Beijing/Washington, Dt.30 (News agency) – Just as the G-7 summit, held recently in Japan, concluded by proclaiming an end to the currency war, China declared the devaluation of its currency the ‘Yuan’. In the week of the summit itself, the Chief of the U.S. Federal Reserve, Mr. Janet Yellen signalled the hiking of interest rates. […]
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Moscow/Caracas – The Foreign Minister of Venezuela, Yvan Gil Pinto, currently visiting Russia, has announced de-dollarisation from the ongoing bilateral trade with Russia. Foreign Minister Pinto also clarified that the two countries have agreed on this, and the process of using the national currencies is in the final stages. Besides, Russia has welcomed this and […]
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Washington/Beijing – The top US newspaper has claimed that the model of economic progress that took China to become the second-largest economy in the world is over. The data revealed in the last few months confirm that the Chinese economy, which has maintained the pace of economic growth for nearly four decades, encompasses various crises. […]
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Washington – Former US President Donald Trump expressed concern about the future of the US dollar, saying, ‘We have something very powerful, and that’s our dollar. But take a look at what’s happening to it now with other countries not using it, and you know China wants to replace it with the Yuan, which was […]
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Beijing – China’s leading intelligence agency has appealed to all Chinese citizens to be involved in espionage to thwart the ongoing espionage efforts of foreign powers. Besides, it has surfaced that the agency named the Ministry of State Security (MSS) created its social media account and published such posts. In April, the Chinese Communist government […]
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Beijing – The Chinese Communist regime’s economic advisor warned that if the problem of rising unemployment in China is not handled properly, it will have serious social consequences beyond the financial arena. He also warned that the unemployed youth might pose a political threat. He said that multinational companies have been retreating from China after […]
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Brasilia – The President of Brazil, Lula da Silva, demanded that BRICS develop a new global currency. The President of Brazil gave information on initiating talks with China regarding this. He had earlier also insisted not to use the US dollar in business. Brazil has stopped using the dollar in trade with China. Against this […]
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Beijing – Global Times, a mouthpiece of the Chinese government, claims that India, which the United States has poised against China, is accelerating the de-dollarisation. Global Times reported that India’s preference to trade in rupees depicts its loss of faith in the US dollar. As China is trying to replace the US dollar with its […]
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Moscow – Alexander Novak, Deputy Prime Minister of Russia, has claimed that Russia has completely moved away from the dollar and Euro as a currency to trade oil and are focused on regional currencies. He said Russia had traded oil with China in exchange for Yuan and Rubel. The International Energy Agency (IEA) recently declared […]
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Washington – When the United States uses the dollar to carry out economic sanctions, the dominance of the dollar will be at risk in the international economy, claimed the US Treasury Secretary Janet Yellen. At this time, she also admitted that countries like China, Russia and Iran are looking for an alternative to the US […]
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