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25 mass marches" loyalty to martyr of Muslims in Sa'ada
[04 October 2024]
Women's Committee protest in Hajjah
[04 October 2024]
Mass rallies in nation's martyr's honor & in solidarity with our brothers in Palestine & Lebanon in Amran
[04 October 2024]
Marib witnesses 13 marches & dozens of vigils in honor of Muslim martyr & in solidarity with Gaza , Lebanon
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Marches in Dalea in loyalty to nation's Sayyed Hassan Nasrallah
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  International
Young Palestinian man was injured by enemy bullets south of Nablus
[05 October 2024]
Gaza Civil Defense: 1/4 million raids with prohibited weapons
[04 October 2024]
Enemy army: Iraqi guided missile​ causes death, injury of 25 soldiers
[04 October 2024]
Mr. Khamenei: Iran will do what is necessary, will not be lenient or impulsive
[04 October 2024]
Solidarity march in Jordan condemns Zionist aggression on Palestine, Lebanon
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Operation Jaffa. Confirmation that battle of Al-Aqsa Flood continues to hurt Zionist enemy
[04 October 2024]
Joyful celebrations erupt over Iranian response in Zionist heartland: Report
[03 October 2024]
Simultaneous operations of resistance axis hit depth of Zionist enemy
[02 October 2024]
Lebanese Resistance.. Battle to Support Palestine is Going on as if Sayyed Leader is Still Alive
[01 October 2024]
War criminal Netanyahu dragging region into comprehensive war
[01 October 2024]
 
  US-Saudi Aggression
Military Media distributes scenes of down US MQ-9 aircraft in Dhamar
[16 September 2024]
Abdul Salam: Targeting civilians, educational facilities by US-British aggression is dangerous escalation
[10 September 2024]
Number of female students in Al-Jand School in Taiz martyred & injured by US-British aggression warplanes raid
[10 September 2024]
Aggression aircraft launches three raids on Ibb
[08 September 2024]
Citizen martyred in explosion of aggression remnants in Sarwah, Marib
[04 September 2024]
  Economy
Former IMF Official: US is main enemy of Dollar
Former IMF Official: US is main enemy of Dollar
Former IMF Official: US is main enemy of Dollar
[Mon, 30 Sep 2024 17:34:39 +0300]

Brasilia - Saba: Brazilian economist Paulo Batista stated on Monday that confidence in the dollar as a global reserve currency is increasingly declining as more countries seek alternatives to the U.S. currency.

In an interview reported by Russia Today, Brazil's former representative to the International Monetary Fund, Paulo Nogueira Batista Junior, confirmed that the dollar and the IMF are often used as tools against countries that do not have the West's approval.

The economic expert emphasized that the U.S. dollar has become a dangerous currency, citing the situation of Russian reserves as an example. He pointed out that approximately $300 billion of Russian sovereign assets are currently frozen in Western jurisdictions.

Batista noted that the United States "is the main enemy of the dollar" because it increasingly uses its currency as a weapon. This approach has compelled a number of countries to seek alternatives to the Western financial system.

Despite this, Batista acknowledged that the dollar will remain an "important" currency. However, he stressed that using the dollar as a weapon against nations perceived as hostile to the West undermines confidence in the currency.

Regarding the methods of coercion employed against countries deemed hostile or conciliatory toward the West, Batista highlighted the role of the IMF, which he believes functions more as a political tool in the hands of the West and the United States than as a true multilateral institution.


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UPDATED ON :Sat, 05 Oct 2024 00:01:51 +0300