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CATEGORY: national currencies

Trade Bloc of Former Soviet States Ditches Dollar in 90% of Settlements
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 27, 2023 10:30

Trade Bloc of Former Soviet States Ditches Dollar in 90% of Settlements

Trading within a Russia-led regional organization has effectively moved away from the U.S. dollar, according to the deputy head of the Russian government. The use of national currencies in the bloc’s transactions has reached around 90%, the official pointed out. EAEU Replaces Dollar in Trade With National Currencies, Russian Official Says Trade between member states [...]

The post Trade Bloc of Former Soviet States Ditches Dollar in 90% of Settlements appeared first on Crypto Breaking News.

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Russia and China Carry Out Most Settlements in Yuan and Ruble, Russian PM Mikhail Mishustin Says
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 24, 2023 10:30

Russia and China Carry Out Most Settlements in Yuan and Ruble, Russian PM Mikhail Mishustin Says

The larger portion of payments between Russia and China are now processed using the currencies of the two countries, Prime Minister Mikhail Mishustin revealed. Moscow and Beijing intend to increase mutual trade beyond the $200-billion target this year, added the head of the Russian government. Mishustin: 70% of Settlements Between Russia and China Conducted in [...]

The post Russia and China Carry Out Most Settlements in Yuan and Ruble, Russian PM Mikhail Mishustin Says appeared first on Crypto Breaking News.

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BRICS Currency Not on Agenda for Leaders’ Summit — Nations to Focus on De-Dollarization
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 23, 2023 05:50

BRICS Currency Not on Agenda for Leaders’ Summit — Nations to Focus on De-Dollarization

The heavily anticipated BRICS currency is not on the agenda to be discussed at the economic bloc’s upcoming leaders’ summit, according to South Africa’s diplomat in charge of BRICS relations. He clarified that the BRICS members will focus on de-dollarization and promoting the use of national currencies in international trade instead of the U.S. dollar. [...]

The post BRICS Currency Not on Agenda for Leaders’ Summit — Nations to Focus on De-Dollarization appeared first on Crypto Breaking News.

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BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 18, 2023 05:55

BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

South Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to trade in our own currencies.” He also believes that the recession forecasts by the [...]

The post BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies appeared first on Crypto Breaking News.

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Egypt Applies for BRICS Membership, Seeks Trade in National Currencies
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 16, 2023 05:50

Egypt Applies for BRICS Membership, Seeks Trade in National Currencies

Egypt has filed an application to join the BRICS bloc, Russia’s ambassador to the Arab nation confirmed. The government in Cairo is interested in using alternative currencies in foreign trade, either national fiats or a new common currency, the diplomat unveiled. Egypt Takes Step to Join BRICS Club, Russia Backs Bid Egypt has applied to [...]

The post Egypt Applies for BRICS Membership, Seeks Trade in National Currencies appeared first on Crypto Breaking News.

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Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 13, 2023 10:30

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the [...]

The post Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency appeared first on Crypto Breaking News.

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Iran and Russia Talk Crypto Cooperation, Unveil Tool Streamlining Trade in National Currencies
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jun 12, 2023 01:20

Iran and Russia Talk Crypto Cooperation, Unveil Tool Streamlining Trade in National Currencies

Experts and business representatives from Iran and Russia have discussed the potential uses of cryptocurrencies and blockchain. The two countries are also collaborating on implementing new financial instruments facilitating bilateral trade in their national fiats. Financial Expo Brings Together Crypto Experts From Russia and Iran Business leaders and industry professionals from Iran and Russia have

The post Iran and Russia Talk Crypto Cooperation, Unveil Tool Streamlining Trade in National Currencies appeared first on BTC Ethereum Crypto Currency Blog.

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Iran Looking to Replace Dollar With Dinar in $10 Billion Trade With Iraq
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 10, 2023 02:10

Iran Looking to Replace Dollar With Dinar in $10 Billion Trade With Iraq

Iran’s government considers employing the Iraqi dinar in bilateral trade with Iraq in a bid to further curtail the dominance of the U.S. dollar. The annual turnover between the two neighboring nations exceeds $10 billion with millions of pilgrims and health tourists crossing the border each year. Iran and Iraq Can Reduce Dollar Dominance by [...]

