Tag: Ditches
What Happens if Saudi Arabia Ditches US Dollar for Oil?
Saudi Arabia’s induction into the BRICS alliance threatens the US dollar’s prospects as the de-facto currency for oil payments. Mohammed Al-Jadaan, Saudi Arabia’s Finance...
Argentina Ditches US Dollar For IMF Payment, Pays Chinese Yuan
The new BRICS member Argentina paid the Chinese Yuan to settle an IMF payment and not the US dollar. Argentina has a shortage of...
Silicon Valley Ditches News, Shaking an Unstable Industry
Campbell Brown, Facebook’s top news executive, left the company this month. Twitter, now known as X, removed headlines from the platform days later. The...
Leading Oil Company Ditches US Dollar, Accepts Local Currency
BRICS is looking to topple the U.S. dollar global reserve status by controlling a major portion of the oil sector. In the first instance,...
Bolivia Ditches U.S. Dollar, Pays Chinese Yuan for Global Trade
The BRICS alliance is becoming successful in convincing developing countries to end reliance on the U.S. dollar and pay in the Chinese Yuan as...