The far-right president eliminated restrictions on the purchase of dollars that had existed for over a decade. On Friday, Argentine President Javier Milei eliminated the so-called “currency clamp,” a set of restrictions on the purchase of U.S. dollars. RELATED: Argentine Unions Hold General Strike After Retirees Protest “Today we were able to remove the last […]

President Maduro orders new exchange market mechanisms to stabilize Venezuela’s economy, urging fiscal balance and private sector cooperation. Related: Venezuela Records 16 Quarters of Economic Growth, Assures President Nicolás Maduro Today, Venezuelan President Nicolás Maduro directed Executive Vice President Delcy Rodríguez and the Central Bank of Venezuela (BCV) to implement new technological mechanisms aimed at […]

This economic block focuses rather on developing new joint platforms to facilitate investments. On Friday, Kremlin spokesman Dmitry Peskov clarified that the BRICS countries have no plans to create their own currency as an alternative to the dollar. RELATED: Mexico Has Several Plans to Respond to Trump’s Tariffs “There is no discussion within BRICS about […]

‘They can go find another sucker nation. There is no chance that BRICS will replace the U.S. dollar,’ he said. On Thursday, U.S. President Donald Trump repeated strong tariff threats to deter the BRICS nations from replacing the U.S. dollar. RELATED: Brazil Insists on International Trade in Local Currencies in the BRICS “The idea that […]

His return to power leads the French to realize that unity is vital, the French Prime Minister said. On Monday, French Prime Minister François Bayrou warned of the “incredibly domineering” plans of Donald Trump, who will be sworn in as U.S. President today. RELATED: TikTok Restores Its Service in the US by the Guarantees Received […]

The goal is not to compete with the dollar but to leverage the dynamism of emerging economies, Ambassador Saboia stated. In 2025, Brazil, which holds the presidency of the BRICS, will focus on promoting trade in local currencies among the bloc’s members. The goal is not to compete with the U.S. dollar but to leverage […]

The federal government’s debt has reached yet another psychological threshold amid widespread concerns. According to data released by the U.S. Treasury Department on Monday, the federal government’s total public debt has surpassed US$35 trillion for the first time, as recorded at the end of last week, equivalent to the combined economic output of China, Germany, […]

The Brics is a group of countries interested in the prevalence of international justice, while the West seeks in all ways to stop the multilateralization of the international community to prolong its hegemony.

With the U.S. government showing no sign of containing its spending in an election year, economists and observers have warned that high U.S. deficit poses risks to the U.S. and global economy. RELATED:  Pro-Palestinian Protests Spread in US Universities First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath said that while high […]