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Russian MP suggests ban on foreign currency transactions
An MP who represents the United Russia majority party has prepared legislative amendments that would make the Russian ruble the only valid currency in the country, and put an end to dependency on the...
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US Senate passes more Iran sanctions
The U.S. Senate passed unanimously an amendment to its budget resolution on Saturday, March 24, which supported attempts to block Iran’s access to its foreign exchange reserves and limit Iran’s...
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Yuan outperforms Euro, becomes 2nd most popular trade finance currency
The yuan has replaced the euro to become the second most widely used currency in global trade in 2013, according to the SWIFT network responsible for international financial transactions. The share of...
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US-Russia political tensions will speed up demise of dollar
An American economist says the political tensions between Washington and Moscow will speed up the demise of the US dollar in international transactions. “The political tensions between the United...
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