Xi Jinping Declares War on the Dollar: Yuan Must Become Global Reserve Currency
ASIATODAY.ID, BEIJING — In a bold push to challenge the U.S. dollar’s dominance, Chinese President Xi Jinping has called for ...
Tag: Dedollarization
Dedollarisation Gains Momentum: India Pushes BRICS Digital Currency Link
ASIATODAY.ID, NEW DELHI — The global drive toward dedollarisation is gaining fresh momentum as India moves to link the digital ...
BRICS Challenges the US Dollar: Ethiopia Converts USD 5.3 Billion Debt into Chinese Yuan
ASIATODAY.ID, WASHINGTON – The Ethiopian government has entered negotiations with China to convert part of its USD 5.38 billion debt ...
Ruble Hits Two-Year High Against Dollar
ASIATODAY.ID, MOSCOW - The Russian ruble surged to a two-year high against the US dollar on Thursday, buoyed by strong ...
Major Global Bank Warns of Potential Dollar Crisis
ASIATODAY.ID, BERLIN - A deepening crisis of confidence in the US dollar may be unfolding, Deutsche Bank has warned. The ...
Dollar Dominance Waning
ASIATODAY.ID, WASHINGTON - The share of the US dollar in global foreign exchange reserves has dropped to its lowest in ...
India Looking for Dollar ‘Workarounds’
ASIATODAY.ID, NEW DELHI - New Delhi is looking to secure its interest and find “workarounds” in settlements with global partners, ...
Use of National Currencies in BRICS Already Supersedes Dollar
ASIATODAY.ID, MOSCOW - The use of national currencies in transactions between BRICS members has already overtaken the dollar, Sameep Shastri, ...
Western Financial Policies Driving Countries away from Dollar
ASIATODAY.ID, JAKARTA - Many nations are abandoning the US dollar because it is increasingly being used as a tool to ...
Russia and India Eyeing New Mechanism to Bypass Dollar
ASIATODAY.ID, MOSCOW - India and Russia are exploring the idea of a benchmark rupee-ruble exchange rate to start direct trade ...