Iran denies reports it suffered losses because of converting its dollar debts from Iraq to dinar.

Here are Press TV's latest top stories, 02:00 GMT on April 5, 2023.

China and Brazil reach a deal to trade in their own currencies.

Iran’s rial gains against major currencies after an agreement to resume diplomatic ties with Saudi Arabia.

The UK pound has reached a record 37-year low against the dollar, raising speculations as to whether the British economy is already in recession.

The diminishing dominance of the US dollar will lead to the continued shrinking of the country's economic and geopolitical influence, according to an expert.

The process of de-dollarization has been something Russia has worked on for years.

The euro and dollar are at parity for the first time in 20 years.

The US dollar has been regarded as the world’s number one currency, but it is being challenged like no other time in history.

The war in Ukraine has proven to be a catalyst, pushing the world towards a new, multipolar order, that threatens to change everything from global dominance of the US dollar, to supply chains and international alliances.