list of countries dumping the us dollar

Of the total 7.4 trillion held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 859.4 billion U.S. dollars in U.S. securities. Firstpost - All Rights Reserved. West vs the rest: World opposes sanctions, only US & Europe support them, Facebook censors journalist Seymour Hershs report on Nord Stream pipeline attack, US invites authoritarian far-right regimes to Summit for Democracy, UN lies about US military occupation of Syria, reporter calls out Ukraine hypocrisy, US threatened to invade International Criminal Court. Saudi Arabia, one of the biggest exporters of crude is also mulling trade with China in yuan. if any person go to other country they should take care of themselves. "[18][19], In August 2022, Turkey and Russia agreed to use rubles in trade of the natural gas. When Chinese President Xi Jinping visited Moscow in March, his Russian counterpart Vladimir Putin revealed that two-thirds of the countries bilateral trade is already conducted in the ruble and renminbi. The commodities-to-equities ratio recently hit a 50-year low. BRICS was formed back in 2006, and the original group did not include South Africa, which joined in 2010. The dollar is collapsing [22], In March 23, 2022, Putin signed an order forbidding "non-friendly" countries (including EU countries, United States and Japan) from buying Russian gas in any other currency besides the Russian ruble in the wake of sanctions given in aftermath of 2022 Russian invasion of Ukraine[23], In January 2023, Finance Minister of Saudi Arabia Mohammed Al-Jadaan stated that it is open to trade in other currencies besides the US dollar, and this expression is considered to be the first time in 48 years. China, Russia, Brazil, India, ASEAN nations, Kenya, Saudi Arabia, and the UAE are now using local currencies in trade. John McCormick you are truly an idiot. The media outlet added that Indonesias central bank plans on creating a local payment system as well. Whoa, that's a . According to the news website ASEAN Briefing, at the top of their agenda were discussions to reduce dependence on the US Dollar, Euro, Yen, and British Pound from financial transactions and move to settlements in local currencies. Exactly you dont know because you fail to understand once one nuke is launched the rest of the world would follow suit and in the end 6-7 billion people are dead, and the ones who survive will likely die from radiation poisoning, and starvation. You need people coming in with their savings to start businesses. Image used for representational purposes/Freepik. The SWIFT system a abolished in favour of another better system perhaps the Quantum Financial system is our new world. Turning to this past year, once we account for the impact of exchange rate movements (orange line), we see that the US dollars share in reserves held broadly steady. TERMS AND CONDITIONS | CONTACT | ADVERTISE, Authenticator Alert Securing Your Crypto. Some expect that the US dollars share of global reserves will continue to fall as emerging market and developing economy central banks seek further diversification of the currency composition of their reserves. On March 30, China and Brazil (the worlds most populous and sixth-most populous countries) announced they had come to an agreement to trade with each other in their local currencies, yuan and reais. This long-term decline is the result of mine closures, maturing assets, and industrial conflict, according to the World Gold Council. Who decided the dollar would be the (world's) currency?. Once the supply has adequately grown to meet demand, the cycle enters a downswing. Sooklal says the list includes 13 countries that have formally asked to join and an additional six countries that have informally requested to be part of the alliance. Buy Book. With the price of gold rising since the 1980s, global gold production has become increasingly widespread. Because Russia was able to neuter sanctions, the Deep State had to resort to sabotage of the Nordstream 2 pipeline. Alternatives to US dollar dominance can be found if one searches far enough a bitcoin standard for nation-states for example. Anyone here as long as we are not American Indians will not be accepted as Americans you cannot steal yourself to be Americans and with this money swap the chicken is gonna come to rouse if the dollars drop god bless us here the future for non-indians especially whites, blacks will be the judge then Mexico would be richer than us they may kick our ass out and reclaim their land this is a very serious issue. A week after Xi Jinping visited Russia, China announced that it used yuan to buy liquefied natural gas (LNG) from the UAE. If you still dont understand de-dollarisation, an influencer on TikTok has explained it, using the famous movie Mean Girls as a reference. In June 2019, it also reduced the usage of a multicurrency system and preferred to switch to the US dollar. FP Explainers April 28, 2023 11:34:39 IST. This has a value of 1.5 billion dollars. This means that the Eurozone itself is abandoning the dollar, and preparing for transition to a new central banking system. Countries in Southeast Asia are also de-dollarizing. Before the end of this year USA inflation would reach 10% if not more. THE DEFRAUDNG OF ECONOMIC GLOBAL MONETARY MARKETS IN DISGUISE OF TERROR IN 1991? Then, South Africa took the helm thanks to the massive discovery in the Witwatersrand Basin, now regarded today as one of the worlds greatest ever goldfields. Nuke the United States. This has nothing to do with a global conspiracy to dump the dollar. All over the world economies that have not totally shot themselves in the foot by gambling in the Anglo-American casino are now moving to set up various currency exchanges by passing the dollar. [9], In 2015, China launched CIPS, a payment system which offers clearing and settlement services for its participants in cross-border Renminbi payments and trade as an alternative to SWIFT. why we have to buy FED certificates in orde to cover US debt? The when is what is the sure sign that this fraudulent sham that we call an economy is over? Kenya to start buying petroleum products with Kenyan shillings https://t.co/Q6HEcB4I6r, Peoples Gazette (@GazetteNGR) March 27, 2023. Hording precious metal inflates their prices and produces shortages and waste where these metal should only be applied for industrial use. I DO agree with you that were in for interesting times ahead. Think! In South America, Chinas yuan has made greater inroads. Some analysts say this partly reflects the declining role of