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Argentina’s populist President Javier Milei is planning to dollarize the country’s economy to save the obliterated local currency, the peso. The idea was his key plank during the elections, where he repeatedly mentioned that the US dollar should take over the country’s finances. He is now mulling the ideology again, citing that the only solution to contain inflation is to make the USD the sole currency in the country. As the US dollar pushed the peso to new all-time lows, the central bank had to intervene and burn close to $1 billion since Wednesday to save the local currency in the forex markets. The large-scale sell-off is affecting the national financial system, and Milei suggested that Argentina must dollarize its economy to stop the damage. Milei explained that moving the national financial system to the US dollar would take close to four years. In addition, local banks would have to convert their overall portfolio to the USD and implement a dollar-compliant trans...

The Chinese government has recently created a China 125% tariff exemption list and is now quietly notifying companies about it. This move comes as Beijing attempts to ease some of the economic pressure while still maintaining a rather tough public stance in its ongoing trade war with Washington. At the time of writing, several critical product categories have already received relief from these hefty tariffs, though the full list of U.S.-made goods remains largely undisclosed to the public and is still evolving. JUST IN: China secretly creates list of US-made goods exempt from 125% tariffs, Reuters reports. — Watcher.Guru (@WatcherGuru) April 30, 2025 Also Read: Broadcom (AVGO) Has 600% Jump in 5 Years: $2T Potential? How China’s 125% Tariff Exemptions Affect U.S. Trade and Businesses Source: Global Times Right now, Chinese authorities are privately reaching out to companies about these exemptions rather than making any broad public announcements about their tariff strategy. This ...

RICS member India remains skeptical of a common BRICS currency citing risks of alienating global trade ties with the US. Leading import and export businesses in India and those stationed in the US want to keep the US dollar intact. Indian businesses are now cautious in embracing a common currency as it risks disrupting the normal flow of commerce. Also Read: 23 Countries Show Interest To Join BRICS in 2025 The evolving framework of the BRICS alliance is moving towards the formation of a new common currency for trade. It challenges the global economic system but the push towards a common currency is usually made by China and Russia. Indian businesses are concerned that a common BRICS currency gives power to China and make its economy influential. Also Read: BRICS: 2 Countries Settle $37 Billion Trade in Local Currencies BRICS: India Disinterested in Common Currency, Wants the US Dollar Source: Freepik.com Businesses in India need the US dollar to survive as the currency provides securit...

Russia’s President Vladimir Putin proudly displayed a mock-up currency bill at the 16th summit in Kazan this year. The BRICS alliance clarified that the banknote is unofficial and was only a display presented by Putin. The theatrics of a BRICS currency followed Russia’s de-dollarization agenda to evade sanctions. Also Read: BRICS: India Extends CBDC Payments to New Countries However, the de-dollarization agenda has no takers even among the existing BRICS members. Countries like India, South Africa, and Brazil are slowly taking a step back as the dust settles after the summit. Only desperate countries like Russia, China, and Iran are advancing de-dollarization using BRICS as a stepping stone. Also Read: BRICS: Morgan Stanley Predicts the Future of the US Dollar BRICS: Russia & China’s De-Dollarization Plans Find No Takers Source: AtlanticCouncil.org No serious development about launching a new BRICS currency is taking shape within the bloc. The formation of a BRICS curr...

After the BRICS alliance kick-started the de-dollarization agenda in 2022, several developing countries are seriously considering replicating the idea. The move helps to strengthen local currencies and native economies leaving the US dollar with no control of global finances. This decade will be filled with de-dollarization roadmaps that could bear fruit in the coming decades. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. The implications could be severe to the US economy leading to hyperinflation in the homeland that could drive prices of daily essentials up. Also Read: ‘BRICS Bridge’ To Replace SWIFT and End Dependency on the US Dollar BRICS: A New Country Lays Down Its De-Dollarization Roadmap Source: Reuters Zimbabwe is the new country that has laid the roadmap for de-dollarization replicating the ideals of the BRICS alliance. The Zimbabwean government has officially approved the de-dollarization roadmap and Finance Minister Mt...