Donald Trump’s recent victory in the United States presidential election has opened a discussion: can bitcoin, a decentralized currency, become an ally to strengthen the US dollar? This debate focuses on a key promise of his campaign: the creation of a Bitcoin Strategic Reserve. According to a Report by Zack Shapiropolicy director at the Bitcoin … Read more
Russian President Vladimir Putin denied that Russia is seeking to abandon the use of the US dollar in its international transactions. This statement came this week during his speech at the Valdai International Discussion Club, where he took the opportunity to congratulate Donald Trump on his victory in the recent United States presidential election. “We … Read more
Russian President Vladimir Putin proposed the creation of an exclusive economic platform for the BRICS countries. This with the objective of strengthening the economies of the member states of the association. During his speech at the BRICS Summit, which ends today, Putin stressed: “The time has come to discuss the idea of creating our own … Read more
BRICS Pay will be officially launched at the end of the year. The tool is expected to allow payments with Visa, Mastercard and WeChat Pay. As part of the BRICS Business Forum held in Russia on October 17 and 18, participants in the event received new cards to test one of the long-awaited tools that … Read more
Rickards believes that the purchase of gold by the US would restore confidence in the dollar Gold would also prevent bitcoin from ending up replacing the dollar. The diversification of investments towards tangible assets such as gold is the recommendation made by economist Jim Rickards as a way to face the de-dollarization process currently underway. … Read more
They hope that the cut of interest rates and the fears of fiscal deficit weaken the dollar. Geopolitical tensions could spread far beyond this fourth quarter. UBS, a leader in global financial services, is recommending to investors to reduce their exposure to the dollar, opting for diversification with other coins in G10 countries, as well … Read more
The probable presentation of a new route plan in the de-dollarization process and the continued expansion of the BRICS bloc, under the impetus of an alliance between China and Russia, has already begun to raise red flags globally. The issue was part of the concerns discussed at the United Nations General Assembly held a few … Read more
Key facts: The main challenge will be to make renminbi available to oil-importing countries. The introduction of the petroyuan will increase the fragmentation of the global financial system. As part of the BRICS’ de-dollarization plan, the group of countries led by Russia and China is also evaluating new payment alternatives for global oil trade. The … Read more
Although a few years ago it seemed like something very far-fetched, many of the analyses currently being carried out on the situation of fiat currencies are giving signs that they are approaching a collapse. This is a situation that is getting worse as news of this situation becomes known. the serious problems affecting the major … Read more
Within the framework of the de-dollarization efforts being undertaken by the group of countries that make up the BRICS alliance (initially made up of Brazil, Russia, India, China and South Africa), the establishment of a joint payment mechanism – which facilitates international trade – will be one of the key issues to be discussed at … Read more