Tag Archives: Dollar

US won’t give ‘one single dollar’ for Syria reconstruction until Iranian forces are out – Pompeo

The US will spend no more money on the reconstruction of war-ravaged Syria if it does not see off Iranian troops, US Secretary of State Mike Pompeo has said. The US previously said it would stay in Syria as long as Iran is there. Speaking to the pro-Israel Jewish Institute for National Security of America on Wednesday, Pompeo said that ...

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Fraud kingpin ran multi-million dollar ops from inside immigration detention center

It started with the arrest of 36-year-old woman in Sydney on suspicion of laundering more than $ 480,000 gained by hacking multiple business emails; within a week, police had taken down a $ 3 million international crime syndicate. “We can’t establish at this stage who it’s gone to or what it’s being used [for],” Detective Superintendent Arthur Katsogiannis told reporters ...

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Russia can completely dump US dollar in 5 years – snr lawmaker

The head of the Russian Lower House Committee for Financial Markets has backed a plan to completely stop using the US dollar, noting that the program can be completed in three to five years. “I think these are all very feasible proposals, though they are not designed to save our banking system, but to implement the measures that would make ...

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US dollar and rouble equally attractive to Russians as means of savings poll shows

About a quarter of Russians said they prefer to keep savings in US dollars but almost an equal share of population said that they consider Russia’s rouble stable enough for this purpose, according to a recent online poll. The research, conducted by the Russian job search portal Rabota.ru earlier this month, also showed that 82 percent of the Russian public ...

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Russia may stop using US dollar for mutual payments – senator

Senator Igor Morozov says Russia must lead a dollar-dumping trend in response to the latest sanctions threat, as the move would bring disaster to the debt-ridden US economy and would be a good reply to Washington’s policies. Russian Senator Igor Morozov has urged his country and its allies to stop using the US dollar for mutual payments, adding that the ...

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Russia’s move to ditch dollar in favor of gold minimizes risk of US political blackmail – analyst

Bank of Russia data shows the country’s gold holdings are approaching 2,000 tons, nearly quadrupling over the recent decade and rising to 17 percent of the nation’s total foreign reserves. By opting to purchase precious metals and liquidating holdings of US Treasury securities, Russia has been playing it smart, precious metals market analyst Dimitri Speck said, commenting on the latest ...

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Iranian rial falls to record low against the US dollar & central bank blames ‘nation’s enemies’

The unofficial rate of the Iranian rial plummeted to a record low of 112,000 rials against the dollar on concerns over the imminent return of full US sanctions. The rial has lost more than a half of its value against the dollar in just four months, having fallen to the 50,000-mark for the first time in March. Iranians have been ...

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Russia’s gold reserves approaching Stalin-era record, cutting dependence on US dollar

With 2,000 tons of gold in reserves, Russia’s bullion holdings are approaching the Soviet peak seen in 1941. Moscow is striving for financial independence and escape from US dollar hegemony, analysts told RT. Read more “Some countries in the world want to depend as little as possible on US policy, they dump the dollar in trade and American assets as ...

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Iran plans launch of national cryptocurrency to ditch dollar in oil trade

Tehran is seeking ways to bypass looming US sanctions by launching a cryptocurrency that would help the Islamic Republic trade oil without using the dollar. “We are trying to prepare the ground to use a domestic digital currency in the country,” Alireza Daliri, deputy for management and investment at the Directorate for Scientific and Technological Affairs, told Iranian news agency ...

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US making mistake using dollar as political weapon – Putin

Washington’s use of payment systems for political purposes undermines the US dollar as a global currency, said Russian President Vladimir Putin at the BRICS Summit in South Africa. According to Putin, Russia has no intention of getting rid of the US dollar, as the currency is widely used in international trade and business. “We will continue to use the US ...

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