Page 3 - Daniel Mcdowell News Today

Many global leaders say the US dollar is used to push Washington's foreign policy priorities. Read more at straitstimes.com.

Brazil and China recently struck a deal to settle trade in their local currencies. India and Malaysia have signed an accord to ramp up the usage of the rupee in cross-border business. Even France is starting to complete transactions in yuan.

All around the world, a backlash is brewing against the hegemony of the U.S. dollar.

The currency’s centrality to the global payments system also allows America to wield unique influence over the economic destiny of other nations.

Several major economies, including Brazil, India and China, have recently struck deals aiming to end reliance on the use of US currency

Undoubtedly, part of the shift away from the dollar is being orchestrated by China.

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Iraq has just banned US-dollar transactions, the Saudis and Emiratis plan to sell oil without it and there are plans to establish a whole new currency to bypass it

Iraq has just banned US-dollar transactions, the Saudis and Emiratis plan to sell oil without it, and there are plans to establish a whole new currency to bypass it. To know why, first have a look at the war in Ukraine.

Iraq has just banned US-dollar transactions, the Saudis and Emiratis plan to sell oil without it and there are plans to establish a whole new currency to bypass it. To know why, first have a look at the war in Ukraine.