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Category Currency

Africa Unites in Currency Revolution: PAPSS Launches Dollar-Free Trade Platform

Africa Unites in Currency Revolution: PAPSS Launches Dollar-Free Trade Platform

The Pan-African Payment and Settlement System has officially launched a currency marketplace aimed at reducing reliance on the U.S. dollar for intr...
$659,191,000,000 Bank Says Foreign Exporters No Longer Want To Be Paid in Dollars, Preferring Euros, Chinese Renminbi, Canadian Dollar and Mexican Peso: Report

$659,191,000,000 Bank Says Foreign Exporters No Longer Want To Be Paid in Dollars, Preferring Euros, Chinese Renminbi, Canadian Dollar and Mexican Peso: Report

Foreign exporters are reportedly less interested in being paid in US dollars due to the currency’s recent volatility, according to US Bank. Paula C...
JP Morgan: US Dollar Could Lose Reserve Currency Status in 40 Years

JP Morgan: US Dollar Could Lose Reserve Currency Status in 40 Years

JP Morgan CEO Jamie Dimon has warned that the US dollar could lose its reserve currency status in…
Taiwan’s Currency Sees Biggest Surge Against the US Dollar in 40 Years

Taiwan’s Currency Sees Biggest Surge Against the US Dollar in 40 Years

Taiwan’s currency experienced its biggest surge against the US dollar in May for the first time in almost…
Goodbye US Dollar: ASEAN Nations Sign Deals To Trade in Local Currency

Goodbye US Dollar: ASEAN Nations Sign Deals To Trade in Local Currency

The 46th ASEAN summit kicked off on Monday in Malaysia’s capital Kuala Lumpur and China and Indonesia signed…