Countries Ditching The U.S. Dollar To Avoid Sanctions

Summary by Ground News

India has increased its imports of Russian coal and natural gas, paying in Chinese yuan, United Arab Emirates dirham, Hong Kong dollar, and euro. Turkey and Iran have also forged agreements with Russia to base bilateral commerce on the Russian ruble. The dollar comprised 60% of countries' foreign exchange reserves, used to trade with one another, in 2021, and dominates international transactions.

2 months ago

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The Daily Caller

To Avoid Sanctions, Countries Are Ditching The US Dollar

2 months ago·Washington, United States

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The Free Press

Countries Ditching The U.S. Dollar To Avoid Sanctions

by Micaela Burrow Russia, China, and other countries have escalated efforts to ditch transactions made with U.S. dollars in 2022, helping them bypass

2 months ago·Tampa, United States

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NRN • New Right Network

To Avoid Sanctions, Countries Are Ditching The US Dollar - New Right Network

Countries are attempting to divest from the U.S. dollar as sanctions dig into Russian and Iranian economies, with the yuan, ruble and other currencies

2 months ago

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