Cryptocurrency News Today TheBitTimes.com

In a major de-dollarization scenario, Belarus has now joined the growing spree of nations moving away from the US dollar. The nation has openly stated how it has decreased its dependence on the dollar, while its economy continues to bank on the Belarusian ruble for future transactions and trade. Also Read: Belarus Wants Banks To Use Cryptocurrency To Escape Sanctions Belarus’s New Currency Shift Source: Bloomberg Belarus is experiencing a surge in de-dollarization activities, as confirmed by its president, Aleksandr Lukashenko. Lukashenko, in a meeting with the management of Belarus’ National Bank and heads of commercial banks on 9 September, shared that the US dollar share in Belarus has plunged gradually, with the country favoring its own currency, the Belarusian ruble, to conduct the majority of its transactions. “The de-dollarization of the economy is proceeding at an accelerated pace. The share of the ruble component in the broad money supply has increased from 41% in Decembe...

De-dollarization is not a buzzword anymore. In 2025, de-dollarization is fueling multiple narratives, evolving into a full-fledged phenomenon, a force to reckon with. Years of constant US dollar weaponization and relentless sanctioning have led the world to unite forces to forge elements that can truly debase the USD, ending their dependence on the US dollar. 70+ countries have now vowed to end their reliance on the American currency while popularly making use of these three methods. Also Read: J.P. Morgan: BRICS De-Dollarization Will Trigger US Borrowing Spike How Are 70+ Countries Ditching the US Dollar? 1. By Strengthening Regional Payment Setups Regional blocs like ASEAN have now formulated a new narrative, a style that promotes the establishment of sturdy regional payment setups. These centers are powered by connecting local/regional banks together, allowing the conduct of trade in simple local currency narratives. “The central banks of the Philippines, Indonesia, Malaysia, Singap...

The Donald Trump era has prioritized strict tariff regimens on countries that wish to trade with the US dollar. This new narrative has sparked fears of de-dollarization, impending trade wars, and retaliatory tariffs, which have directly taken a toll on the US dollar’s prestige. The Trump regime, with its harsh trade policies, has led the dollar down and has sparked fresh de-dollarization drives, with global sentiment favoring USD alternatives. In this wake, recent IMF data has revealed staggering details, adding how the global reserve share of the USD has declined consistently. Furthermore, another striking Analysis reveals a new currency taking over the global reserve attention, and no, it’s not the Chinese Yuan or the Euro. Also Read: Russia Says Joe Biden is Responsible For the US Dollar’s Decline IMF Data Reveals New Global Reserve Competitor Source: Study In Switzerland As per the IMF’s Currency Composition of Official Foreign Exchange Reserves, the Swiss franc’s global rese...

The US dollar has become increasingly toxic in global markets, and this reality is forcing countries around the world to seriously rethink their financial strategies right now. One of the most prominent economists in Russia has said that the dollar is now weaponized to the extent that global countries are scurrying around to seek alternative options and that this is already transforming foreign exchange reserves and currency diversification policies as well as global trade patterns in a manner and extent never experienced in the past. Also Read: De-Dollarization Gains Momentum: 50+ Countries Abandon US Dollar Dominance US Dollar Toxic Impact, De-Dollarization, Currency Diversification, And Trade Source: Watcher.Guru Expert Sounds Alarm on Dollar’s Political Weaponization Sergey Glazyev, commissioner at the Eurasian Economic Union and a commissioner of integration and macroeconomics is not beating around the bush in voicing his opinion about how bad Western currencies are doing at ...