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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China and Russia are reducing their exposure to the U.S. dollar
Nowadays the mainstream media is mainly focusing on the daily events relating to the trade war between the U.S. and China to understand what kind of consequences and impact it will have on the economy and on global politics. What has not received …
Russia to cut dollar share of its $125bn sovereign wealth fund
Russia wants to reduce the dollar’s share of its $125bn sovereign wealth fund as part of a Kremlin plan to “de-dollarise” the economy and shift towards the euro and the renminbi, FT reports. Vladimir Kolychev, …
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 …
Russia's Central Bank believes improper to completely reject dollar
The Bank of Russia does not consider prudent to completely abandon the dollar in international reserves, department director Alexei Zabotkin said in the State Duma today. "From my personal point of view, …
Russia says exploring settlement in euros, roubles for energy exports
Russian Economy Minister Maxim Oreshkin said the country is considering alternatives to the U.S. dollar for energy transactions and is exploring currency settlements in euros and roubles for energy exports to minimise U.S. exposure, Reuters …
Russia's Rosneft seeks euros for all new export deals
Rosneft has recently adjusted all the new contracts for export supplies to euros
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 …
China’s new digital currency could encourage worldwide use of the yuan
China’s proposed digital currency could trigger global use of the yuan
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 …
China and Russia to edge closer to reducing US dollar reliance
... with Moscow set to launch first yuan bond
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 …
Euro surges above 74-ruble mark for first time since April 1
The ruble exchange rate began to decline on the Moscow stock exchange today with the euro rising above 74 rubles for the first time since April 1. The dollar exchange rate increased by 0.36 rubles and was worth 66.37 rubles, while …
Trump Voices Dismay Over Strong Dollar, Renews Call for Fed Cut
President Donald Trump again took aim at the U.S. currency, taking a step closer to scrapping longstanding official support for a strong dollar, Bloomberg reports. “One would think that I would be thrilled with our very strong …
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) …
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 …
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 …
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 …
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 …
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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