Moody’s on De-Dollarization: Rating Agency Labels US Debt Default a ‘Near-Term Danger to the Dollar’s Position’
As requires the creation of a world various to the buck develop, credit standing company Moody’s stated on May 25 that rival currencies such because...
IMF Foresees No ‘Rapid Shift’ in US Dollar Reserves Despite Rising De-Dollarization Trend
The International Monetary Fund (IMF) doesn’t anticipate a “rapid shift” within the U.S. greenback reserves regardless of a rising de-dollarization pattern and a looming U.S....
IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations
The International Monetary Fund (IMF) has warned of “very serious repercussions” to each the U.S. and the worldwide financial system if the U.S. defaults on...
IMF Says Zimbabwe Gold-Backed Digital Currency a Potential Threat to Financial Stability
The International Monetary Fund has urged Zimbabwean authorities to weigh the advantages versus dangers of issuing a gold-backed digital foreign money. Instead of utilizing gold-backed...
Brazilian President Lula to Act as BRICS Liaison to Help Argentina, Discusses Credit Line in Brazilian Reals
Brazilian President Luiz Inacio Lula da Silva said Brazil will function a facilitator to attempt to organize BRICS bloc help for Argentina. Lula said that...
IMF Chief Warns of More Weaknesses in US Banking Sector — Sees ‘Gradual’ Shift Away From US Dollar
International Monetary Fund (IMF) Managing Director Kristalina Georgieva expects “more vulnerabilities” within the U.S. banking sector amid a rising de-dollarization development worldwide. “There has been...
Russian Foreign Minister Sergey Lavrov States De-Dollarization ‘Can No Longer Be Stopped’
Russian Foreign Minister Sergey Lavrov has spoken on the present shift to nationwide currencies and the de-dollarization worldwide markets are presently experiencing. In a press...
China Warns of Global Financial Instability From US Economic Policies
China has urged the U.S. and different developed nations to evaluate the spillover results of their financial and monetary insurance policies. “The economic and financial...
IMF Says Sub-Saharan Africa Already Feeling Effects of the ‘Big Funding Squeeze’
Countries from the Sub-Saharan Africa (SSA) area face a “big funding squeeze” which is forcing a few of them to chop spending on well being,...
IMF Blog: Interest Rates to Fall to Pre-Pandemic Levels Once Inflation Is Tamed
When inflation in superior economies is tamed, actual rates of interest are prone to drop to pre-pandemic ranges, the newest International Monetary Fund (IMF) weblog...