The Russian ruble has made a significant leap, becoming the main currency used for importing goods and services from Asian countries for the first time. This shift marks a major milestone in global trade and highlights Russia’s growing influence in the region. According to the Russian Central Bank, the ruble’s
In early April, Zimbabwe launched a new currency called Zimbabwe Gold (ZiG), fully backed by gold and foreign reserves, aiming to replace the US dollar within two years. President Emmerson Mnangagwa announced this at an event, predicting ZiG’s nationwide acceptance soon. Backed by 100 tonnes of gold and $100 million
Brazil’s president, Luiz Inácio Lula da Silva, asked, “Why can’t we trade in our own currencies?” Brazil’s President Luiz Inácio Lula da Silva at a climate finance summit in Paris | @LulaOfficial Photograph:(Twitter) The US dollar’s role as world’s primary reserve currency for global trade was challenged at a finance
