Payments in National Currencies Surge to 92% Among SCO Members
Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to…
Browsing Tag
local currencies
15 posts
BRICS Meeting Highlights Shift to Local Currencies
BRICS Ministers of Foreign Affairs have emphasized using local currencies in trade, reaffirming economic resilience and financial sovereignty.…
Former President Donald Trump’s Advisers Explore Penalties for Nations Ditching US Dollar
Former U.S. President Donald Trump’s economic advisers are reportedly devising strategies to deter nations from reducing their reliance…
Dollar Share in Reserves Drops Below 60%, Yuan Rises, Russian Diplomat Says
The share of currencies other than the U.S. dollar and the euro in international reserves is on the…
Vietnam, the Philippines, and Brunei to Join ASEAN QR Payment System to Reduce Dependence on US Dollar
Vietnam, the Philippines, and Brunei will join a QR payment system to settle cross-border payments using local currencies…
Analysis Says 2024 Halving Could Push Bitcoin to $400K, BRICS Declares Importance of Local Currencies in Trade — Week in Review
This week’s hottest stories detail a potential skyrocketing of bitcoin’s price to $400,000, connected with the upcoming 2024…
Russian Foreign Minister Sergey Lavrov: BRICS Is Focused on Reducing Dependence on US-Controlled System
Russian Foreign Minister Sergey Lavrov has declared that the actions of the BRICS bloc, integrated by Brazil, Russia,…
Local Currencies Are Not Alternatives to the Dollar but the System, BRICS Bank Chair Says
The development bank founded by the BRICS bloc of emerging economies aims to promote a multipolar financial system,…
BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies
The New Development Bank (NDB), established by the BRICS bloc of emerging economies, has issued its first bonds…
De-Dollarization: Save Nations from Dependency on Dollars
1 De-dollarization suggests reducing the dependency on dollars. 2 It potentially recommends less reliance on U.S. dollars. De-dollarization…