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U.S. President-elect Donald Trump on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that would replace the United States dollar ...
Trump on Thursday warned off BRICS member countries from replacing the U.S. dollar as a reserve currency by repeating a threat of 100% tariffs he had made weeks after winning the November ...
President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face ...
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
The currency interventions under Erdoğan administration started as a result of the sale of foreign exchange reserves of the Central Bank of the Republic of Turkey (CBRT). From 2019 to 2020, CBRT sold foreign currency amounting to estimated $128bn to bolster the weakening Turkish lira.
In mid-August 2018, Russia and Turkey backed one another in their respective disputes with the United States. Russia condemned U.S. sanctions against Turkey over the detention of Andrew Brunson, [48] while Turkey stated its opposition to U.S. sanctions on Russia over the annexation of Crimea and interference in the 2016 U.S. elections. [48] [49 ...
US President-elect Donald Trump threatened to levy 100% tariffs on BRICS -- a China- and Russia-led group of nations with emerging economies -- if the countries decide to issue their own currency.
In 2022, Turkish President Recep Tayyip Erdoğan said that Turkey could not join sanctions on Russia because of import dependency. [85] Turkey imported almost half of its gas from Russia. [86] Erdoğan and Russian President Vladimir Putin planned for Turkey to become an energy hub for all of Europe. [87]