The world is shifting away from traditional commodities trading in US dollars, and Brazil’s Suzano is among the companies that are predicting a future where the dollar is no longer the dominant currency in the market. In this article, we’ll discuss why Suzano thinks the US dollar is losing relevance, what this means for commodities […]
Iran Central Bank & Oman Ditch the U.S. Dollar
Article Outline: Introduction The Central Bank of Iran’s initiative A shift away from the US dollar Strengthening economic ties with Oman Reasons behind the decision Reducing reliance on the US dollar Enhancing bilateral trade and economic relations Impact on Iran’s economy Mitigating risks associated with sanctions Encouraging foreign investment Potential challenges and considerations Currency conversion […]