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Nalezeno "dollarization": 199

Economic Woes and De-Dollarization Drive Historic Gold Rally


Gold prices have surged over 36% in the past year, now coasting along at a record $3,237 per ounce as of April 13, 2025, driven by central bank acquisitions, geopolitical instability, and shifting monetary policies. Gold’s 2025 Rally Tops $3,200 on Trade Wars and Fiscal Risks Gold prices have...

Deutsche Bank Warns of Significant De-Dollarization Risks Among US Allies


Deutsche Bank has issued a warning regarding the potential risks to the U.S. dollar’s status as a global reserve currency, citing concerns over the reliability of the Federal Reserve’s liquidity backstop, particularly its dollar swap lines. In light of informal discussions among...

Nigerian Oil Marketers Denounce Oil De-Dollarization Policy


Olufemi Adewole, Executive Secretary of DAPPMAN, warns that Nigeria’s Naira-for-crude oil transaction framework could destabilize foreign exchange (FX), deter foreign direct investment (FDI), and worsen economic challenges. He highlights the volatility of the Naira and stresses that crude...

Zimbabwe Not Ready to De-Dollarize, Says Finance Minister


Zimbabwe’s Finance Minister Mthuli Ncube stated that the country must regain access to credit lines before adopting the Zig as its sole currency. He emphasized the need to restructure $21 billion in debt, as Zimbabwe has been locked out of capital markets since 1999 due to defaulting on its debt....

Trump’s Tariffs, Sanctions to Speed up De-Dollarization, Economist Says


A former chief economist at the African Export-Import Bank said many governments are increasingly promoting the use of local currencies to reap the economic benefits of having an international currency. De-Dollarization Is Not a New Phenomenon According to Hippolyte Fofack, former chief economist...

Latam Insights Encore: Brazil Can Lead the Way to Full BRICS De-Dollarization


Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the recent movements by Brazil to further push de-dollarization within BRICS and how this might affect the trading framework of the entire...

US License Expiration Imperils Russia-China Trade in Chinese Yuan


A U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and more expensive for Russian businesses to trade with China in yuan. The yuan is currently the most traded foreign currency in Russia after Western sanctions...

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