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Tag: American dollar

US Should Not Teach Us What To Do On Refugees Operation

US Should Not Teach Us What To Do On Refugees Operation

International
American Ambassador should avoid commenting on anything happening in Malawi, Why US Ambassador Flout Malawi Laws? The United States (US) condemned for commenting issues that wants to distruct Africa and Malawi, The US has again rise critising government for fulfilling the law of the land for relocating refugees to designated places, American has nothing to offer in Malawi rather than destroying the warm heart of Africa Malawi, every time malawi try to exercise the rights American Ambassador is there and critise , what exactly the American wants to malawi? The same Americans are pushing same sex marriages in Malawi they want Malawi to adopt homosexual in this country, should we go to hell because of their donations they call it grants to us?There is no free money and Americans have n...
De-Dollarisation Has Begun

De-Dollarisation Has Begun

World News
Last week, China and Brazil reached an agreement to settle trades in one anothers’ currencies. Over the past 15 years, China has replaced the United States as the main trading partner of resource-rich Brazil, and as such that shift may have been inevitable. But within the context of recent circumstances, this appears to be another in a series of recent blows to the central role of the dollar in global trade. As the world’s reserve currency, the US dollar is essentially the default currency in international trade and a global unit of account. Because of that, every central bank, Treasury/exchequer, and major firm on Earth keeps a large portion of their foreign exchange holdings in US dollars. And because holders of dollars seek returns on those balances, the ubiquity of dollars dri...