Dedollarization

In dire straits, China selling dollars offshore to save tanking yuan

The yuan's value onshore hit a low of 7.3280 per dollar in November, 'levels last seen during the 2008 global financial crisis, while the offshore yuan dropped to a record low of 7.3746'

Egypt drubs dollar in trade with BRICS nations

Egypt now seeks to use local currencies to pay for its imports from India, China, and Russia – key members of the BRICS

Dedollarisation: China's state-owned banks cut interest rates on dollar deposits to boost forex trade in yuan

In China, interest rates offered by the banks on dollar deposits of $50,000 and above have been capped at 4.3 per cent

After the stalled rupee-oil trade with Russia, India should be cautious on BRICS currency

At a time when over 85 per cent of global trade is still being transacted in US dollars and President Biden is playing ping-pong with his nation’s China policy, New Delhi cannot afford to take more risks that it can do without until there is greater clarity

Gold is going to be record costly and de-dollarisation is the reason

Dedollarisation is picking up quick and fast; the Ukraine war has fueled the speed of countries moving away from the American dollar, to circumvent Western sanctions

Drubbing the Dollar: China and Brazil ditch dollar, strike deal to settle trade in yuan, real

China overtook the US in 2009 to become Brazil's largest trading partner. Beijing accounts for more than a fifth of all imports in Brasília