De Dollarisation News Today

Former US President Donald Trumps economic aides are considering imposing penalties on nations moving away from the greenback if the Republican frontrunner wins the upcoming elections, according to Bloomberg.

DC scholars seem concerned about consistent Russo-Chinese de-dollarization efforts as more than 90% of mutual payments between the two are now being carried out in their respective currencies.

Use of non-dollar currencies, increased trade with ‘friendly’ partners and capital flight controls help Moscow avoid economic crash, offering ‘important lessons’ for China, says Ding Yifan.

Russian President Vladimir Putin, like Republican presidential candidate Donald Trump, is "anathema to Davos globalists", Wall Street analyst Charles Ortel told Sputnik, stressing that the timing of Putin-Carlson interview was perfect.

De-dollarisation bid begins to pay off as China and Africa increase use of the yuan and local currencies in trade deals.

RBI Governor Shaktikanta Das addressed the World Economic Forum (WEF) in Davos, Switzerland, emphasizing that Indias efforts to globalize the rupee are not meant to replace the dollar.

Reserve Bank of India (RBI) Governor Shaktikanta Das said that it is incorrect to say that there was a move towards de-dollarisation as the efforts of the central bank towards internationalisation of the rupee are not aimed at replacing the dollar.

As BRICS expands its membership, the global geopolitical and economic landscape is complex and cannot be viewed from simplistic binaries or prisms. At the same time, it is important not to lose sight of certain geopolitical realities.

China has begun to conduct cross-border crude oil settlements in digital yuan. The China National Petroleum Corporation (CNPC) has recently bought 1 million barrels of crude oil using the nations digital currency, according to the Chinese press.

ABOUT RM58bil of Malaysia’s trade with three trading partners is transacted in ringgit, says Datuk Seri Anwar Ibrahim.