“Russia and Iran have also integrated the Mir payment system as an alternative to SWIFT. Russia has also allowed Iranian nationals to withdraw Iran’s rial currency from ATMs. The move further pushes the de-dollarization trend” PEGASUS REPORTERS, LAGOS | JANUARY 11, 2025 The de-dollarization trend has been fast taking hold on a global level. Although the greenback continues to ...
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“Furthermore, the country said that the decision was a result of a global economic shift. Indeed, they noted the “international crises over the past four years” as a major development in their decision. Subsequently, it is likely the change in trade currency is rooted in similar factors that have pushed the same action in many of the BRICS nations.” ...
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“These relative values are influenced by the demand for currency, which is in turn influenced by trade. If a country exports more than it imports, there is a high demand for its goods, and thus, for its currency” PEGASUS REPORTERS, LAGOS | SEPTEMBER 10, 2022 The balance of trade influences currency exchange rates through its effect on foreign exchange ...
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Pegasus Reporters Issues on the Wing
