Top 5 Countries Opting to Ditch US Dollar, Reasons behind Their Move
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Top 5 Countries Opting to Ditch US Dollar, Reasons behind Their Move

Global tensions caused by economic sanctions and trade conflicts triggered by Washington have forced targeted countries to take a fresh look at alternative payment systems currently dominated by the US dollar. RT has taken a deeper look into the recent phenomena of de-dollarization, summing up which countries have taken steps towards eliminating their reliance on the greenback, and the reasons behind their decision. China The ongoing trade conflict between the United States and China, as well as sanctions against Beijing's biggest trading partners have forced China to take steps towards relieving the dollar dependence of the world's second-largest economy. In Beijing's signature soft-power style, the government hasn't made any loud announcements on the issue. However, the People's Bank of China has been regularly reducing the country's share of US Treasuries. Still the number-one foreign holder of the US sovereign debt, China has cut its share to the lowest level since May 2017. Moreover, instead of promptly dumping the greenback, China is trying to internationalize its own currency, the yuan, which was included in the IMF basket alongside the US dollar, the Japanese yen, the euro, and the British pound. Beijing has recently made several steps towards strengthening the yuan, including accumulating gold reserves, launching yuan-priced crude futures, and using the currency in trade with international partners. As part of its ambitious Belt and Road Initiative, China is planning to introduce swap facilities in participating countries to promote the use of the yuan. Moreover, the country is actively pushing for a free-trade agreement called the Regional Comprehensive Economic Partnership (RCEP), which will include the countries of Southeast Asia. The trade pact could easily replace the Trans-Pacific Partnership (TPP), the proposed multi-national trade deal which was torn up by US President Donald Trump shortly after he took office. RCEP includes 16 country signatories and the potential pact is expected to form a union of nearly 3.4 billion people based on a combined $49.5 trillion economy, which accounts for nearly 40 percent of the world's GDP. India Ranked the world's sixth-largest economy, India is one of the biggest merchandise importers. It's not surprising that the country is directly affected by most global geopolitical conflicts and is significantly impacted by sanctions applied to its trading partners. Earlier this year, Delhi switched to ruble payments on supplies of Russian S-400 air-defense systems as a result of US economic penalties introduced against Moscow. The country also had to switch to the rupee in purchases of Iranian crude after Washington reinstituted sanctions against Tehran. In December, India and the United Arab Emirates sealed a currency-swap agreement to boost trade and investment without the involvement of a third currency. Taking into account that India is the third-largest country by purchasing power parity, steps of this kind could considerably diminish the role of the greenback in global trading. Turkey Earlier this year, Turkish President Recep Tayyip Erdogan announced plans to end the US dollar monopoly via a new policy that is aimed at non-dollar trading with the country's international partners. Later, Turkey's leader announced that Ankara is preparing to conduct trade through national currencies with China, Russia and Ukraine. Turkey also discussed a possible replacement of the US dollar with national currencies in trade transactions with Iran. The move was prompted by political and economic reasons. Relations between Ankara and Washington have been deteriorating since the failed military coup in the country to oust President Erdogan in 2016. It's been reported that Erdogan suspects US involvement in the uprising and accuses Washington of harboring exiled cleric Fethullah Gulen, whom Ankara blames for masterminding the coup. The Turkish economy sank after Washington introduced economic sanctions over the arrest of US evangelical pastor Andrew Brunson on terrorism charges in relation to the uprising. Erdogan has repeatedly slammed Washington for unleashing a global trade war, sanctioning Turkey and trying to isolate Iran. The NATO member's decision to buy Russian S-400 missile systems added fuel to the fire. Moreover, Turkey is trying to ditch the dollar in an attempt to support its national currency. The lira has lost nearly half of its value against the greenback over the past year. The currency plunge was exacerbated by soaring inflation and increasing prices for goods and services. Iran A triumphant return of Iran to the global trading arena did not last long. Shortly after winning the US presidential election, Donald Trump opted to withdraw from the 2015 nuclear deal signed between Tehran and a group of nations, including the UK, US, France, Germany, Russia, China, and the EU. The oil-rich nation has once again become a target for severe sanctions resumed by Washington, which has also threatened to introduce penalties against any countries that would violate the embargo. The punitive measures banned business deals with the Islamic Republic and cracked down on the country's oil industry. Sanctions have forced Tehran to look for alternatives to the US dollar as payment for its oil exports. Iran clinched a deal for oil settlements with India using the Indian rupee. It also negotiated a barter deal with neighboring Iraq. The partners are also planning to use the Iraqi dinar for mutual transactions to reduce reliance on the US dollar amid banking problems connected to US sanctions. Russia President Vladimir Putin said the US is "making a colossal strategic mistake" by "undermining confidence in the dollar."Putin has never called for restricting dollar transactions or banning the use of US currency. However, Russian Finance Minister Anton Siluanov said earlier this year that the country had to dump its holdings of US Treasuries in favor of more secure assets, such as the ruble, the euro, and precious metals. The country has already taken several steps towards de-dollarizing the economy due to the constantly growing burden of sanctions that have been introduced since 2014 over a number of issues. Russia has developed a national payment system as an alternative to SWIFT, Visa and Mastercard after the US threatened tougher new sanctions that would target Russia's financial system. So far, Moscow has managed to partially phase out the greenback from its exports, signing currency-swap agreements with a number of countries including China, India and Iran. Russia has recently proposed using the euro instead of the US dollar in trade with the European Union. Once a top-10 holder of US sovereign debt, Russia has all but eliminated its holdings of US Treasuries. Moscow has used the money to boost the nation's foreign reserves and to build up its gold stockpile to stabilize the ruble.

