USDominance

Zimbabwe's Economic Crisis: The Rise of the US Dollar Amid Zig Liquidity Crunch

2 months ago

In a striking development in Zimbabwe's economic landscape, the nation is experiencing a severe liquidity crunch that has propelled the US dollar to the forefront of its economy. This situation has unfolded against the backdrop of chronic hyperinflation and widespread cash shortages, leading many businesses and individuals to increasingly rely on the US dollar for transactions and savings.

Russia Proposes BRICS Payment System to Challenge U.S. Dominance in Global Finance

7 months ago

In a decisive move aimed at curbing the influence of the U.S. dollar in international trade, Russia has proposed the establishment of a payment system within the BRICS group, which consists of Brazil, Russia, India, China, and South Africa. The initiative seeks to enhance trade among member nations while simultaneously reducing reliance on Western financial frameworks.