Dollar Archives - Political Economy Journal

Russia, China taking big step for phasing out Dollar

02

Oct

BRICS, China, De-Dollarization, Dollar, One Belt One Road, Russia, US

Russia, China taking big step for phasing out Dollar

PEJOURNAL - The dollar has been the world’s most important currency since World War II; it is the most common reserve currency and the most widely used currency for international trade and other transactions worldwide. The removal of the dollar from economic relations among countries and agreements to replace it with national currencies or other currencies in world trade is not an uncommon issue, but in recent years the process has intensified due to the measures of the US administration under Trump and Biden. In fact, political tensions between Washington and other countries have tarnished credibility of the US dollar…

Russia gradually ditching US dollar in trade with allies

14

Mar

China, De-Dollarization, Dollar, Russia, trade, US dollar

Russia gradually ditching US dollar in trade with allies

PEJOURNAL - A senior Russia lawmaker says his country is gradually reducing the role of the US dollar in financial transactions with allies and commercial partners, a long-pursued measure aimed at using currencies other than the greenback to offset the impacts of American sanctions. Vyacheslav Volodin, the speaker of the Russian parliament's lower chamber, the State Duma, made the announcement on Thursday and said Russia was gradually reducing the share of the US dollar in the Russian economy and foreign exchange reserves. "For example, within the framework of the EAEU, settlements in national currencies have grown to 74%. We are…

De-Dollarization: Removing the Dollar, Strategies and Efforts

05

Mar

China, Crisis, De-Dollarization, Dollar, Global Economy, Marshall Plan, Russia

De-Dollarization: Removing the Dollar, Strategies and Efforts

BY: Danieal Ranjbar PEJOURNAL - From the 1940s, during the post-World War II reconstruction of Europe under the Marshall Plan, the dollar became the dominant international currency. But now, after all these years and the occurrence of several internal developments in the United States and internationally, the dominance of the dollar is threatened. The introduction and gradual strengthening of digital currencies, including bitcoin, was another reason for the removal of the dollar from the financial exchanges of some countries. Russia and China, as the first countries to eliminate the dollar, succeeded in doing so and removing the dollar from their…

Digital currency is a significant threat to the dominance of the stock market

12

Feb

bitcoins, Digital currency, Dollar, dominance, Federal Reserve, stock market, Threat

Digital currency is a significant threat to the dominance of the stock market

BY:Alegandro PEJOURNAL - The dollar has been a global reserve currency for 100 years, but many people have been buying bitcoins since March, fearing that the US Federal Reserve-led central banks will devalue their currencies. Morgan Stanley, chief executive officer of Global Investment Management Strategy, is the author of Ten Laws of Successful Nations. When it spread, the US dollar was as strong as ever. Despite talk of faltering US supremacy, the dollar as an intermediary in international trade, another anchor for other countries to value their currencies, and the “reserve currency” of most central banks as the dominant savings.…

Weakened dollar, Stronger Administration

06

Feb

China, Dollar, Donald Trump, East Asia, Global Economy, Joe Biden, monetary, trade war, WTO

Weakened dollar, Stronger Administration

BY: Jacobien van der Kleij and Michael Robbins PEJOURNAL - One of the major events that characterized the early Trump presidency was the U.S. trade war with China. From a monetary perspective, the trade war with China was not beneficial to the U.S. dollar, and hitting China with such tariffs showed the U.S. that other countries can, and will, step in when needed.The actual “war” aspect is an editorialization, but the events were still meant to show the world that when two superpowers compete for better trade deals, there is never a clear winner. The rhetoric started on Trump’s campaign…

The end of American dominance and its bloody empire seems ahead this decade

10

Oct

2020-election, American dominance, Dollar, Donald Trump, Joe Biden, Martin Love, the United States, U.S. military empire

The end of American dominance and its bloody empire seems ahead this decade

BY: Martin Love PEJOURNAL - The United States is insolvent and the dollar is at extreme risk, some financial experts insist, of losing its worldwide reserve currency status. That may eventually ensure the end of the so-called U.S. military “empire” across the globe. Donald Trump is back to bloviating on Twitter after what amounted to a weekend at Walter Reed Hospital in what must be one of the shortest alleged bouts with Covid 19 ever. Yes he did receive the best drugs and the most advanced steroids available to “cure” corona virus (via a team of some 30 doctors) that…

The United States Dollar at Risk of Sudden Collapse, Ex-IMF Official Warns

24

Jul

Corona virus, Dollar, IMF, the United States, US Federal Reserve

The United States Dollar at Risk of Sudden Collapse, Ex-IMF Official Warns

PEJOURNAL - With the United States expected to double down on its fiscal stimulus measures to mitigate the economic fallout from the corona virus pandemic, and the US Federal Reserve continuing its aggressive monetary policy easing, there is a rising risk of a sudden loss of confidence in the US dollar, according to a former senior executive with the International Monetary Fund (IMF), China Morning Post Reported. Zhu Min, who was deputy managing director of the IMF from 2011 to 2016, said the US dollar’s position as the dominant global currency was at risk of being eroded because of mounting…