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Brazil Pushes Back on Trump’s BRICS Tariff Threat While Championing Single Currency Vision

Brazilian officials dismissed U.S. President-elect Donald Trump’s proposed 100% tariffs on BRICS countries as unlikely, characterizing them as rhetoric rather than actionable policies. The Brazilian foreign ministry referenced Trump’s prior…

Continue ReadingBrazil Pushes Back on Trump’s BRICS Tariff Threat While Championing Single Currency Vision

China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption

China’s digital yuan (e-CNY), once a frontrunner in central bank digital currencies (CBDCs), faces challenges including corruption scandals and slow adoption due to entrenched online payment giants like Alipay and…

Continue ReadingChina’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption

Dollar’s Role Shrinks as 80% of Russian Export Revenues Shift to Non-Toxic Currencies

Russia’s central bank, the Bank of Russia, has revealed that over 80% of major Russian exporters’ revenues are now denominated in rubles and “friendly” currencies, marking a significant shift from…

Continue ReadingDollar’s Role Shrinks as 80% of Russian Export Revenues Shift to Non-Toxic Currencies