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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 Sputnik's 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.