After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The stateme...
Tag: DeDollarization
Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization – Economics Bitcoin News
During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that i...
China’s Ambitions for Dedollarization Take Another Step Forward
(Bloomberg) — China’s latest efforts to broaden interest in its onshore currency market show a firm commitment to bolstering the yuan’s global appeal as Beijing works on its approach to chip awa...
Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied – Coinotizia
The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet...
Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied – Emerging Markets Bitcoin News
The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet...
De-dollarization will boost gold prices. 3 stocks to benefit
Gold price has surged in the past few weeks as demand for safe havens rose. It ended last week at $1,988, which was slightly below the year-to-date high of $2,072. It has jumped by over 18% from its l...