dedollarization

XRP

2026-07-23 00:55:14

Hormuz Crisis Raises a Bigger Question: Could XRP Challenge the Petrodollar?

Analyst Mickle argues the Strait of Hormuz crisis is pushing countries to consider trade settlement beyond the petrodollar, with XRP and Ethereum entering the conversation.

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dedollarizati

2026-07-10 01:13:13

BRICS Ditching Dollar Fast: Russian FM Reveals 90% of Settlements in Local Currencies

Russian Foreign Minister Sergei Lavrov says 90% of Russia's settlements with BRICS nations were in local currencies in 2024, as the bloc accelerates dedollarization. A single BRICS currency remains premature.

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BRICS

2026-07-09 01:54:26

BRICS Summit Invites 69 Leaders as More Than 40 Countries Show Interest in Joining

South Africa says 69 leaders have been invited to the upcoming BRICS summit, including all African heads of state and key Global South bodies, while more than 40 countries have shown interest in joining the bloc.

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BRICS

2026-07-09 01:04:13

Russian Official Says BRICS Payment System Is Real, Framing It as a Backup to Dollar Channels

A senior Russian official said the BRICS payment system is no longer theoretical, describing it as a practical parallel channel for settlements when dollar-based routes fail. The plan is presented as a supplement rather than a full replacement for the U.S. dollar.

550

Deutsche Bank

2026-07-08 20:54:14

Deutsche Bank Warns Iran Conflict Could Become a Turning Point for the Petroyuan

Deutsche Bank says reports of Iran requiring yuan settlement for some oil tanker transit through Hormuz could accelerate cracks in the petrodollar system and strengthen broader de-dollarization trends.

520

Deutsche Bank

2026-07-08 20:50:12

Deutsche Bank Says Iran Conflict Could Accelerate the Rise of Petroyuan

Deutsche Bank argues that Iran’s reported yuan settlement requirement for tankers in the Strait of Hormuz could intensify long-term pressure on the petrodollar system, though not trigger an immediate collapse of dollar dominance.

600

Deutsche Bank

2026-07-08 20:48:15

Deutsche Bank Warns Iran Conflict Could Accelerate the Rise of the Petroyuan

Deutsche Bank says Iran’s reported push for yuan settlement on oil cargoes moving through Hormuz could become a structural challenge to the petrodollar, though not an immediate end to dollar dominance.

500

BRICS

2026-07-08 15:18:12

BRICS Leaders to Debate Common Currency as Bloc Eyes Reduced Dollar Dependence

BRICS leaders are expected to discuss the feasibility of a common currency at the upcoming Johannesburg summit, highlighting broader efforts to reduce reliance on the U.S. dollar in trade and finance.

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