 25 percent this year against a modest two percent recorded seven years ago, according to the Russian Ambassador to China Andrey Denisov. … Read More >De-dollarization in overdrive: Russia & China boost settlements in national currencies to 25%