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Olufemi Adewole, Executive Secretary of DAPPMAN, warns that Nigeria’s Naira-for-crude oil transaction framework could destabilize foreign exchange (FX), deter foreign direct investment (FDI), and worsen economic challenges. He highlights the volatility of the Naira and stresses that crude oil transactions traditionally rely on the U.S. dollar for stability and global acceptability. Adewole cautions that deviating … Read more
Venezuelan Foreign Minister Yvan Gil stated that this new state of affairs in international trade was possible due to the push that Russia and the BRICS bloc exerted to bypass the U.S. dollar. Venezuelan Minister Yvan Gil: 25% of Trade Can Be Completed Away From the Dollar International trade markets have been evolving to open … Read more
Trump’s policies are undermining the U.S. dollar’s role as the world’s reserve currency, a financial expert warns, as global markets and major economies seek alternatives. Trump’s Policies Fuel Global Shift Away From US Dollar U.S. President Donald Trump’s policies are accelerating a global shift away from the dollar, warns Nigel Green, CEO of financial advisory … Read more
Trump believes that by using tariffs as a weapon, he can safeguard the current U.S. dollar’s status as the world reserve currency and stop de-dollarization. So far, this has been proven right in a limited way. Trump States That Countries Have Stopped Their De-Dollarization Efforts Stopping de-dollarization has become one of the priorities of President … Read more
Zimbabwe’s Finance Minister Mthuli Ncube stated that the country must regain access to credit lines before adopting the Zig as its sole currency. He emphasized the need to restructure $21 billion in debt, as Zimbabwe has been locked out of capital markets since 1999 due to defaulting on its debt. Clearing arrears would enable access … Read more
MARA Holdings says there will soon be a heated race among nations to gather Bitcoin, and the US needs to step up its game. Go to Source
Economic sanctions have a profound effect on international financial architecture, it turns out. Go to Source
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the recent movements by Brazil to further push de-dollarization within BRICS and how this might affect the trading framework of the entire bloc. Latam Insights Encore: Brazil Called to Lead … Read more
In a recent interview with Kitco News, Jp Cortez, the executive director of the Sound Money Defense League, discussed the growing sound money movement across the United States. Cortez emphasized the significance of legislative wins, such as the removal of sales taxes on precious metals in 45 states, and highlighted the increasing trend of de-dollarization. … Read more
A U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and more expensive for Russian businesses to trade with China in yuan. The yuan is currently the most traded foreign currency in Russia after Western sanctions and Russia’s de-dollarization efforts. Chinese banks are wary … Read more