Page 6 - De Dollarization News Today

The buck is likely to remain the dominant currency in international trade, India's oil and gas minister Hardeep Singh Puri told CNBC.

BRICS now holds the potential to be THE significant challenge to the West current world order, particularly with its new expansion. Yet this expansion will not be without difficulty.

"We have nothing to buy in India, but we cannot return these rupees, because the rupee is an inconvertible currency."

The New Development Bank's announcement of adding 15 new members to its board proves an even bigger threat to the US and the West since lending would be in local currencies.

Chinese President Xi Jinping defined all the major decisions embedded in the 15th BRICS summit in South Africa as “historic”. That may be seen as an understatement.

The international drive to end the dollar's dominance has suffered a blow, with the greenback's role in global payments hitting a record high.

The share of the bloc in world GDP has been on the rise; it accounted for more than a quarter in 2022.

Integration of new members into BRICS will facilitate the advent of a new world order, marked by the end of the petrodollar’s “yoke”, Michael Goddard told Sputnik.

For most of history, poverty has been almost universally understood as a lack of money. In the last three decades, however, it has not just been lack of any money, but the lack of valuable money compared to the U.S. dollar. Yet, with the most recent BRICS Summit, and the rise of emerging economies, the

On this episode of Fault Lines, host Jammarl Thomas and Melik Abdul discussed a number of topics from around the globe, including a preview of the first GOP debate with candidates running for the 2024 presidential elections.