The Start Of De-Dollarization: China’s Move Away From The USD
Recent findings from the Hinrich Foundation indicate that China’s shift away from the USD signifies the commencement of de-dollarization. Furthermore, data reveals that the percentage of settlements conducted in RMB has now exceeded those in USD. Like many other nations, China has settled the majority of its cross-border payments in US dollars (USD) since 2010. […]
BRICS Expansion Goes Hand In Hand With De-Dollarization And Decline Of ‘US Empire’
Professor and economist Richard Wolff said that BRICS expansion goes hand in hand with de-dollarization and the decline of the ‘US empire’. The expansion of the BRICS group of emerging economies has coincided with the US dollar’s loss of dominance as the world’s reserve and trade currency. Professor and economist Richard Wolff said that the […]
Asian Central Banks To Adopt Iran’s SWIFT Alternative As De-Dollarization Accelerates
As de-dollarization accelerates, the central banks of Asian countries that are part of the Asian Clearing Union will adopt Iran’s SWIFT alternative, SEPAM. The central banks of Asian countries that are part of the Asian Clearing Union will adopt Iran’s SWIFT alternative as de-dollarization accelerates. In the latest shot fired in the growing rebellion against […]