Challenging the US-dominated world order, China strives to increase its global influence, with the yuan emerging as the main contender to replace the dollar as world’s reserve currency.
The dollar is losing its supremacy in the global monetary system as many countries are now looking to strengthen their own currencies.
A weaker US dollar makes dollar-denominated commodities less expensive for holders of other currencies.
Indian steelmakers and cement manufacturers have purchased Russian coal using dirham, Hong Kong dollar, yuan and euro in recent weeks, according to Reuters news agency, circumventing Western sanctions against Moscow.
The unprecedented raft of sanctions hammering Russia showcases the power the US dollar wields over the international financial system.
The Palestinian Monetary Authority is planning to examine the feasibility of a digital currency. But local economic observers are cautious about its implementation.
El Salvador's President Nayib Bukele said that he will send a bill to Congress next week to make bitcoin legal tender in the Central American nation, touting its potential to help Salvadorans living abroad send remittances home.
Thousands of people took to the streets of central Beirut to demand a new independent government to lift Lebanon out of its deepening economic crisis.
With trials at the most advanced stage of any other country, China’s digital yuan is poised to have a major impact on both China and the global economy.
The Chinese yuan struck a 28-month peak as the US dollar hit a 10-week low.
Gold hits record high as investors worried about the state of the global economy find comfort in the precious metal.
The president’s delicate relationship with the Saudi royal family and Trump's re-election campaign are the real targets of the attack on Saudi Aramco.
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