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POLITICS

US unable to cut Iran’s access to dollar-based banking services: Report 

A WSJ report shows Iran is still able to transfer billions of dollars' worth of funds through intermediaries linked to US banks. 

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PERSIAN GULF

Russia, Qatar aim to ditch dollar in bilateral trade: Envoy

The Russian ambassador to Qatar says the two countries are seeking to use national currencies in their bilateral trade.

Russia Qatar

ECONOMY

Bolivia replaces US dollar with Chinese yuan in foreign trade

Bolivia is now using the Chinese yuan for international settlements to curb dependence on the US dollar.

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ECONOMY

US must expect gradual decline in dollar's share of global reserves: Yellen

US Treasury Secretary Janet Yellen says Washington should expect a gradual decline in the dollar's share of global reserve, amid growing support for de-dollarization.

US

BRAZIL

Brazil’s Lula calls for instituting common S American currency

Brazilian President Luiz Inacio Lula da Silva calls for instituting a regional trade currency during a meeting with South American heads of state.

Brazil

IN-DEPTH

King dollar is dead, long live King Yuan

Many countries are seeking alternatives to or ditching the greenback, is the hegemony of the US dollar, should we be asking when, not if, de-dollarization will happen on a mass scale?

Dedollarization

POLITICS

Demise of dollar: India, Bangladesh join hands to ditch US currency in cross-border trade

India finally joins hands with Bangladesh to do cross-border trade in their own currencies, the Indian rupee (INR) and the Bangladeshi taka (BDT), making Bangladesh the nineteenth country to ditch the US dollar.

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ON THE NEWS LINE

Countries moving away from US dollar

China and Brazil have struck a deal to conduct trade transactions in their national currencies, ditching the US dollar as an intermediary.

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