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3232Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
https://www.digit.info/brazils-president-lula-urges-developing-countries-to-abandon-dollar-as-global-reserve-currency/
Thu, 13 Apr 2023 17:30:05 +0000https://www.digit.info/2023/04/13/brazils-president-lula-urges-developing-countries-to-abandon-dollar-as-global-reserve-currency/Read more]]>According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the […]
]]>Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner
https://www.digit.info/saudi-arabia-strengthens-bond-with-china-by-joining-sco-bloc-as-dialogue-partner/
Sat, 08 Apr 2023 17:30:14 +0000https://www.digit.info/2023/04/08/saudi-arabia-strengthens-bond-with-china-by-joining-sco-bloc-as-dialogue-partner/Read more]]>China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet approved the decision to become a dialogue partner. The Cabinet’s decision […]
]]>China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase
https://www.digit.info/china-makes-advances-in-ditching-the-us-dollar-for-settlements-inks-deal-with-brazil-and-completes-first-yuan-lng-purchase/
Fri, 31 Mar 2023 09:49:58 +0000https://www.digit.info/2023/03/31/china-makes-advances-in-ditching-the-us-dollar-for-settlements-inks-deal-with-brazil-and-completes-first-yuan-lng-purchase/Read more]]>China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural Gas (LNG) with a French company using yuan as payment. […]
According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the […]
China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet approved the decision to become a dialogue partner. The Cabinet’s decision […]
China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural Gas (LNG) with a French company using yuan as payment. […]