Page 4 - De Dollarization News Today

Moscow is trying to prop up the slumping ruble, which has shed around a quarter of its value this year as the war in Ukraine rages on.

George Soros' former business partner, Jim Rogers, says America's debt is dangerous, de-dollarization is inevitable, and many assets are overvalued.

The rival renminbi doesn't pose a credible threat to the buck, strategists said in a recent research note.

Prime Minister Ibrahim said, however, it would be difficult to stop the reliance on the US dollar.

Iraq will ban the greenback from being used in cash transactions and withdrawals from January 1, the outlet reported.

The 11 members of the expanded group have so little in common that it’s tough to decode what their purpose will be.

The creation of a multipolar world, more honest and fair for the majority of people, is inevitable and historically necessary, Russian President Vladimir Putin stated, addressing the Third International Olympiad on Financial Security in the federal territory Sirius near Sochi on Wednesday, October 4.

What has driven the BRICS nations to push for their own currency and embark on this journey to depose the dollar from its pedestal? What are the chances that BRICS will be able to de-dollarise the global financial system?

Moscow has been stoking the de-dollarization movement by refusing to settle contracts using so-called "toxic currencies".

A former Zimbabwe finance minister warned of economic "disaster" if the current administration decides to ditch the dollar.