dedollarization – Page 4

Ecuadorian Presidential Candidate Proposes a National Cryptocurrency but It Won’t Replace the Dollar

January 18, 2021 by DIGIT

An Ecuadorian presidential candidate hinted at creating a cryptocurrency in the country as part of its government agenda. Giovanny Andrade said that the national crypto aims to “facilitate” transactions across the country. Crypto Could Be Backed by Gold During an interview with Primicias, Andrade, representing the Union Ecuatoriana party, believes its cryptocurrency idea is a … Read more

Gold Exceeds U.S. Dollars in Russia’s Reserves as Putin Focuses on De-Dollarization

January 17, 2021 by DIGIT

Russia is now holding more gold than U.S. dollars in its reserves for the first time, according to the latest report by Russia’s central bank. Russian President Vladimir Putin has made de-dollarization his country’s key policy to reduce the Russian economy’s exposure to the U.S. dollar amid heavy sanctions. Russia Now Has More Gold in … Read more