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What is a BRICS currency and is the U.S. dollar in trouble?
Aug 23, 2023 · Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange ...
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Cash is leaving China again, pressuring yuan | Reuters
SHANGHAI/SINGAPORE, June 21 (Reuters) - A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China's domestic investors are shelving expectations for any immediate ...
China steps in to stem yuan slide, shore up confidence
Jun 27, 2023 · China's monetary authorities took forceful action against a sliding currency for the first time in nearly eight months on Tuesday, with the country's state banks acting to put a floor under the ...
Iraq revalues currency to 1,300 dinars per USD, state news agency …
Feb 7, 2023 · Iraq's cabinet approved a currency revaluation on Tuesday and set the exchange rate at 1,300 dinars per U.S. dollar, the state news agency reported.
Exclusive: Iraq to end all dollar cash withdrawals by Jan. 1 2024 ...
BAGHDAD, Oct 5 (Reuters) - Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1 2024 in the latest push to curb the misuse of its hard currency reserves in financial crimes ...
US dollar to weaken, but Fed rate cuts are required, say strategists ...
Jun 5, 2024 · Analysts have been predicting dollar weakness just around the corner for months. But the greenback has continued to extend its dominance against most major currencies, with the dollar index (.DXY ...
Ethiopia's birr drops 30% as central bank floats currency
Jul 29, 2024 · Ethiopia's central bank floated the birr currency on Monday, a move it hopes will secure International Monetary Fund (IMF) support and enable progress on a long-delayed debt restructuring.
US dollar to remain world's reserve currency, Fed's Waller says
Feb 15, 2024 · Federal Reserve Governor Christopher Waller on Thursday laid out the case for the world's continued reliance on the U.S. dollar and the currency's dominance in international trade, a key advantage ...