Despite clearly articulating reasons for de-dollarization in Africa, African leaders will struggle to convince citizens to embrace national currencies without changing economic management.
3 BRICS countries have agreed to launch a new currency to challenge the US Dollar. A new BRICS currency could soon be a.
Morgan Stanley, a prominent financial institution, anticipates stablecoins to back the U.S. dollar (USD) amidst concerns of de-dollarization. The report highlights the challenges.
BRICS nations are moving towards complete de-dollarization by raising $3 billion in local currencies instead of the US dollar. The New Development Bank.
According to analysts at JPMorgan, geopolitical tensions between the world’s two largest economies, the United States and China, could have far-reaching consequences on.
Brazilian President Luiz Inácio Lula da Silva has expressed his determination to address the de-dollarisation issue during the upcoming BRICS meeting. With a.
In a significant development, Russian Foreign Minister Sergey Lavrov has revealed that de-dollarization is already underway, driven by the US government’s rhetoric and.
Venezuelan President Nicolas Maduro recently emphasized that the world is experiencing an unstoppable decline in the global use of the US dollar. In.
Recently, economist Peter St. Onge issued a dire warning regarding the future of the US dollar and American living standards. St Onge claims.
The US dollar’s worldwide dominance is apparently diminishing at an exponential rate, with countries stepping away after seeing how the US utilized the.