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Category Dollar dominance

MainNewsDollar dominance
Russian President Putin Says US Dollar-Based Global Financial System Is Collapsing

Russian President Putin Says US Dollar-Based Global Financial System Is Collapsing

Russian President Vladimir Putin has stated that the U.S. dollar-based global financial system is gradually collapsing. “After all, a currency is a...
Chinese Yuan Not Ready to Topple US Dollar as World Reserve Currency, Says Strategist

Chinese Yuan Not Ready to Topple US Dollar as World Reserve Currency, Says Strategist

A global macro strategist has explained that the Chinese yuan is unlikely to replace the U.S. dollar as the global reserve currency. She emphasized...
Indian Official: De-Dollarization Remains Distant, Rupee Should Become Dominant Currency

Indian Official: De-Dollarization Remains Distant, Rupee Should Become Dominant Currency

India’s oil and gas minister says de-dollarization is a long way away. The official emphasized his desire to conduct all transactions in rupees, ex...
Economist Expects US Rating Downgrade to Accelerate De-Dollarization Process

Economist Expects US Rating Downgrade to Accelerate De-Dollarization Process

Economists have warned about the adverse impact of Fitch’s U.S. rating downgrade on the dollar. One expects the downgrade to “accelerate” the proce...
Russia, 10 Southeast Asian Nations Discuss Using National Currencies in Trade Settlements

Russia, 10 Southeast Asian Nations Discuss Using National Currencies in Trade Settlements

Russia is discussing using national currencies in trade settlements with 10 Southeast Asian countries, members of the Association of Southeast Asia...