In Kosovo, Fake €2 Coins Used As Tender Due To Ubiquity And Quality
In Kosovo, the ubiquity and quality of counterfeit €2 coins has led baristas in local cafes to give up on trying to check them for authenticity, since the majority they…
Gazprom Subsidiary Almost Entirely De-Dollarized
A division of Russian energy giant Gazprom, the Russian oil producer Gazprom Neft, has nearly eliminated all usage of the US dollar and euro in its trade of crude oil…
Leading Currency Economist Says De-Dollarization Accelerating
In Thursday, Stephen Jen, the CEO of Eurizon SLJ Capital Limited, said in an interview with Die Welt that since February of 2022, compared to the last fifteen years, the…
Moscow Notes, Russia-China De-Dollarization Nearly Complete
Georgy Zinoviev, the director of the Russian Foreign Ministry’s First Asian Department recently told RIA Novosti News that the de-dollarization of Russia-China trade is nearly complete. He noted that over…
BRICS Continues “Difficult” Work Of Creating New Currency
On Thursday, Dmitry Birichevsky, the head of the department for economic cooperation at Russia’s Foreign Ministry, said that although the BRICS nations are making progress in establishing a single currency…
Argentinian Peso Risks Further Devaluation After Election – Reuters Poll
A new Reuters poll of economists finds most feel the Argentinian peso is at risk of undergoing another devaluation following the Presidential election in October, as well as a potential…
Türkiye Pushes To Trade With Russia In National Currencies
In comments made during a meeting with Russian President Vladimir Putin in Sochi on Monday, Turkish President Recep Tayyip Erdogan emphasized the importance he ascribes to national currencies for cross-border…
Lavrov – Russia Moving Away From “Unreliable” Dollar
On Friday, Russian Foreign Minister Sergey Lavrov said that Moscow will continue expanding its trade relationships with countries it deems “friendly” as it looks to boost the use of national…
Euro’s Use In International Trade Settlements Plummeting
This week, RIA Novosti, citing data from SWIFT, reported that the euro’s use in international settlements fell to the lowest level on record in July, According to the data, the…
India Moves To De-Dollarize Trade With UAE
A new Reuters report says that the Reserve Bank of India has begun asking local banks to no longer use the US dollar in trade with the United Arab Emirates,…
