The Iranian-Saudi Rapprochement Will Deal a Deathblow to the Dollar

The Iranian-Saudi Rapprochement Will Deal a Deathblow to the Dollar

There’s no doubt that upcoming Saudi moves in support of the petroyuan that are taken in coordination with Iran and Russia would catalyze the next natural phase of de-dollarization. Russian-GCC real-sector trade that’ll be carried out via Iran across the North-South Transport Corridor will be conducted in national currencies and thus prepare those three for…

The War for the Dollar is Over – Part II: The Fly or the Windshield?

The War for the Dollar is Over – Part II: The Fly or the Windshield?

Live images flashing byLike windshields towards a flyFrozen in that fatal climbBut the wheels of time, just pass you by-RUSH, “Between the Wheels” In part I of this series I told you the war over the US dollar was over because the bane of domestic monetary policy, Eurodollar futures, lost the battle with SOFR, the…

De-Dollarization in Africa: South Sudan to Drop US Dollar for Local Currency

De-Dollarization in Africa: South Sudan to Drop US Dollar for Local Currency

Back in 2010, the South Sudanese Government was warned by students who majored in economics that using the US dollar for local transactions would pose an economic risk to the country, and they were right.  The Sudan Tribune report described the students concerns about the government’s dollarization of South Sudan’s economy, “Southern Sudanese students studying…

The Big Stiff: Russia-Iran Dump the Dollar and Bust US Sanctions

The Big Stiff: Russia-Iran Dump the Dollar and Bust US Sanctions

The agreement between the Central Banks of Russia and Iran formally signed on 29 January connecting their interbank transfer systems is a game-changer in more ways than one. Technically, from now on 52 Iranian banks already using SEPAM, Iran’s interbank telecom system, are connecting with 106 banks using SPFS, Russia’s equivalent to the western banking…