Tag: USD
What Iraq’s Cash Ban Means for the Global Status of USD
Although not a part of the BRICS alliance, Iraq has recently instituted a ban on cash withdrawals and transactions in US dollars. Moreover, that...
Could Bitcoin be a Global Reserve Replacement to USD?
The BRICS economic alliance has long championed its efforts to lessen the prominence of the US dollar internationally. Yet, as they continue to develop...
BRICS Expansion Projected To Reduce 90% Of USD Oil Sale Settlements
BRICS could shift the global power dynamics in their favor by controlling the majority of the world’s oil and gas trade. The bloc is...
Warren Buffet Predicts How Long USD Will Remain Global Currency
The BRICS alliance is looking to combat the U.S. dollar’s global reserve status by settling trade in local currencies. BRICS is challenging the USD...
India Refiners Ditch USD, Pay Chinese Yuan For Oil Trade
Indian refiners including the Indian Oil Corp (IOC) have started settling payments for oil with China using the Chinese Yuan. The oil was procured...