The post Iran Looking to Replace Dollar With Dinar in $10 Billion Trade With Iraq appeared first on Crypto Breaking News.

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BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jul 09, 2023 01:20

BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention

The BRICS Bank’s vice president and chief financial officer has shed light on the economic bloc’s aspiration to develop a common BRICS currency. His remarks followed recent reports suggesting that Russia has confirmed the BRICS’ plan to introduce a gold-backed common currency, with an official announcement expected to be made during the forthcoming BRICS leaders’

The post BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention appeared first on BTC Ethereum Crypto Currency Blog.

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Russian Finance Minister Talks Dollar Attack on Russia, Importance of Developing Alternatives for Settlements
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 07, 2023 02:10

Russian Finance Minister Talks Dollar Attack on Russia, Importance of Developing Alternatives for Settlements

Russian Finance Minister Anton Siluanov has given his opinion on the perceived attack the Russian economy has been receiving from the U.S. dollar, and how the country has moved to keep trade going. Siluanov also remarked on the importance of developing settlements in national currencies. Russian Finance Minister Anton Siluanov: ‘The Dollar Has Challenged Russia’ [...]

The post Russian Finance Minister Talks Dollar Attack on Russia, Importance of Developing Alternatives for Settlements appeared first on Crypto Breaking News.

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Upgrade to Bring Bitcoin Cash Smart Contracts, Ted Cruz on BTC, Global De-Dollarization Efforts — Week in Review
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 07, 2023 10:30

Upgrade to Bring Bitcoin Cash Smart Contracts, Ted Cruz on BTC, Global De-Dollarization Efforts — Week in Review

Software developer Jason Dreyzehner says smart contracts “comparable to Ethereum,” but remarkably more efficient will be made possible by the May 15 upgrade coming to the Bitcoin Cash network. In other news, the world’s largest regional organization, the Shanghai Cooperation Organization (SCO) plans to switch to settlements in national currencies, moving away from the U.S. [...]

The post Upgrade to Bring Bitcoin Cash Smart Contracts, Ted Cruz on BTC, Global De-Dollarization Efforts — Week in Review appeared first on Crypto Breaking News.

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Xi Jinping, Vladimir Putin Push for Increased Settlements in National Currencies
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 05, 2023 05:50

Xi Jinping, Vladimir Putin Push for Increased Settlements in National Currencies

Chinese President Xi Jinping and Russian President Vladimir Putin have pushed for the increased use of national currencies in mutual settlements as more countries shift away from the U.S. dollar. “I consider it essential to increase the share of settlements in national currencies” within the Shanghai Cooperation Organisation, said Xi at Tuesday’s SCO summit. Meanwhile, [...]

The post Xi Jinping, Vladimir Putin Push for Increased Settlements in National Currencies appeared first on Crypto Breaking News.

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Russia Says BRICS Currency Unlikely in Near Future but De-Dollarization Grows Globally
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 04, 2023 05:50

Russia Says BRICS Currency Unlikely in Near Future but De-Dollarization Grows Globally

Russia says that a common BRICS currency is unlikely to be feasible in the near future but the process of de-dollarization of the global economy is inexorably underway. Russian Press Secretary Dmitry Peskov added that many countries, including those that do not face sanctions, are gravitating towards using national currencies in trade settlements. BRICS Currency [...]

The post Russia Says BRICS Currency Unlikely in Near Future but De-Dollarization Grows Globally appeared first on Crypto Breaking News.

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BRICS Nations to Encourage Use of Local Currencies in Trade
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 03, 2023 05:50

BRICS Nations to Encourage Use of Local Currencies in Trade

Countries in the BRICS bloc intend to encourage the use of local currencies in cross-border trade, their foreign ministers revealed. The top diplomats, who met in South Africa, also emphasized the importance of financial inclusion, welcoming new technologies that support it. BRICS to Stimulate Trade Transactions in Local Currencies The BRICS group of the largest [...]

The post BRICS Nations to Encourage Use of Local Currencies in Trade appeared first on Crypto Breaking News.

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