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Russia, India, Africa Advance Bold Plans to Sideline US Dollar

Russia, India, Africa Advance Bold Plans to Sideline US DollarRussia, India, and several African nations are accelerating dedollarization, embracing national currencies in trade to enhance economic independence and reduce reliance on the U.S. dollar. Global Trade Gets a Shake-Up as Powers Pivot from the US Dollar Russia, India, and numerous African nations are advancing their use of national currencies in trade, a strategy that […]

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Russia Drives Dedollarization Forward With BRICS — Brazil Now Leads Next Steps

Russia Drives Dedollarization Forward With BRICS — Brazil Now Leads Next StepsRussia’s push for BRICS to abandon the U.S. dollar has reached critical milestones, with formalized agreements and functioning alternatives to Western financial systems now in place. BRICS Pushes Dedollarization and Financial Autonomy Forward At the recent BRICS summit in Kazan, Russian Deputy Foreign Minister Sergey Ryabkov announced that Russia’s presidency of BRICS had reached critical […]

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BRICS Slashes US Dollar and Euro Transactions to Below 30%

BRICS Slashes US Dollar and Euro Transactions to Below 30%BRICS nations are increasingly using national currencies, with 65% of transactions now conducted in local currencies, according to a Russian finance official. The U.S. dollar and euro account for less than 30% of payments among member states, signaling a strategic shift to reduce dependency on Western financial systems. The trend has accelerated due to sanctions […]

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India Denies Targeting US Dollar as Dedollarization Reshapes Global Trade

India Denies Targeting US Dollar as Dedollarization Reshapes Global TradeIndia’s External Affairs Minister S. Jaishankar clarified that the country is not targeting the U.S. dollar in its economic policy, despite shifts in global trade and currency usage. Speaking in Washington, he emphasized that India’s trade adjustments are driven by practical concerns related to partners with dollar shortages, not a strategic effort to undermine the […]

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BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

BRICS to Discuss Alternative Payment Platforms at Upcoming SummitRussian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized the increasing use of national currencies in BRICS trade, particularly with […]

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Lavrov Says He Agrees With Donald Trump on US Sanctions Weakening Dollar’s Status

Lavrov Says He Agrees With Donald Trump on US Sanctions Weakening Dollar’s StatusRussian Foreign Minister Sergey Lavrov has backed former U.S. President Donald Trump’s remarks about the negative effects of U.S. sanctions on the dollar and the American economy. Lavrov agreed that sanctions imposed by the Biden administration have weakened the dollar’s global reserve status. He further noted a global shift towards dedollarization, led by nations like […]

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Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability

Zambia’s Dedollarization Plan Aims to Strengthen Kwacha StabilityZambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still consulting market participants, with no set implementation date. Kalyalya highlighted that foreign currency use hinders effective monetary […]

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Putin on Dedollarization: 80% of Russia-China Trade in Rubles and Yuan

Putin on Dedollarization: 80% of Russia-China Trade in Rubles and YuanRussian President Vladimir Putin highlights economic integration and dedollarization at the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, chaired by Indian Prime Minister Narendra Modi. “We are making wider use of national currencies for mutual settlements,” Putin stated, adding that over 80% of commercial transactions between Russia and the People’s Republic of China […]

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Jack Dorsey Envisions Bitcoin Replacing US Dollar — Foresees BTC Reaching $1 Million

Jack Dorsey Envisions Bitcoin Replacing US Dollar — Foresees BTC Reaching  MillionBillionaire Jack Dorsey foresees a future where bitcoin could supplant the U.S. dollar as the dominant global currency. He envisions a scenario where bitcoin’s value could soar to $1 million by 2030. Highlighting the cryptocurrency’s decentralized nature, Dorsey underscores its potential to democratize financial systems and reduce reliance on traditional banking institutions. Jack Dorsey Anticipates […]

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Economist Jim Rickards Discusses US Dollar Decline and Potential $27,000 Gold

Economist Jim Rickards Discusses US Dollar Decline and Potential ,000 GoldEconomist Jim Rickards has shared insights on the U.S. dollar’s decline, driven by sanctions and mounting debt, and the potential rise in gold’s value as nations seek alternatives like the BRICS currency. He warns that internal mismanagement is the greatest threat to the dollar’s stability, stating to the U.S. government: “You’re taking confidence for granted. […]

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