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11/08/2024

All time champions. No Kenyan will skip this 🇰🇪🇰🇪

11/08/2024

Kenya leads African countries in the Paris Olympics 2024 games

12/05/2024

Luku ilikua moto 1970s😅😅

03/01/2024

Hello everyone. We are now back with hot news....invite your friends to the page and comment

03/01/2024

Happy new year🎉

06/08/2023

https://youtu.be/9rAHAVT7GGo

03/04/2023

Best Moments in football 😅😅

02/04/2023

BREAKING NEWS‼️Raila calls off Nation wide demonstrations to allow IEBC reconstitution

31/03/2023

"Prepare for ‘mother of all demonstrations’ on Monday", Raila says during a press release yesterday after an attack by police during the protests

31/03/2023

Mysterious😱 things found in the Bermuda Triangle
1. DOUGLAS DST AIRLINER

A DC-3 plane✈️ carrying 27 passengers disappeared near the end of a flight from San Juan on Dec. 28, 1948. The pilot had told the repair crew that a landing gear warning light was malfunctioning. After that report, it vanished and has never been found.

31/03/2023

wonder how Nairobi county Council vehicles get NTSA inspection stickers!!

COMMENT DOWN

31/03/2023

Moving forward, the Anti-Riot Police Unit will be using extremely high pressure water, mixed with a special, PINK, Russian-made chemical that will stick on protestors skin for 3-7 days.

This will make it easier for them to identify and arrest all protesters later.

30/03/2023

China and Brazil have reached a deal to trade in their own currencies, ditching the U.S. dollar.

29/03/2023

Kuna time nimeenda kushtua umaskini nikaingia Hilton Hotel na nikatulia, kidogo hivi kukapita Dem mmoja mrembo alikua na kadot kaa wahindi , akaturn kando yangu na flying kisses, alafu , Mimi kuturn kumcheki already alikua........ashapita na akajipea table different na enye nilikua akaita waiter na kumshow niitishe kitu nataka kukula,niliorder vitu sijawahi ona maishani na after kumaliza kula, nikafikiria kumshow Asante. Na hivo niliamka na bedsheets Kwa mdomo, vitu zingine hatufai kuota bana☺️😂💔

29/03/2023

Kenya and Belgium have agreed to develop working relations and partnerships in renewable energy, healthcare and trade

29/03/2023

Erich Omondi Arrested while submitting CV's in statehouse 😅😅🇰🇪

28/03/2023

Russia and China’s Steps Towards De-Dollarization
Concerned about America’s dominance over the global financial system and the country’s ability to ‘weaponize’ it, other nations have been testing alternatives to reduce the dollar’s hegemony.

As the United States and other Western nations imposed economic sanctions against Russia in response to its invasion of Ukraine, Moscow and the Chinese government have been teaming up to reduce reliance on the dollar and to establish cooperation between their financial systems.

Since the invasion in 2022, the ruble-yuan trade has increased eighty-fold. Russia and Iran are also working together to launch a cryptocurrency backed by gold, according to Russian news agency Vedmosti.

In addition, central banks (especially Russia’s and China’s) have bought gold at the fastest pace since 1967 as countries move to diversify their reserves away from the dollar.

How Other Countries are Reducing Dollar Dependence
De-dollarization it’s a theme in other parts of the world:

In recent months, Brazil and Argentina have discussed the creation of a common currency for the two largest economies in South America.
In a conference in Singapore in January, multiple former Southeast Asian officials spoke about de-dollarization efforts underway.
The UAE and India are in talks to use rupees to trade non-oil commodities in a shift away from the dollar, according to Reuters.
For the first time in 48 years, Saudi Arabia said that the oil-rich nation is open to trading in currencies besides the U.S. dollar.
Despite these movements, few expect to see the end of the dollar’s global sovereign status anytime soon. Currently, central banks still hold about 60% of their foreign exchange reserves in dollars.

28/03/2023

THE DOLLAR DOMINANCE IN THE WORLD

The U.S. dollar has dominated global trade and capital flows over many decades.

However, many nations are looking for alternatives to the greenback to reduce their dependence on the United States.

The United States became, almost overnight, the leading financial power after World War I. The country entered the war only in 1917 and emerged far stronger than its European counterparts.

As a result, the dollar began to displace the pound sterling as the international reserve currency and the U.S. also became a significant recipient of wartime gold inflows.

The dollar then gained a greater role in 1944, when 44 countries signed the Bretton Woods Agreement, creating a collective international currency exchange regime pegged to the U.S. dollar which was, in turn, pegged to the price of gold.

By the late 1960s, European and Japanese exports became more competitive with U.S. exports. There was a large supply of dollars around the world, making it difficult to back dollars with gold. President Nixon ceased the direct convertibility of U.S. dollars to gold in 1971. This ended both the gold standard and the limit on the amount of currency that could be printed.

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