Turkey’s lira is likely to drop sharply and could near 30 to the dollar following next month’s elections, bankers at JPMorgan have predicted, if it looks like only modest changes will be made to its unorthodox economic policies. Turkey's lira is likely to drop sharply and could near 30 to the do ...
The US treasury secretary has warned that economic sanctions imposed on other countries like Russia and Iran threaten the dominance of the dollar in the global economic market. Alwaght- The US treasury secretary has warned that economic sanctions imposed on other countries like Russia and Iran ...
The Turkish economy is expected to experience further inflation and growth decline after election, regardless of who wins. Alwaght- Less than a month to the presidential elections in Turkey, inflation crisis makes the hot debate topic of the campaigns, and six powerful opposition parties have gather ...
The days of US dollar hegemony appear to be numbered as multiple countries have adopted alternative currencies to the US dollar for international transactions. The days of US dollar hegemony appear to be numbered as multiple countries have adopted alternative currencies to the US dollar for internat ...
Iranian President Ebrahim Raeisi emphasized on de-dollarization as a pivotal necessity to form a just international system, while addressing the 23rd virtual summit of the Shanghai Cooperation Organization (SCO). Alwaght- Iranian President Ebrahim Raeisi emphasized on de-dollarization as a pivotal n ...
India and the United Arab Emirates (UAE) agreed to carry out their bilateral trade in their own national currencies, reducing dependence on the US dollar. Alwaght- India and the United Arab Emirates (UAE) agreed to carry out their bilateral trade in their own national currencies, reducing ...
The BRICS group of nations would continue discussions on the practical use of local currencies to facilitate trade and investment flows, South African President Cyril Ramaphosa said on Wednesday during the BRICS summit in Johannesburg. Alwaght- The BRICS group of nations would continue discussions o ...
BRICS is expanding itself to make sure it is large and powerful enough to challenge Western institutions, on top of them G7. Alwaght- In today's world, major international analysts talk about acceleration of the process of transfer of economic and political power hubs from the West to the East. ...
The US dollar’s share in global foreign exchange reserves has slowly declined for decades. However, amid its increasingly frequent use as a “coercion weapon” on a state level, the dedollarization trend has been gaining momentum, with US restrictions serving to ignite greater trade in local currencie ...
The Israeli regime has so far stolen millions of dollars from Gaza banks and homes and blocks cash flow to the besieged. Alwaght- Massive destruction of health infrastructure and hospitals, routes, communication, and famine are not the only consequences of Israeli war on Gaza, and the Gaza people no ...