The Venezuelan Foreign Minister, Yván Gil, reported on Tuesday that they are working together with the Russian central bank to create an alternative financial system for international payments.
According to Gil, the objective is to find an alternative to the global Swift system, which works with…
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dollar
President of Bolivia promotes the reactivation of Unasur and proposes a common currency
The president of Bolivia, Luis Arce, urges the reactivation of the Union of South American Nations (Unasur) through the creation of a common currency as an alternative to the dollar to promote regional trade.
In a video released on his…
Malaysia and China seek to create an Asian Monetary Fund to counter the dominance of the dollar
Malaysian Prime Minister Anwar Ibrahim has proposed the creation of an "Asian Monetary Fund" as an alternative to the dominance of the US dollar and the International Monetary Fund (IMF) on the world financial stage. During a meeting with…
Fed will try to keep the dollar liquid
The US Federal Reserve (Fed) announced a coordinated plan with five other central banks to keep the US dollar liquid during a series of bank failures in the US and Europe.
The plan will use currency swap lines between central banks to…
The yen continues to slide
The exchange rate of the yen against the dollar fell this Friday to its lowest level in the last 32 years due to the prospect that the United States Federal Reserve (Fed) will continue to increase interest rates, which fuels speculation on…
CBV applies strategies to stop the rise of the dollar
The Central Bank of Venezuela (BCV in Spanish) is working on applying measures that seek to prevent the escalation of the dollar against the bolivar.
The board of directors of the Venezuelan institution wants to avoid a greater impact on…
Russia will stop using the dollar and the euro in commercial transactions
Russia will stop using the dollar and the euro in its international trade transactions, Russian Deputy Foreign Minister Alexander Pankin announced on Friday.
According to the statement by the Russian official, “the only way to guarantee…
The euro loses parity with the dollar again
The price of the euro against the dollar briefly fell below parity this Monday in view of the prospects that point to a growing risk of recession in the euro zone and the expectation that at the end of this week they will meet in Jackson…
Argentina issues decree for access to foreign exchange from oil and gas sectors
The measure on regulation of access to foreign currency in the oil and gas sector had been mentioned by the new Argentine Economy Minister Sergio Massa. However, the decree was issued this week, specifying the requirements that companies in…
Euro reaches parity with the dollar
The price of the euro against the dollar continues to weaken, and is increasingly closer to parity with the American currency, something that has not happened since 2002, given the growing fears that the eurozone will enter a recession…
US seeks alternatives to tighten monetary policy
The president of the United States Federal Reserve (Fed), Jerome Powell, assured that there are ways for the agency to tighten monetary policy without plunging the country into a recession.
At an event organized in Portugal by the European…
Yen reaches its lowest value in the last 24 years
The yen continues its downward path against the main currencies as a result of a growing divergence between the monetary policy of the Bank of Japan and the rest of the major central banks, which has plunged the Japanese currency to its…