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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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“The end of the dollar era.” Major central banks abandon the American currency

Rocky: Admin Assist; Posts : 268442
Join date : 2012-12-21

Post n°1

“The end of the dollar era.” Major central banks abandon the American currency

by Rocky Wed 01 Feb 2023, 6:35 am

[size=45]“The end of the dollar era.” Major central banks abandon the American currency
3 hours ago[/size]

dollar - “The end of the dollar era.” Major central banks abandon the American currency 63da1e104c59b74b2d64fe84

“Novosti” agency talked about central banks in the world following the approach of reducing the share of the US currency in its international reserves due to Washington's aggressive economic policy and the huge debt of the United States.

The agency indicated that emerging countries are moving towards adopting national currencies in trade settlements, and economists are now certain that the financial world will not be the same again.
In a report on the “future of the monetary system,” analysts at the Research Institute of the Swiss bank “Credit Suisse” pointed to the loss of confidence in the US economy in light of the high inflation rates and the existence of a huge US budget deficit ($1.3 trillion) and huge debts ($31 trillion, which constitutes 121.5% of the volume of the GDP) in addition to the fact that no one is trying to use the dollar as a weapon.
The report's authors said that "macroeconomic imbalances have increased dramatically as geopolitical tensions have escalated in recent years, and the potential for widespread abandonment of the US dollar has increased."
And as an indication of the decline in confidence in the dollar, the report indicated that the dollar in the seventies represented 80% of global reserves, while in 2022 it reached a level of only 58.8%, which is the lowest level in 20 years.
Analysts believe that the use of dollar reserves as a protective mechanism against currency depreciation is no longer appropriate in light of the adoption of a floating exchange rate.
As a striking example of the decline in the status of the American currency in the world, economists talk about the Russian trade union with China and India. Last year, Moscow and Beijing, then with New Delhi, transferred trade settlements to national currencies. And now the Chinese and Indians pay for Russian products in yuan and rupees.
Source: Novosti
https://altaghier-tv.translate.goog/2023/02/01/%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D8%AD%D9%82%D8%A8%D8%A9-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%83%D8%A8%D8%B1%D9%89-%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

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dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

Neno

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

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dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

Neno

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

notazbad2000

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

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dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

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dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

dollar - “The end of the dollar era.” Major central banks abandon the American currency Bar

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Current date/time is Fri 19 Apr 2024, 8:53 am