Fri. Jul 5th, 2024

Tag: de-dollarization

China signs yuan-denominated loans for Belt and Road Initiative, accelerating de-dollarization
The BRICS bloc may soon get 6 new members and more jumbled opinions on de-dollarization

The BRICS’ messaging about de-dollarization could get even messier if Zimbabwe joins the group’s bank
JPMorgan says the biggest risk of de-dollarization isn’t a rival currency — it’s that the US could lose a key tool it’s used to fight past economic crises

The greenback is ‘losing some influence’ in the oil markets — and it means a partial de-dollarization is likely, says JPMorgan
Complete de-dollarization in Russia is ‘impossible and irrational,’ former Kremlin minister says

The BRICS summit ended with no new currency and all 5 members issuing differing and contradictory commentary on de-dollarization
De-dollarization will be a vicious cycle as hyperinflation leads to higher rates that will further erode the greenback’s power, think tank says

Countries are so spooked by de-dollarization and the Western sanctions against Russia, they are increasingly moving gold assets back home for safekeeping
Forget de-dollarization – Argentina may adopt the greenback as its currency and abandon the peso