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Iranpress: Podcast: Key US allies reduces role of dollar in trade

Podcast: Key US allies reduces role of dollar in trade

Thursday, 04 May 2023 11:58

The central banks of South Korea and Indonesia signed a memorandum of understanding on Tuesday to cooperate on promoting the use of their currencies instead of the US dollar for bilateral transactions, such as current account transactions and direct investment. 206

Iranpress: South Korea, Indonesia sign pact to shift away from dollar

South Korea, Indonesia sign pact to shift away from dollar

Thursday, 04 May 2023 09:16

The central banks of South Korea and Indonesia signed a memorandum of understanding to promote bilateral trade in national currencies, moving away from the US dollar as an intermediary.

Iranpress: Decline of dollar in world trade

Decline of dollar in world trade

Wednesday, 26 April 2023 16:29

Tehran (IP) - The US dollar, which has been the leading foreign currency in the world trade for years, sees its position in danger.

Iranpress: Russian Envoy to Iran: Dedollarization process to be continued

Russian Envoy to Iran: Dedollarization process to be continued

Monday, 24 April 2023 13:01

Tehran(IP)- The Russian ambassador in Tehran emphasized that the process of dedollarization will continue .

Iranpress: Iran Newspappers: US Dollar price drops toward Rial in Iran

Iran Newspappers: US Dollar price drops toward Rial in Iran's open market

Monday, 27 February 2023 07:34

The exchange rate in the open market of Iran suddenly dropped by more than five thousand Toomans yesterday evening and affected the buyers who were caught in the tour of currency brokers in the exciting atmosphere of these days.206

Iranpress: China’s yuan replacing US dollar: Russian daily

China’s yuan replacing US dollar: Russian daily

Wednesday, 25 January 2023 19:25

For a long time, America’s greenback was the benchmark for determining the exchange rate of Russia’s ruble, but the Chinese yuan has gradually been taking the dollar’s place over the past months. Yuan trading volumes have been growing on the Moscow Exchange, approaching those of the dollar, Izvestia writes.

Iranpress: Russian Central Bank to offer yuan liquidity to banks: Daily

Russian Central Bank to offer yuan liquidity to banks: Daily

Wednesday, 18 January 2023 16:59

IP- Russia’s Central Bank is launching Chinese yuan currency swaps as a new financial instrument. It is a reasonable substitute for swaps involving "unfriendly" currencies that the Central Banks dropped in the wake of sanctions.

Iranpress: World newspapers: Bankers abroad try to counter Dollar

World newspapers: Bankers abroad try to counter Dollar's rise

Tuesday, 01 November 2022 19:32

The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.

Iranpress: Beiging prepares for a massive dollar dump

Beiging prepares for a massive dollar dump

Friday, 30 September 2022 21:44

IP- The People's Bank of China has told major state-run banks to prepare to shed dollar holdings while snapping up offshore yuan, which has continued to fall despite prior interventions, sources told Reuters.

Iranpress: Pound plunge underscores stresses across markets

Pound plunge underscores stresses across markets

Monday, 26 September 2022 17:13

Sterling slumped to a record low on Monday, and a renewed selloff in British gilts pushed euro zone yields higher as the fall out from last week's fiscal statement in Britain roiled markets for a second session.

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