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BRICS: Chinese Yuan Officially Overtakes US Dollar

Alongside the BRICS de-dollarization plans, the Chinese yuan has officially overtaken the US dollar as the top traded currency in Russia. Indeed, the currency has now surpassed the greenback as the most prominent foreign exchange in Moscow according to a Reuters report. The data shows that the yuan has accounted for more than 42% of […]

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Putin says a Biden presidency is better for Russia than a Trump one

A Joe Biden presidency would be better for Russia than a Donald Trump one, Russian President Vladimir Putin told pro-Kremlin journalist Pavel Zarubin in an on-camera interview Wednesday. Asked by Zuribin about the upcoming US presidential election, Putin said Biden would be better for Russia “because he is a more experienced person, he is predictable, he is a

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Cedi to hit single-digit depreciation against dollar in 2024 – EIU predicts

The Ghanaian cedi may experience a single-digit depreciation against the US dollar in 2024, as indicated in The Economist Intelligence Unit’s 2024 Africa Outlook Report. The UK-based firm attributes this potential stability to the benefits derived from the International Monetary Fund (IMF) programme. According to the report, only five African countries—Egypt, Sudan, Ethiopia, Angola, and

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