Taking a leaf from the BRICS playbook, several banks, brokers, and financial entities in Europe are receiving requests to accept local currencies and not the US dollar, reported the Luxembourg…
De-dollarization is gaining momentum in Asia as major companies are turning their backs on the US dollar and demanding local currencies instead. Large corporations and institutional funds are placing bets…
The currency dynamics are changing at a rapid pace, with calls to dump the US dollar gaining widespread momentum. In other words, the world is now filled with calls for…
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Russia’s Foreign Minister, Sergey Lavrov confirmed that BRICS has paid more than 65% of trade settlements among member countries in local currencies and not the US dollar. Only around one-third…
De-dollarization has emerged as a prominent initiative over the years. Several countries have been coming together to disrupt the dominance of the US dollar. Donald Trump’s latest tariffs will likely…
Amid the de-dollarization agenda kick-started by the BRICS alliance, leading American investor and billionaire Warren Buffett hinted at the recent Berkshire Hathaway 60th annual shareholder summit on Sunday, that his…