Page 2 - De Dollarization News Today

Iran and Russia will sign a deal to trade in their national currencies instead of the US dollar in the first quarter of 2024, Iranian Central Bank governor Mohammad Reza Farzin stated on Thursday.

The US dollar could soon be in the same position as the British pound in the 1800s, a former White House economist warned.

The year 2023 may be looked upon by historians as “de facto the beginning of an organized new economic order,” Paul Goncharoff, owner of consulting company Goncharoff LLC, told Sputnik.

The United States is willing to sacrifice its status as the global reserve currency if it means not losing to Russian in Ukraine, Mark Sleboda told Sputniks Final Countdown on Friday

China's currency hit an all-time high share of 4.61% in global payments usage, SWIFT data shows. It's nearly double last year's levels.

Abuses in Africa have attracted criticism from some influential quarters, including Amnesty International and Pope Francis.

"It is clear that traditional US allies, such as Egypt, Saudi Arabia, and the UAE, are already exploring ways to dedollarize."

Russias special operation in Ukraine launched the process of de-dollarization and de-Americanization, Dusan Bajatovic, CEO of the Srbijagas natural gas provider, said in an interview with Sputnik.

A new, fairer and more democratic system of international relations that meets the needs of the world majority is being formed, Russian President Vladimir Putin said on Monday.

The greenback's struggles could drag on into 2024 amid signs that the central bank is set to wind down its tightening campaign.