Investors Say Argentina Could See Boom Due To Dollarization
In an interview on Tuesday, Mark Mobius, a founding partner of Mobius Capital, said that Argentina’s potential adoption of the dollar could prove to be an economic boon, as it…
Russia And China Nearly Complete De-Dollarization
On Monday, Russian First Deputy Prime Minister Andrey Belousov announced that Russia and China have now nearly completely phased out the use of all Western currencies in trade between the…
Yuan Overtakes Euro As Trade Funding Currency
On Friday, Reuters reported that as borrowing costs in the West are skyrocketing, global businesses are making record-sized profits through investments in yuan-denominated bonds, as they are also borrowing at low…
Venezuelan Foreign Minister Confirms De-Dollarization Plans With Russia
On Thursday, Venezuelan Foreign Minister Yvan Gil Pinto announced that Russia and Venezuela are making progress toward de-dollarization, and may soon switch to trading in national currencies. Pinto was speaking…
Thailand To Move Away From The Dollar, Use Local Currencies
The deputy governor for monetary stability of the Bank of Thailand, Alisara Mahasantana, has come out and said that the regulator fully supports the use of local currencies for settlement…
Russian Forex Reserves Continue To Grow
This week the Russian central bank reported that the nation continued to increase its foreign currency reserves, which as of October 20th stood at $569.6 billion. The regulator noted that…
Musk Says US Went Overboard Weaponizing Dollar
Elon Musk has warned that in “weaponizing” the dollar as a means of damaging the national economy of Russia by stymying its ability to conduct international trade settlements through sanctions,…
Ruble Continues To Surge Against The Dollar
On Monday, the Russian ruble gained ground against other major currencies, inching above 94 rubles to the dollar, the first time it rose that high since September 13th, according to…
Egypt Downgraded For Second Time This Month
As Egypt is caught in a struggle with a severe deficit of hard currency, the country has been downgraded again, for the second time this month. The nation’s credit worthiness…
China Selling Off US Securities
In August Chinese investors sold off more US stocks and bonds than at any time in the last four years, according to new data released by the US Treasury Department…
