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Latam Insights Encore: Brazil Can Lead the Way to Full BRICS De-Dollarization

Latam Insights Encore: Brazil Can Lead the Way to Full BRICS De-DollarizationWelcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the recent movements by Brazil to further push de-dollarization within BRICS and how this might affect the trading framework of the entire bloc. Latam Insights Encore: Brazil Called to Lead […]

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Sound Money Defense League Executive: Gold Protects Against Inflation, Fiat Risks

Sound Money Defense League Executive: Gold Protects Against Inflation, Fiat RisksIn a recent interview with Kitco News, Jp Cortez, the executive director of the Sound Money Defense League, discussed the growing sound money movement across the United States. Cortez emphasized the significance of legislative wins, such as the removal of sales taxes on precious metals in 45 states, and highlighted the increasing trend of de-dollarization. […]

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US License Expiration Imperils Russia-China Trade in Chinese Yuan

US License Expiration Imperils Russia-China Trade in Chinese YuanA U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and more expensive for Russian businesses to trade with China in yuan. The yuan is currently the most traded foreign currency in Russia after Western sanctions and Russia’s de-dollarization efforts. Chinese banks are wary […]

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BRICS Countries Russia and China Driving Gold Price to Historic Highs Amid Push To Ditch Dollar: Bank of France

BRICS Countries Russia and China Driving Gold Price to Historic Highs Amid Push To Ditch Dollar: Bank of France

Russia and China’s desire to ditch the dollar is fueling the price of gold, according to the Bank of France. In a new report, the central bank notes the price of the precious metal has risen to new all-time highs despite global outflows in gold exchange-traded funds (ETFs) and risk aversion on the financial markets amid […]

The post BRICS Countries Russia and China Driving Gold Price to Historic Highs Amid Push To Ditch Dollar: Bank of France appeared first on The Daily Hodl.

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BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says

BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert SaysBRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan summit. He highlighted Saudi Arabia’s potential shift towards the petroyuan and Russia’s plans to reduce dollar reliance. However, […]

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Zimbabwe to Unveil De-Dollarization Roadmap, Says Government Official

Zimbabwe to Unveil De-Dollarization Roadmap, Says Government OfficialThe Zimbabwean Cabinet has approved a de-dollarization roadmap outlining “modalities to operationalize the Zig currency as legal tender for use in the economy.” Zimbabwean officials have set early 2026 as the new deadline for making the Zig the country’s sole currency. The central bank is expected to strengthen the mandatory licensing requirements, which compel business […]

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IMF Warns Zambia Against Dedollarization, Calls Plan Counterproductive

IMF Warns Zambia Against Dedollarization, Calls Plan CounterproductiveAn International Monetary Fund representative has cautioned that Zambia’s proposed dedollarization initiative may inadvertently undermine efforts to contain inflation. The representative expressed concern that the prevailing economic conditions in Zambia are not conducive for the country to proceed with the de-dollarization proposals. Zambia Not Ideally Placed to Dedollarize The International Monetary Fund (IMF)’s Zambian representative, […]

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US Dollar Retains Global Dominance Despite BRICS Efforts, Reveals Atlantic Council Report

US Dollar Retains Global Dominance Despite BRICS Efforts, Reveals Atlantic Council ReportDespite concerted efforts by the BRICS nations to decrease global dependence on the U.S. dollar, the fiat currency remains the dominant force in the world economy, a new study from the Atlantic Council’s Geoeconomics Center finds. The report underscores the challenges of de-dollarization amidst geopolitical tensions. U.S. Dollar Holds Firm as Global Reserve Leader The […]

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Donald Trump Warns US Losing Power With De-Dollarization, Says Countries on the Dollar ‘Going Like Flies’

Donald Trump Warns US Losing Power With De-Dollarization, Says Countries on the Dollar ‘Going Like Flies’

Former President Donald Trump says the US is losing influence on the global stage as more countries distance themselves from the dollar. In a new interview on the All-In Podcast YouTube channel, Trump explains how tariffs give the US an edge over other countries. He highlights that tariffs can mitigate the growing trend of de-dollarization […]

The post Donald Trump Warns US Losing Power With De-Dollarization, Says Countries on the Dollar ‘Going Like Flies’ appeared first on The Daily Hodl.

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Dimon Doubles Down on Bitcoin Dislike, SBF to Aid Legal Action Against Celebrities, and More — Week in Review

Dimon Doubles Down on Bitcoin Dislike, SBF to Aid Legal Action Against Celebrities, and More — Week in ReviewJPMorgan Chase CEO Jamie Dimon has reiterated his critical stance on bitcoin, labeling it a fraud and dismissing its potential as a legitimate currency. Former FTX CEO Sam Bankman-Fried has agreed to a settlement that involves cooperating with legal actions against celebrities linked to FTX’s collapse. U.S. analysts are evaluating the impact of the proposed […]

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