the US dollar in the global economy, in the face of competition from other currencies used by central banks for international transactions. Reuters cited Rosnefts chief executive Igor Sechin, [who] said in February that the price of Russian oil would be determined outside of Europe as Asia has emerged as largest buyer of Russian oil. A CDBC will also better track proceed of crime which is problematic with paper currency. Japan, Turkey, Venezuela, and Iran have all made moves away from the dollar, including dumping their holdings of US debt and increasing their respective gold reserves. What started in September of last year, when an agreement between China and Russia ended the dollar's stranglehold over oil and how it was purchased, the past 14 months have seen a momentous rush towards setting up the infrastructure to replace the dollar completely in global transactions. In addition, many countries and territories peg the value of their own local currency to that of the US dollar, exchanging it either 1:1 or at a different, but fixed exchange rate. to U is, What about all the NUCLEAR FALLOUT that comes with all of the Vaporization that occurs!!! The country entered the war only in 1917 and emerged far stronger than its European counterparts. 3 reasons not to worry", "US dollars no longer a quote currency in Venezuela", "Fintech is the new oil in the Middle East and North Africa", " | | ", "Egypt Turns to the Chinese Currency With Yuan-Denominated Bonds | Egyptian Streets", "Egypt seeks to issue $500M in Chinese bonds, $1.5-$2B in sovereign sukuks", "Myanmar to Lower Dollar Reliance in Favor of Ruble, Rupee, Yuan", "Myanmar discussing with Russia use of Mir card for payments", "Government Favours Bolstering Tenge over De-Dollarisation, Says National Bank Chief", "kazakhstan holds rates after inflation surges to 6-year high", "Kazakhstan Hold Rates After Inflation Risks 'Strengthened', "Russia Cuts Dollar Holdings From $119 Billion Wealth Fund Amid Sanctions", "Exclusive: Russia likely to buy yuan on FX market in 2023 - sources", "With a sale of Chinese yuan, Russia kicks off 2023 forex intervention", "Amid Western Sanctions, India Explores Rupee-Ruble Mechanism for Trade with Russia", "India explores 'rupee-rouble' exchange scheme to beat Russia sanctions", " 50%", "China and Russia ditch dollar in move toward 'financial alliance', "China, Japan to trade in own currencies", "So Long, Yankees! This is a frontal challenge to the US-dominated International Monetary Fund (IMF), which emerged from the 1944 Bretton Woods Conference that established the dollar as the global reserve currency. A new world monetary system is being set up right now which will completely kill the US dollar, which is the world's reserve currency. Open the border s , let all African people come to SA , as Africa is for all Africans. The core collective consists of Brazil, Russia, India, China . AMERICAFIRSTBILL.COM- AMERICA FIRST PROJECT- THE REAL 911-AMAZONBOOKS.COM- BY FERNANDO FONTANEZ- TELLS THE REAL 911 STORY OF CHINA ATTACKING THEGLOBALMARKETS EC ONOM IC BLEEDING SINCE 1991 WITH MEDIA SLICK ACTIVITY COVERING UP THE NIXON/KISSINGER -SAUDI DEAL MONIES OF THE SEVENTIES IN FULL OPEARTIONAL INTEGRATION! In recent years, commodity prices have reached a 50-year low relative to overall equity markets (S&P 500). "According to the RUMOR, Operation Sandman will "put the US Dollar to sleep" by having all 142 countries repudiate the currency on the same day, and refuse to continue accepting it for payment in Trade. Youll notice that the U.S. sanctions against Russia was ineffective. Thank YOU, Ben Norton for sharing these significant changes taking place. Meanwhile, the share of the euro has fluctuated around 20 percent, while the share of other currencies including the Australian dollar, Canadian dollar, and Chinese renminbi climbed to 9 percent in the fourth quarter (green line). The US constitution still allow foreigners capable of supporting themselves can come and build their life. Folks the biggest sign is when those that trade in the dollar to acquire goods, no longer want the worthless paper because of US bully policies or they have totally lost faith in the US as a responsible steward of its currency and economy. Where are Clean Energy Technologies Manufactured? Before we delve into de-dollarisation, one has to understand how the dollar became the acknowledged currency for international trade. The state of Nevada alone accounted for 72% of U.S. production, hosting the worlds largest gold mining complex (including six mines) owned by Nevada Gold Mines. Dilma, like her ally Lula, is a leftist from Brazils Workers Party. French media outlet RFI described the trade as a major step in Beijings attempts to undermine the US dollar as universal petrodollar for gas and oil trade. Why did you try sneaking into Canada and see how that works out for you? like star treck where humans work for the betterment of science and evolution, nature etc. This scenario has been engineered for a deliberate collapse of the dollar fiat currency and an attempted forcing of everyone into a digital dollar system run by the banksters. Both agreed to deepen economic integration and challenge the hegemony of the US dollar, using yuan and other currencies in international tradehttps://t.co/uTPkDIrfVb, Ben Norton (@BenjaminNorton) March 26, 2023. It covered an import of medical equipment to combat the COVID-19 outbreak in Iran. The American Institute of Economic Research said this strategy is not foolproof. Great article! The thoughts that are put into the minds of men that are aware of what is occurring on trading floors all over the world is when? See: Two Weeks that Shook the Dollar (posted multiple times and in at least a dozen LinkedIn groups). After World War II, the US dollar replaced the British pound as the dominating currency worldwide. What am I thinking? At $3.2trn it dwarfs Japan, which comes in second place with $1.3trn. RCEP includes 16 country signatories and the potential pact is expected to form a union of nearly 3.4 billion people based on a combined $49.5 trillion economy, which accounts for nearly 40 percent of the world's GDP. yes so crypto currencies may come into play,, especially the block chain,,, which will bring transparency to financial services,, they just need to become safe ,where they cannot be stolen.. and also transactions need to be transparent.. no black market , or corporate crime Updated Date:

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list of countries dumping the us dollar

list of countries dumping the us dollar