The Central Bank of Argentina has accelerated the sale of its Chinese yuan stash, using part of the swap line provided by the government of
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Western Sanctions on Russia Demolish Global Trade System, Cause Inflation Surge, Says Russian Banker
Russia’s second-largest bank’s chairman says by imposing sanctions on Russia, the West has “demolished the global trade system and caused an inflation surge.” Pointing to
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Economist Predicts End of US Dollar Dominance as More Countries De-Dollarize
The chief economist at S&P Global has predicted that the U.S. dollar “will no longer be the dominant world currency.” Highlighting the diminishing influence of
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Central Banks Reduce US Dollar Holdings, Plan to Increase Chinese Yuan Exposure, Study Shows
A study by a $1.5 trillion asset management firm has revealed that central banks are reducing their U.S. dollar holdings while seeking to increase Chinese
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BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention
The BRICS Bank’s vice president and chief financial officer has shed light on the economic bloc’s aspiration to develop a common BRICS currency. His remarks
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Latam Insights — Argentina Settles IMF Payment in Yuan; Brazilian CBDC to Be Launched in 2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina settles part
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