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Russia is emerging as a strong currency contender against the US, deploying strategies that have been significantly bolstering its native currency, the ruble. The US has imposed heavy sanctions on Russia in 2023. However, the nation remains unscathed from the “damage,” rising 45% against the US dollar this year. This development has led the world to question the dollar’s global dominance and the fact that the de-dollarization narratives have already peaked enough to suppress the USD. Also Read: Wealthy Investors Are Fleeing the US Dollar—Into These Hedge Assets Rouble Wins, Dollar Falls: What’s Happening? Source: fxstreet.com Despite the crushing sanctions that the US has imposed on Russia, the nation continues to defy odds, rising on the global and currency radar. Maneuvering the new payment systems and regimen, Russia’s ruble has emerged as one of the strongest currency contenders against the USD this year. The ruble has gained a new 45% upswing against the US dollar, and it has...

Trump Gulf AI deals have emerged as a major breakthrough during the former president’s recent Middle East tour. In negotiations that are worth well over $1 trillion with Saudi Arabia, UAE, and also Qatar, these agreements are strengthening United States Dollar stability while expanding artificial intelligence collaboration across the region, and at the same time creating new opportunities for tech giants. Also Read: Ripple Wins Court Victory as SEC Deal Collapses XRP Case Remains in Legal Limbo How Trump’s Gulf AI Deals Power Technology, Defense & Dollar Stability Across Saudi Arabia Source: Gulf Business UAE Building Massive AI Campus The centerpiece of these Trump Gulf AI deals is, right now, a planned 10-square-mile artificial intelligence campus in Abu Dhabi with about 5 gigawatts of power capacity, such as what you might see in advanced technology centers. Abu Dhabi state-backed firm G42 will build this facility, with construction expected to begin in the coming months....

Although he openly admitted he didn’t know much about Bitcoin (BTC), famous investor and author of the bestselling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki has been a fan of the maiden cryptocurrency and has recently bought some of the largest altcoin, Ethereum (ETH), as well. As it happens, Kiyosaki was discussing gold, silver, and Bitcoin as investments, as well as the declining value of the United States dollar (USD), with his guest Andy Schectman, the CEO of Miles Franklin Precious Metals, in the latest episode of ‘The Rich Dad Channel’ podcast premiered on May 8. According to the finance educator, the declining dollar is the main reason to accumulate these alternative investments, especially considering his view that the already dire situation was only going to get worse and that schools, in his opinion, are not very good at teaching financial literacy: Picks for you LTC demand surges as users pay 2x more with Litecoin than with Bitcoin 14 hour...

BRICS countries are looking to sideline the U.S. dollar by launching a new currency to settle international trade. The development challenges the dollar ’s supremacy and could dethrone it from the global reserve status. The move is inspiring other developing Eastern countries to ditch the dollar and promote their native currencies for global trade. If the momentum continues, many more Eastern nations could join hands and end reliance on the U.S. dollar completely. Also Read: 30 Countries Now Ready To Accept BRICS Currency BRICS: 10 Developing Eastern Countries Ready to Ditch U.S. Dollar Source: eastasiaforum.com The leaders of 10 Southeast nations and the members of the Association of Southeast Asian Nations (ASEAN) have agreed to promote their native currencies for cross-border transactions. The 10 countries will reduce settling payments with the U.S. dollar and use their local currencies for transactions. The group of nations wants to “encourage the use of local ...