Dedollarization Is Not Our Objective: India Clarifies Currency Goals

December 8, 2024 Bitcoin.com

bitcoin.com

ndia rejects de-dollarization narratives, with the Reserve Bank of India (RBI) prioritizing local currency trade agreements to shield its economy from dollar volatility and global uncertainties. RBI Denies Dedollarization Goals, Focuses on Securing Indian Trade Reserve Bank of India (RBI) Governor Shaktikanta Das clarified India’s stance on global currency discussions during a post-monetary policy press […]

ECB Expands Digital Asset Settlement—A Major Shift in European Finance

South Africa Says BRICS Has No Plans To Create New Currency After Trump Issues Warning Against Dedollarization: Report

December 7, 2024 The Daily Hodl

Brazil

Reports on a new BRICS currency designed to compete against the US dollar are fundamentally false, according to leaders in South Africa. In a statement, South Africa’s Department of International Relations and Cooperation (DIRCO) says BRICS is not working on a currency that could be used as an alternative to USD, reports Bloomberg. According to […]

The post South Africa Says BRICS Has No Plans To Create New Currency After Trump Issues Warning Against Dedollarization: Report appeared first on The Daily Hodl.

ECB Expands Digital Asset Settlement—A Major Shift in European Finance

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

November 12, 2024 Bitcoin.com

bitcoin.com

Russia, 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 […]

ECB Expands Digital Asset Settlement—A Major Shift in European Finance

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

October 27, 2024 Bitcoin.com

bitcoin.com

Russia’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 […]

ECB Expands Digital Asset Settlement—A Major Shift in European Finance

BRICS Slashes US Dollar and Euro Transactions to Below 30%

October 12, 2024 Bitcoin.com

Anton Siluanov

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 […]

ECB Expands Digital Asset Settlement—A Major Shift in European Finance

India Denies Targeting US Dollar as Dedollarization Reshapes Global Trade

October 8, 2024 Bitcoin.com

alternative settlements India

India’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 […]

ECB Expands Digital Asset Settlement—A Major Shift in European Finance

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

September 24, 2024 Bitcoin.com

bitcoin.com

Russian 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 […]

ECB Expands Digital Asset Settlement—A Major Shift in European Finance

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

September 23, 2024 Bitcoin.com

Biden Administration

Russian 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 […]

ECB Expands Digital Asset Settlement—A Major Shift in European Finance

Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability

September 7, 2024 Bitcoin.com

Bank of Zambia

Zambia’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 […]

ECB Expands Digital Asset Settlement—A Major Shift in European Finance

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

July 8, 2024 Bitcoin.com

bitcoin.com

Russian 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 […]

dedollarization

Share this video