Russia will spend $535.5 million to replenish its reserves of precious metals – dedollarization October 17, 2024 The question is whether a central bank – systematically indulging in unprecedented purchases of gold – can have the same strategy in other precious…
BRICS: The 2024 summit is very important September 19, 2024 The BRICS economic alliance is headed for what may be the most important event in its history. The annual BRICS summit has become a…
Russia gets Crypto Exchanges to Trade Digital Yuan – de-Dollarization as Ultimate Goal August 29, 2024 Russia has announced plans to create two state-owned cryptocurrency exchanges aimed at making digital payments for international trade transactions. US sanctions have led Russia…
BRICS: The new global financial order will be achieved by removing sanctions, using cryptos, gold and de-dollarization August 8, 2024 Russia will soon turn to cryptocurrencies as the most convenient method to circumvent the heavy international sanctions that have affected the economy amid its…
A move away from the dollar could hurt the Εconomies of Russia, China and India August 1, 2024 Despite the ongoing movement, the dominance of the dollar is unlikely to disappear easily and quickly, given how pervasive the dollar is in financial…
BRICS build wheat market and threaten the West July 11, 2024 The global South’s drive to de-dollarize global trade doesn’t just involve the oil or energy goods sector – after Saudi Arabia’s commitment to trade…
New world order is coming with Cryptocurrencies, Gold and BRICS July 4, 2024 More and more are sounding the alarm about the exploding US national debt, now approaching $35 trillion, or 120% of GDP. Interest payments have…
De-dollarization is constantly being strengthened June 13, 2024 The dollar is still a primary currency for spending, liquidity and foreign exchange. But it’s no longer the top savings asset. Gold (now a…
How will the BRICS common currency affect the USD? May 30, 2024 The BRICS alliance has aimed to dethrone the US dollar from the international market and make local currencies dominate. Developing countries are steadily and…