Page 9 - De Dollarization News Today

Bolivia made financial transactions totaling 278 million Chinese yuan from May through July, or about 10% of its foreign trade in that span.

Bolivia has recently joined the ranks of countries that use currencies other than the US dollar in foreign trade. 29.07.2023, Sputnik International

Interactive Brokers' billionaire founder says his bitcoin bet could be treasure or trash, and many investors are sitting on massive Big Tech gains.

As Chinas economy reopens, global investment banks predict its currency to rise in value, attracting foreign investors, who want to diversify their portfolios.

The attempt by the US Empire to expand and redesignate NATO as its personal, worldwide military projection force would effectively overwhelm the United Nations.

Amidst a global move towards de-dollarization and increasing demand for yuan-based transactions, the efforts of Chinese policymakers to prop up their currency have increasingly gained traction.

It's not just due to the West's sanctions against Russia. Other reasons include US monetary policies, a strong USD, and global trade diversification.

Joe Bidens recent panegyric on "Bidenomics" is detached from reality given that the train of the US economy is moving into a dead end, US Professor of Economics and Politics Jack Rasmus told Sputnik.

Along with India’s recent use of the Chinese currency to buy Russian oil, Argentina’s move is an example of the global economy\'s de-dollarization.

"If tinpot dictators want to wage war, get sanctioned and then need alternate payment means, that's signals Dollar dominance, not weakness..." Robin Brooks said.