dollar

Erdogan calls on to dump dollars and use lira

Turkish President Recep Tayyip Erdogan called on citizens to use the Turkish lira instead of the U.S. dollar in transactions. “Leave the dollar and the rest. Let’s turn to our money, the Turkish lira. …

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Bloomberg calculates Russia's loss from dollar dump

The first year of experiment in diversifying away from the U.S. dollar cost Russia about $7.7 billion in potential returns, Bloomberg reported. Russia’s central bank added exposure to underperforming currencies such …

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Putin: U.S. uses dollar as political weapon

Russian President Vladimir Putin warned that U.S. policies of using the dollar as a political tool will backfire. “With respect to the U.S. dollar, it is a special topic to discuss," he said at the …

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U.S. dollar rises amid data

The U.S. dollar rose in late trading as investors digested a batch of major economic data, Xinhua reports. Total inventories of merchant wholesalers were 679.1 billion U.S. dollars at the end of July, up 0.2 percent from the revised …

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Dollar loses value in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 475.91/$1 in Armenia on Thursday; this is down by AMD 0.03 from the previous day in the country, according to the official website of the Central Bank …

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Beijing sets yuan at its weakest level since 2008

China’s yuan inched up in early trade today, despite the central bank setting its official midpoint past the key seven to the dollar threshold for the first time since global financial crisis. The People's Bank of China (PBOC) …

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Tenge hits new record low

The Kazakh tenge dropped to 386.9 per dollar on the Kazakhstan Stock Exchange (KASE) this morning as of August 6, 2019, the press service of KASE said. The maximum dollar selling rate in exchange offices of Nur-Sultan is 387.2 …

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Dollar surges above 65-ruble mark

The dollar exchange rate exceeded 65 rubles for the first time since June 7 during the today's trading on the Moscow stock exchange. The dollar was worth 65.02 rubles as of 12:09 (Moscow time). The euro exchange …

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Russia becomes leader in dumping dollar

Russia has became one of the main drivers in the process of dedollarization last year, the European Central Bank said in its June report on the strengthening of the role of the euro in the global economy. According to the authors of the …

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Dollar sets new anti-record of 2019

The dollar exchange rate dropped to 63.31 rubles during the today's trading on the Moscow stock exchange. Yesterday the dollar was worth 63.91 rubles. Oil jumped more than 3% to above $63 a barrel today after Iran …

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 U.S. Fed holds interest rates steady

The U.S. Federal Reserve held interest rates steady but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation. …

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