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Prisoner swap, release of Iran’s assets unrelated: FM
Aug 14, 2023 10:49Iranian 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 11:04Bolivia 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 09:59Pakistan 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 06:53US 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 03:20The 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.
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End of US dollar dominance on global market is nigh, top Russian banker predicts
Jun 10, 2023 12:21A distinguished and powerful Russian banker says the end of the dominance of the US dollar is nigh as the Chinese yuan rises and the rest of the world sees the peril of the West’s failed attempt to bring Russia to its knees over Ukraine.
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Iran businesses welcome Pakistan’s approval of barter trade
Jun 04, 2023 00:50Iranian businesses expect a major surge in exports to Pakistan after Islamabad issued a special order that allows barter trade with three countries including Iran.
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Americans deep in debt, owing banks $1 trillion in credit cards
May 31, 2023 04:35An unprecedented level of debt has plunged average Americans into dire economic straits, adding to the hardships of citizens trying to make ends meet amid soaring inflation.
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Turkey's Lira sinks to fresh record low after Erdogan re-elected
May 29, 2023 08:03The Turkish lira has sunk to a record low after long-time leader Recep Tayyip Erdogan secured his victory in the 2023 presidential election, saving his place at the helm for a new term in office.
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Iran’s sovereign wealth fund says it has assets worth $150bn
May 29, 2023 02:28Iran’s sovereign wealth fund has rejected claims it has been depleted of resources by saying that assets owned by the fund is worth some $150 billion.