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REPORTS

Pakistan pushes local currencies in trade to reduce reliance on US dollar

Pakistan is pushing for greater use of national currencies instead of the US dollar in international trade.

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ECONOMY

Dollar, SWIFT completely removed from Iran-Russia trade: CBI chief

Iran’s top banker says the country has no trade transaction with Russia that is based on the US dollar.

CBI headquarters

ECONOMY

Dollar, gold fall slightly in Iran market after presidential elections

Dollar and gold prices drop slightly in Iran after Pezeshkian’s victory in presidential elections.

dollar notes

ECONOMIC DIVIDE

BRICS and the new currency

De-dollarization has begun to take effect as the BRICS nations work towards establishing a new national currency.

IRAQ

"Iraq to restrict all internal transactions to dinar next year, instead of US dollar"

Iraq's central bank says all internal transactions across the country will be carried out using the national currency as of next year, instead of the US dollar.

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CHINA

20 countries favor membership in BRICS: Russian diplomat

BRICS represents about one-fifth of the world’s economy.

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ON THE NEWS LINE

Countries moving away from the dollar

The US Treasury Secretary admits that Washington's practice of imposing sanctions against other nations has put the dollar's dominance at risk.

INFOCLIPS

US sanctions, its dollar weaponization accelerating global de-dollarization move 

US Treasury Secretary says the global de-dollarization move is gaining momentum.