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.
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China, Brazil trade in local currencies for first time: Xinhua
Tehran, IRNA - China and Brazil completed a commercial deal in their local currencies for the first time, with transactions financed and settled in renminbi (RMB) and converted directly into Brazilian reals, according to the Bank of China-Brazil SA.
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India, UAE agree to trade in local currencies
Tehran, IRNA – India and the United Arab Emirates have agreed to use their local currencies for cross-border transactions, amid attempts by Prime Minister Narendra Modi to increase the rupee’s role on the global stage.
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Iranian diplomat calls BRICS currency 'amazing' development
Tehran, IRNA - The potential emergence of a BRICS gold-backed currency, which could be supported by 41 large and influential economies, would weaken the dollar-euro domination in the global economy and would benefit countries such as Iran, an Iranian diplomat has said.
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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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Brazil’s Lula pushes for common currency in South America
Tehran, IRNA – Brazilian President has stressed the need for agreeing on the use of a common regional currency to replace it with the US dollar.
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Iran’s chief banker urges ACU member states to trade in local currencies
Tehran, IRNA – Governor of the Central Bank of Iran (CBI) has underlined the need for the member states of the Asian Clearing Union (ACU) to trade in their national currencies and other not commonly used currencies.
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Tehran seriously pursuing de-dollarization: CBI governor
Tehran, IRNA – The Central Bank of Iran (CBI) is seriously pursuing the policy of de-dollarization and intends to use alternative options to accelerate the global trend, says CBI Governor Mohammadreza Farzin.
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Iran determined to ditch US dollar in trade: CBI governor
Tehran, IRNA – De-dollarization is a strategic policy pursued by the Central Bank of Iran (CBI), says CBI Governor Mohammadreza Farzin.