US Dollar

Russia Sells Off Record Amount of US Treasury Bonds

Washington D.C. (SCF) – The US Treasury Department report for April published on June 15 revealed that Russia sold $47.4 billion out of the $96.1 it had held in Treasury bonds (T-bonds). In March, Moscow cut its Treasury holdings by $1.6 billion. In February, Russia reduced its bond portfolio by $9.3 billion. Other holders did it too. Japan sold […]

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Iran Switches from Dollar to Euro

Tehran (MEMO) – Iran’s feud with the US is set to get worse after Tehran announced yesterday that it will start reporting foreign currency amounts in euros rather than US dollars, as part of the country’s effort to reduce its reliance on the American currency due to political tension with Washington. Central bank Governor Valiollah Seif said […]

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Pakistan Ditches Dollar for Yuan Following Trump’s Abusive Rhetoric

Islamabad (GPA) – Following condemnations by several members of the Trump Regime, Pakistan has decided they’ve taken enough western abuse and have dropped the US dollar. Several months ago when US President Donald Trump announced his strategy for the Afghan war, he also uttered similar platitudes to past presidents about reforming the alliance between the […]

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Venezuela to End US Dollar-Denominated Oil Deals, Currency Exchanges

Puebla, MX (VNA) – The Venezuelan government moved this week to phase out the use of US dollars in oil deals and official currency exchanges. The Venezuelan government moved this week to phase out the use of US dollars in oil deals and official currency exchanges. President Nicolas Maduro’s government has ordered oil traders to use other international […]

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