US dollar
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Iran’s hard currency income up 18.6% y/y in June quarter: CBI
Tehran, IRNA – Figures by the Central Bank of Iran (CBI) show the country’s hard currency income rose 18.6% in the quarter to late June compared to the same period last year.
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BRICS to release bonds in local currencies in fresh de-dollarization drive
Tehran, IRNA – BRICS, a bloc of leading emerging markets, is preparing to launch new bonds in global markets, which will be available in local currencies rather than in the US dollar.
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US dollar under threat as BRICS nations plan to develop exports
Tehran, IRNA – BRICS, an association of leading emerging markets, is set to develop exports this year, which could threaten the US dollar, as the bloc moves ahead with its plan to reduce dependency on the American currency in an effort to reform the global economy.
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Iran, Oman to boost bilateral cooperation, call for using nat’l currencies in mutual trade
Tehran, IRNA – Iran and Oman have signed two memoranda of understanding to boost bilateral cooperation, and emphasized the importance of using their national currencies in mutual trade instead of the dollar.
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Official: BRICS summit to focus on reducing reliance on dollar
Tehran, IRNA – Deputy President of South Africa Paul Mashatile has said that the upcoming BRICS is to focus on reducing reliance on the dollar.
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South Africa FM backs less reliance on US dollar
Tehran, IRNA - South Africa’s Foreign Minister Naledi Pandor has underlined that there must be less reliance on the US dollar.
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Iran’s currency rallies against US dollar
Tehran, IRNA- Iran’s national currency, the rial, is slowly rallying against the US currency, according to reports from the unofficial exchange market in the capital Tehran.
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Kenyan president urges African nations to ditch USD in bilateral trade: Report
Tehran, IRNA – President of Kenya, William Ruto, has called on the African nations to kickstart the de-dollarization process and use local currencies in bilateral trade among countries across the continent.
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Dollar hegemony stuck in Ukraine war swamp
Tehran, IRNA – The war in Ukraine could still accelerate the diminishing process of the West-centric financial system and encourage a group of countries to weaken the sanctions regime.