Tag: USD
Argentina Allows Banks To Open Chinese Yuan Accounts, Ditch USD
In a move that is changing the geopolitical landscape of the financial world, Argentina allowed banks to open accounts for customers who intend to...
BRICS Bank That Was Built To Challenge U.S. Dollar Now Needs USD
The China Development Bank launched the ‘New Development Bank’ (NDB) with BRICS to challenge the U.S. dollar. The NDB is now facing trouble lending...
Iraq Bans U.S. Dollar, Egypt Ditches USD, France & Pakistan Pay With Chinese Yuan
Iraq’s Interior Ministry placed a ban on U.S. dollar transactions across the country in a move to strengthen the Iraqi Dinar. The country wants...
Economist Shares How it Can Challenge USD
In a recent discussion, the University of Johannesburg’s Alexis Habiyaremye, a noted economist, discussed how the BRICS currency could challenge the USD privilege. Specifically,...
Bangladesh, India to Trade Local Currency to Cut USD Dominance
Bangladesh and India will begin trading in their own local currencies, cutting US Dollar dominance over the two. The decision to trade exclusively in...