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

September 26, 2024 Bitcoin.com

bitcoin.com

BRICS 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

August 8, 2024 Bitcoin.com

Africa

The 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

July 20, 2024 Bitcoin.com

Africa

An 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

June 26, 2024 Bitcoin.com

bitcoin.com

Despite 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’

June 25, 2024 The Daily Hodl

Daily Hodl

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 […]

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

April 28, 2024 Bitcoin.com

bitcoin democracy

JPMorgan 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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BRICS Crafting Massive Expansion Agreement With Dozens of Countries Looking to Join: Official

August 22, 2023 The Daily Hodl

brics

The economic coalition of BRICS is nearing an agreement to expand its membership in the face of flooding interest from other nations, an insider reports. South Africa’s Ambassador to BRICS Anil Sooklal says in a new Bloomberg interview that a criteria for expanding the group, which currently consists of Brasil, Russia, India, China and South […]

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JPMorgan Strategists Issue De-Dollarization Alert, Say US-China Tensions Key to World Reserve Currency’s Future

July 25, 2023 The Daily Hodl

China

Analysts at financial giant JPMorgan say increased geopolitical tensions between the two largest economies would take the threat of de-dollarization to the next level. JPMorgan strategists warn that escalating tensions between the US and China would result in the erosion of the dollar’s market share in global reserves and trade settlements, reports Bloomberg. The analysts […]

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BRICS Will Snuff Out US, IMF and World Bank Hegemony, Says Cuban President Miguel Diaz-Canel

June 9, 2023 The Daily Hodl

brics

Cuban President Miguel Diaz-Canel says the economic coalition known as BRICS could bring an end to the current world order dominated by the United States. In a new interview with RT, Diaz-Canel says that BRICS offers a way out for countries that are being pressured into accepting the United States’ hegemonistic policies. According to Cuba’s […]

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De-Dollarization Now Evident As Central Banks US Dollar Reserves Drop to Record Lows: JPMorgan

June 8, 2023 The Daily Hodl

Banking

Financial behemoth JPMorgan says the trend of de-dollarization is gaining steam as central banks around the world unload their US dollar holdings. In a new Reuters report, JPMorgan strategists Meera Chandan and Octavia Popescu say that the dollar’s share in central banks’ foreign exchange reserves has dipped to 58%, a record low. JPMorgan analysts also […]

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de-dollarization

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