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A glance at speedy global de-dollarization/ Dollar US' main weapon
Jul 14, 2024 09:00Pars Today- In the wake of various countries' effort to confront the US unilateral policies, dollar was omitted from Iran-Russia transactions. Iran's parliament speaker, Mohammad Baqer Qalibaf, said that all transactions between Iran and Russia are done without dollar, stressed, "The reason for omission of dollar in transactions is to encounter the American unilateral policies."
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Dollar hegemony and crisis of Japan's military dependence on American equipment
Jul 10, 2024 07:06Pars Today- This year's devaluation of yen against dollar has been the lowest in four decades which has undermined Japan's plans for greatest military changes in history after WWII.
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Iran’s released assets to be used for boosting national currency: CBI official
Sep 27, 2023 06:57An official at the Central Bank of Iran (CBI) said that Iran’s assets released from South Korean banks will be used for improving the value of the national unit of currency ‘rial’.
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Central Bank: Iraq to restrict all internal transactions to dinar next year, instead of US dollar
Sep 25, 2023 08:23Iraq’s Central Bank says the country will restrict all its internal commercial and other transactions to the Iraqi dinar instead of the US dollar as of next year.
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De-dollarization among BRICS members ‘irreversible’: Putin
Aug 23, 2023 08:48Russia's President Vladimir Putin says the shift away from the US dollar in internal trade among the members of the BRICS, an intercontinental geopolitical bloc, is an "irreversible process."
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Prisoner swap, release of Iran’s assets unrelated: FM
Aug 14, 2023 14:19Iranian Foreign Minister Hossein Amir-Abdollahian dismissed any connection between the exchange of prisoners with the US and the release of Iran’s assets frozen abroad.
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Bolivia replaces US dollar with Chinese yuan in foreign trade
Jul 29, 2023 14:34Bolivia has started using the yuan, the currency of China, for its international payments for the import and export of goods, joining Brazil and Argentina in a small but growing challenge to use the Chinese currency against the hegemony of the US dollar.
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Pakistan pays for first shipment of Russian oil in yuan
Jun 14, 2023 13:29Pakistan has paid for its first import of discounted Russian crude oil in China's yuan, marking a significant shift in the South Asian country's policy of paying for exports in US dollars, and opening a new chapter in the bilateral relations between Islamabad and Moscow.
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US must expect gradual decline in dollar's share of global reserves: Yellen
Jun 14, 2023 10:23US Treasury Secretary Janet Yellen says Washington should expect a gradual decline in the dollar's share of the global reserve, as the global de-dollarization move is gaining momentum.
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Dollar drops against Iran’s rial on nuclear deal signals
Jun 12, 2023 06:50The US dollar has logged its biggest daily drop in months against Iran’s currency the rial amid stronger signals that an international nuclear deal between Iran and world powers could be revived in the near future.