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Iran, Pakistan discuss banking cooperation and de-dollarization
During the 51st meeting of ACU member states, the central bank chiefs of Iran and Pakistan discussed linking payment systems and ‘reducing dependency on dominant currencies’
May 25, 2023
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The first China-UAE gas deal in yuan: A new blow to dollar dominance
Chinese allies control 40 percent of OPEC+ oil reserves, and the GCC controls another 40 percent. With this China-UAE gas trade settled in yuan, the petrodollar today is under serious threat.
Apr 06, 2023
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Washington’s Dollar-and-Stick ploy with Iraq
Iraqi officials are in Washington to discuss “economic reforms” but are in fact being pressured to shun Iranian energy imports in the hope of having US sanctions and dollar rations lifted.
Feb 16, 2023
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The Big Stiff: Russia-Iran dump the dollar
News of Russian banks connecting to Iran’s financial messaging system strengthens the resistance against US-imposed sanctions on both countries and accelerates global de-dollarization.  
Feb 09, 2023
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The US holds Iraq hostage with the dollar
Since 2003, Iraq is required to send all its oil revenues to a single US bank account. Washington is now weaponizing Baghdad's own dollars against Iraq, by devaluing its currency and hindering payments.
Jan 22, 2023
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Global South: Gold-backed currencies to replace the US dollar
The adoption of commodity-backed currencies by the Global South could upend the US dollar’s dominance and level the playing field in international trade.
Jan 19, 2023
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By the numbers: The de-dollarization of global trade
Data suggests that US dollar reserves in central banks are dwindling, as is the influence of the US on the world economy. This presents a unique opportunity for regional currencies and alternative payment systems to enter the vacuum.
Jan 13, 2023
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India dumps US dollar for UAE dirham, Chinese yuan in Russian coal trade: Report
Russia became India's third-largest coal supplier after New Delhi began to move away from the US dollar in their bilateral trade
Aug 11, 2022
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Russia requests oil payments from India in UAE currency: Report
The UAE and India are among the many nations refusing western diktats to cut ties with Russia in the wake of the war in Ukraine
Jul 19, 2022
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Will the Global South break free from dollarized debt?
In his latest book, economist Michael Hudson pits socialism against finance capitalism and tears apart the 'dream civilization' imposed by the 1 percent.
Jun 09, 2022
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Iran to legalize crypto payments to enter international trade
Officials say that Central Bank of Iran has worked for two years on researching and developing a platform and infrastructure for a domestic cryptocurrency
Jan 15, 2022
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Russia, Turkey launch new economic ‘roadmap’
The Putin-Erdogan meeting in Sochi has rapidly accelerated Russian-Turkish economic initiatives and financial ties. These include bypassing western sanctions, integrating money transfers, and trading outside the dollar.
Aug 08, 2022
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The US plan to counter China and Iran in West Asia 
The US recognizes China's influence and Iran's dominance in West Asia, but its sluggish and ineffective responses not only hamper Washington's ability to counterbalance the eastward shift but also inflicts damage on its dwindling reputation as a trusted partner.
Jun 08, 2023
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The Sultan 2.0 will heavily tilt east
It's not that Erdogan has a scheme to head east at the west's expense. It's just that the world's grandest infrastructure, development, and geopolitical projects are all in the east today.
May 31, 2023
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UAE becomes Russian gold trade hub due to western sanctions
The wealthy Gulf state has become an important outlet for Russian trade and investment following the imposition of western sanctions due to Russia’s war with Ukraine
May 25, 2023
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Iraq welcomes new agreement to expand energy ties with Iran
As a result of US sanctions, Iraqi payments for Iranian fuel face multiple complications
May 11, 2023
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Ankara seeks to prop up Turkish lira ahead of elections
The runaway depreciation of the lira and high inflation remain key issues ahead of Turkiye’s crucial elections
May 03, 2023
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Ericsson fined $207m for concealing internal probe into bribes paid to ISIS
The Swedish company was involved in a large scale corruption scheme across several Asian countries
Mar 03, 2023
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Syria under the American whip: Sanctions that kill
The western sanctions weapon is not new to Syria, but since 2019 it has become a lethal one, destroying entire Syrian sectors and killing its people.
Feb 06, 2023
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Indian refiners purchase Russian crude in Emirati currency: Report
India has disregarded pressure imposed by western nations, and continues to engage in trade and energy cooperation with Russia
Feb 04, 2023
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Can western intel agencies spy on Hezbollah via crypto?
Although branded as a safe and secure mode of transaction, cryptocurrency networks are still vulnerable to hacking. In sanctions-hit and economic crisis-ridden Lebanon, this poses an existential threat to all Lebanese.
Dec 20, 2022
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Major Russian bank introduces transaction service with Iran
Lately, Iran and Russia have been stepping up banking and trade cooperation in an effort to confront an aggressive western sanction policy
Dec 20, 2022
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Chinese leader urges GCC nations to adopt yuan, Shanghai exchange for oil and gas trade
Xi Jinping called China and Gulf nations 'natural partners' and urged regional leaders to be partners in promoting unity, development, and security
Dec 09, 2022
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Everybody wants to hop on the BRICS Express
Eurasia is about to get a whole lot larger as countries line up to join the Chinese and Russian-led BRICS and SCO, to the detriment of the west
Oct 27, 2022
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Michael Hudson: A roadmap to escape the west’s stranglehold
The geoeconomic pathway away from the neoliberal order is fraught with peril, but the rewards in establishing an alternative system are as promising as they are urgent
Oct 06, 2022
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‘It won’t happen overnight’: Lebanese PM on new official exchange rate
Lebanese authorities are looking to close the gap between the 'official' exchange rate and the widely used black market rate in order to receive an IMF loan
Oct 01, 2022
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Lebanon’s central bank chief guilty of embezzling millions in public funds
Official documents show Riad Salameh laundered millions using real estate owned by shell companies linked to his close relatives, and did so with full impunity from other central bank authorities
Aug 29, 2022
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Russia looking to bolster reserves with Turkish, Chinese currencies
Russia, along with several other sanctioned nations, has begun moving away from western currencies in order to overcome sanctions
Aug 12, 2022
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Five major Turkish banks adopt Russian payment system
Western nations are reportedly on high alert about Ankara's flourishing economic ties with Moscow
Aug 08, 2022
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Russia in Africa: Connecting continents with soft power
Rather than continental, Russian and Chinese-led infrastructural development in Africa should be seen as part of a grander project of Afro-Asiatic integration
Aug 01, 2022
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