de-dollarization
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Reliance on US dollar to decline in international trade: CBI chief
Tehran, IRNA - Governor of the Central Bank of Iran (CBI) Mohammad-Reza Farzin says the Islamic Republic, Russia and China are closely working to reduce reliance on the US dollar in international dealings.
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Iran speaker: De-dollarization helps reduce US pressure on emerging economies
Tehran, IRNA – Iran’s Parliament Speaker Mohammad Baqer Qalibaf has said that de-dollarization and use of alternative currencies will help reduce US pressure on emerging economies.
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Iran, Russia universities agree on joint work for de-dollarization
Moscow, IRNA - Presidents of Imam Hossein University (AS) and Plekhanov University of Economics of Russia signed a memorandum of cooperation and agreed to work together in the field of de-dollarization.
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Russia halts dollar, euro trade on Moscow Exchange
Tehran, IRNA- The Moscow Exchange (MOEX) has stopped trading in dollars and euros, a move prompted by a new round of US sanctions targeting Russia’s financial institutions.
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Russia’s Putin signs law on use of digital assets in intl. payments
Tehran, IRNA - Russian President Vladimir Putin has signed a law allowing the use of digital assets in international payments, countering a campaign by the United States and its European allies to cut off Russia from the global financial system.
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Egypt moves to ditch US dollar in trade
Tehran, IRNA -- Egypt has taken bold steps to move away from the US dollar in trade as part of a broader campaign by the BRICS group of emerging economies to use local currencies for trade and investment between each other.
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Key BRICS members speeding up de-dollarization bid: Report
Tehran, IRNA – Russia, China, and India have ditched the US dollar in 95% of their trade transactions in what is certainly a sign of growing de-dollarization efforts by the three main members of the BRICS bloc of emerging economies, a report by Watcher.guru website shows.
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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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Iran, Russia agree to ditch dollar, trade in national currencies
Tehran, IRNA - The establishment of new financial and banking platforms has opened a “new chapter” in banking relations between Iran and Russia, with the two countries agreeing to ditch the US dollar and instead trade in local currencies.
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BRICS members’ trade to reach $500b in 2024
Tehran, IRNA – The World Bank has released up-to-date data, showing that trade exchanges among member states of the BRICS group of Brazil, Russia, India, China, and South Africa are expected to reach 500 billion dollars in 2024.
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95% of trade between China, Russia no longer done in dollars: Report
Tehran, IRNA – The politicization of the dollar and using it as an economic weapon has made the de-dollarization process inevitable, so 95% of trade between China and Russia is no longer done in dollars.