As global discussions around the U.S. dollar's future and a potential BRICS currency gain momentum, President Putin’s recent comments highlight both the challenges and opportunities ahead. While Russia does not seek to abandon the dollar, evolving U.S. policies are driving nations to consider ...

... statements raise a number of questions about the future of the global currency system and the potential for creating an alternative to the dollar within the BRICS framework. The Dollar's Role in the Global Economy Since the end of World War II, the U.S. dollar has played a central role in the international economy. It has become the world's reserve currency, underpinning a significant portion of global trade and investments. Countries prefer the dollar for international transactions, while central banks ...

... want to gain a deeper understanding of current changes in global financial markets, stay with us — Open Oil Market continues to monitor key economic events. The Dollar Strengthens, the Euro Weakens: DXY Index at Its Highest Since November 2022 The U.S. Dollar Index (DXY), which reflects the strength of the USD against a basket of six major currencies, has reached its highest level since November 2022. At the same time, the euro (EUR) has fallen to its lowest values against the dollar in that same period....

... Tether (USDT) Cryptocurrency for May 2025 Tether (USDT) is the largest stablecoin in the cryptocurrency market, pegged to the US dollar at a 1:1 ratio. It plays a key role in the digital asset ecosystem, providing investors with the ability to quickly move ... ... cryptocurrencies without converting to fiat currency. By May 2025, the significance of USDT has only strengthened, capturing the lion's share of trading volumes on cryptocurrency exchanges, while its market capitalization remains consistently at record levels....

By the end of 2024, the ruble to dollar exchange rate may be in the range of 93 to 100 rubles. In this answer, we reviewed key expert forecasts, including estimates from the Russian Ministry of Economic Development and SberCIB Investment Research, and explained the main factors influencing ...