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Russia to cut share of US dollar in National Wealth Fund
Russia will reduce the share of the US dollar in its National Wealth Fund and is considering investing in other foreign currencies including the Chinese yuan, Russian Deputy Finance Minister Vladimir Kolychev said on Wednesday.
Russia plans to cut share of US dollar in National Wealth Fund: Ministry
Russia intends to lower the share of US dollar and diversify the foreign currencies it holds in the National Wealth Fund, a source at the country’s finance ministry says.
CBI highlights Iranian rial’s rise against US dollar
Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati highlighted the stability in the country’s foreign exchange market and the recovery of the Iranian currency, rial, against the US dollar in recent months despite increased American pressure and sanctions.
Putin says global confidence in dollar is falling
Washington's use of the dollar as a political tool is backfiring as more and more countries are reducing their holdings of the greenback and switching to other currencies in trade contracts, Russian President Vladimir Putin said on Wednesday.
Iran, Russia ditch dollar as Turkey also gets on board
Iran and Russia have ditched the US dollar and are now carrying out all their transactions in national currencies, as Turkey gradually follows suit, Iran’s Central Bank Governor Abdolnaser Hemmati said Wednesday.
Chinese yuan falls to weakest level against dollar since 2010
The Chinese yuan fell to its lowest level against the dollar since August 2010 in morning trade on Monday, fueling speculation that Beijing is allowing currency depreciation to counter threatened US tariffs.
Iran’s rial gains significant value against US dollar
The Iranian national currency, the rial, was 118,000 against the US dollar on Sunday which shows a relatively high regain of value compared to months of low that followed the American introduction of crippling economic sanctions against Tehran.
Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC': Sources
Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to US antitrust lawsuits, three sources familiar with Saudi energy policy said.
Syria, Iran set up non-dollar payment channel
Iran and Syria enabled their banks to conduct transactions in their local currencies and non-dollar foreign currencies, lifting a key hurdle to their trade and investment.
CBI sees stable rial despite pressure from US
Iran has adequate currency supplies to cover trade, and the rial has stabilized after 'a heavy attack' from the US-led economic sanctions on the Islamic Republic, said the governor of Central Bank of Iran (CBI).
Euro edges off lows as dollar rally takes a pause
The euro clawed itself off recent lows on Monday as the dollar paused near 18-month highs and traders waited to see whether the U.S. Federal Reserve’s policy meeting this week would calm nerves about slowing global economic growth.
EU pushes euro to break dollar dominance
The EU commission on Wednesday presented its plan to reduce the dollar's overwhelming dominance of the global economy and to strengthen the role of the euro, particularly for energy transactions.
SWIFT's Iran ban will expedite global de-dollarization
The blacklisting of Iran from international financial messaging system SWIFT will hasten the demise of the dollar, stockbroker-turned broadcaster Max Keiser told RT.
India mulls ditching dollar in oil trade With Russia, Iran, Venezuela
This week, Russian President Vladimir Putin called Washington's sanctions policy a 'colossal strategic mistake' which has only served to undermine the dollar's credibility as a global reserve currency.

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