US Dollar’s Outlook Bleak – Report
According to a new analysis from Eurizon SLJ Capital, the US dollar may lose as much as 15% of its value against major world currencies in the next 18 months,…
ASEAN Meeting Focuses Of Shifting Trade Settlements Away From Major Currencies
On Tuesday, a new meeting of the Association of Southeast Asian Nations (ASEAN) began in Indonesia, bringing together the Finance Ministers and Governors of the ASEAN nations. At the top…
India And Bangladesh Move Toward De-Dollarizing Trade
According to a new report from United News of Bangladesh (UNB), India may soon expand its de-dollarization of its trade settlements, settling its trade with Bangladesh in rupees instead of…
India And Malaysia Ditch Dollar, Will Settle Trade In Rupees
On Saturday, the Indian Ministry of External Affairs (MEA) released a statement announcing that India and Malaysia have struck a deal to settle their trade obligations in Indian rupees. The…
Brazil And China Agree To Trade In Mutual Currencies, Dumping Dollar
According to new media reports, China and Brazil have inked an agreement to abandon the dollar as a currency intermediary in trade deals, instead settling in mutual currencies. The parties…
China Settles First LNG Contract In Yuan
On Tuesday, the Shanghai Petroleum and Natural Gas Exchange announced that China has just completed its first trade of liquified natural gas (LNG) settled in yuan. CNOOC, the Chinese state-owned…
Key Asian Bloc To Dump Dollar, Pound, And Euro For Local Currency Trade Settlements
According to a new report in the news magazine Tempo, the Association of Southeast Asian Nations (ASEAN) is about to hold discussions about dropping the use of the US dollar,…
Poland Resists Adopting Euro
Adam Glapinski, the governor of the central bank of Poland, has urged the Polish government to retain the national currency, the zloty, and not discard it in favor of the…
US Cautions Russia And China Over Replacing Dollar
On Thursday, United States Treasury Secretary Janet Yellen warned Russia and China they will face substantial difficulties as they seek to replace the United States dollar in international trade. As…
Russia To Ditch Dollar And Euro For Yuan In International Settlements
On Tuesday, while meeting with Chinese president Xi Jinping, who is in Moscow for a three day official visit, Russian President Vladimir Putin said that Russia is prepared now to…
