U.S. Dollar

The China-dominated BRICS economic bloc on Thursday announced it has added 13 nations as “partner countries,” including three African nations: Nigeria, Algeria, and Uganda. These partners will have much more limited involvement than full BRICS members, but some or all of them could aspire to membership in the future.

The foreign ministers of BRICS member nations – and another 13 countries interested in collaborating with the anti-Western bloc – convened in Russia on Monday for a meeting outside of the confines of the BRICS annual summit to discuss, among other issues, ways to expand trade without the use of the U.S. dollar.

During an interview with the Fox Business Network on Wednesday, Treasury Secretary Janet Yellen answered a question on how the U.S. is countering experiments in some parts of the world to move their trading away from the U.S. dollar by

Vladimir Putin said Javier Milei’s plan to use the U.S. dollar as currency in Argentina would bring a “significant loss of sovereignty.”

In Venezuela, the United States dollar has been vilified by the socialist regime time and time again for nearly a quarter of a century, and yet, at the end of the day, the Maduro regime can’t get enough of it.

Argentine Economy Minister Sergio Massa is in Brazil on Monday to discuss the details of an agreement with radical leftist President Luiz Inácio Lula da Silva that would allow Argentina to pay for Brazilian imports using the Chinese yuan instead of the U.S. dollar, the Argentina state-run Télam news agency reported.

The China-led BRICS trade and security bloc will reportedly discuss reducing their reliance on the U.S. dollar for trade during their upcoming South Africa summit — furthering plans to diminish American influence around the world.

CARACAS, Venezuela – Socialist dictator Nicolás Maduro proclaimed on Wednesday that the de-dollarization of world trade is “inevitable,” the latest in a series of statements against the U.S. currency.

Argentina struck a deal with Beijing on Wednesday to stop using U.S. dollars to pay for Chinese imports and embrace the yuan instead.

China is challenging the dollar as the world’s reserve currency as the United States seeks to decouple its economy from China, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.

French President Emmanuel Macron argued for European “strategic autonomy” from America, including from the dollar and avoiding conflict with China.

Breitbart News economics editor John Carney said in an interview on Sunday morning’s Fox and Friends that the Chinese yuan is an “inevitable” and “serious threat” to the U.S. dollar being the world’s currency.

The governments of Brazil, now under the leadership of radical leftist Luiz Inácio Lula da Silva, and communist China announced an agreement on Wednesday to no longer use the U.S. dollar to conduct trade, instead relying on the Chinese yuan and Brazilian real.

The euro has fallen below parity with the dollar, diving to its lowest level in 20 years, ending a one-to-one exchange rate with the dollar.

Colombia – under its first-ever leftist president, ex-guerrilla member Gustavo Petro – revived a longtime far-left hope of creating a unified South American currency to defy the U.S. dollar, the online journal Diario Las Américas reported on Thursday.

Indian traders have reportedly been settling payments for Russian coal in currencies other than the U.S. dollar — including the Chinese yuan, the Hong Kong dollar, the United Arab Emirates (U.A.E.) dirham, and the euro — in an effort to skirt Western sanctions imposed on Moscow in recent months in response to its latest war with Ukraine, Reuters reported on Wednesday.

Russian companies have increasingly turned to China and India to sell products originally intended for U.S.-allied markets in recent months due to Western sanctions against Moscow, China’s state-run Global Times reported on Tuesday, noting that these alternative transactions are often settled in local currencies.

The parliament of the Central African Republic (CAR) passed a bill last week legalizing Bitcoin and other cryptocurrencies as official forms of currency, CAR’s presidency announced Wednesday.

Vladimir Putin demanded “unfriendly” countries buy gas in rubles rather than dollars or euros in an attack against US global hegemony.

El Salvador President Nayib Bukele denounced on Wednesday an effort by U.S. senators to introduce legislation that would “mitigate potential risks to the U.S. financial system” allegedly posed by El Salvador’s adoption of the cryptocurrency Bitcoin as a legal tender.

Turkish Finance Minister Berat Albayrak resigned from his post on Sunday citing health reasons, one day after Ankara fired its central bank chief.

Almost immediately after the U.S. announced the return of international sanctions on Iran on Sunday, the Iranian rial fell to record lows against the U.S. dollar, Radio Farda reported on Monday.

Over half of monetary transactions in Venezuela take place using dollars, and nearly two-thirds use any type of foreign currency, according to data obtained by the Caracas-based research firm Ecoanalitica.

Turkish President Recep Tayyip Erdoğan proposed at a summit in Kyrgyzstan on Monday that Middle East and Central Asian countries should stop trading in the U.S. dollar and instead use their domestic currencies.