Russia

Dollar Dominance Under Threat: 5 New Challenges to the Greenback’s Reign

News Articles / /

The Dollar’s Dominance of Global Trade and Reserves is Facing Several New Threats Getty Images The dollar’s supremacy in global trade faces fresh challenges as several countries float plans to use local currencies in commerce. Russia and Iran are working to create a gold-backed stablecoin, while China is increasingly using the yuan in its oil trades. […]

Dollar Dominance Under Threat: 5 New Challenges to the Greenback’s Reign Read More »

Dollar Dominance: Russia, Iran Eye Gold-Backed Stablecoin for Foreign Trade

News Articles / /

Russia and Iran are working together to launch a cryptocurrency backed by gold, Vedmosti reported. The stablecoin could replace the US dollar for payments if Russia legalizes crypto in crossborder trade. A “de-dollarization” trend has already begun as the greenback’s dominance makes purchases more expensive. Russia and Iran are working together to launch a cryptocurrency backed

Dollar Dominance: Russia, Iran Eye Gold-Backed Stablecoin for Foreign Trade Read More »

By Pegging Gold to the Ruble, Russia Has Just Wiped Out the Dollar’s Clout from the World Markets

News Articles / /

Russian puts the ruble on the gold standard. This move to encourage domestic gold inflows to the Russian Central Bank. How Russia has weaponized its gas trade with Europe to strengthen its currency? Russia to declare the ruble as a substitute for Gold. Trump said that Putin is a really smart leader. Well, he said

By Pegging Gold to the Ruble, Russia Has Just Wiped Out the Dollar’s Clout from the World Markets Read More »

Scroll to Top