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Islamic Channels are Fading out | Save Them

Islamic Channels are Fading out | Save Them

Islamic Channels are Fading out | Save ThemDonate here: Gofundme: https://www.gofundme.com/rationalbeliever Paypal: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=EN79XRUF35QWL **************************************************************************************************************************************** As'salamu Alaikum Wa Rahmatullahi Wa Barakatuh, Dear viewers! As some of you are aware, it’s a couple of months that YouTube has updated its policies by setting the algorithms so that it targets Islamic content and channels. They removed so many Islamic channels from their partner program while almost none of those channels violated any of their policies. With this they try to fade out the Islamic Dawah. Same thing happened to our channel too… It is the third time that our channel is being targeted by YouTube. First they have banned a video worldwide for couple of hours, then they deleted a video with the claim that it violated their terms and conditions while it wasn’t the case... and recently they have demonetized our channel (the only source that could cover a part of our production costs) again by claiming that our content is violating their terms and conditions while in reality we have never promote violence, or produce inappropriate content. It seems like they want to demotivate us so that we stop producing Islamic contents. But by the will of Allah (swt) that will never happen! Indeed production of a professional content needs huge costs and time. A lot of efforts (e.g. providing topics, doing research, providing footage, making narration, recording, graphics, editing & etc...) goes into making only one video. And we alone are not capable of covering the whole costs since we have no more financial source. Therefore we ask you to join and take part in our dawah mission and support our channel in order to continue with even more amazing contents and to help us educate people around the world about the beautiful religion (ISLAM) and make them come closer to Allah (swt). Currently we are unable to create any patreon page due to some problems. But you can donate to the below gofundme and paypal links: For those brothers/sisters who have problem with the donation campaigns for Islamic channels: Just know that Allah is enough for them, it’s about your responsibility for your religion. They didn’t make these channels to make money out of them, for sure if they were looking for money, they would choose some other ways which would make way more money for them. But they chose to serve for their religion. They all try their best and have their own way of presenting the message of Islam… they face huge problems while making those contents which help you and your children. Be with them Support them to spread the truth And be the cause for guidance of masses In Sha Allah In sha Allah your donation will be counted as (Sadaqah Jaariyah) and will get continues rewards since these contents will reach to millions of viewers by the passage of time. If you can't support us financially, please make Dua for us. Jazzak Allahu Khairan, Rational Believer
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Prophet Muhammad (Saw) Stories | Old Woman And The Prophet Muhammad (Saw) | Quran Stories For Kids

Prophet Muhammad (Saw) Stories | Old Woman And The Prophet Muhammad (Saw) | Quran Stories For Kids

Prophet Muhammad (Saw) Stories | Old Woman And The Prophet Muhammad (Saw) | Quran Stories For KidsAssalamu Alaikum ! A long time ago, there lived an old woman who was carrying a heavy load along the road in the desert. It was a bit difficult for her, but she was managing as best as she could. Prophet Muhammad (pbuh) helped her and took the luggage from the woman and carried it for her. Prophet Muhammad (pbuh) asked the woman that where she was going and why? She said that I am leaving this town as I have heard that a magician named Muhammad is in town. Then what happened ? Will Prophet (SAW) help the old lady? Watch the full episode and learn more!!! We are bringing to you, for the very first time, the Stories of the Prophet (pbuh). The stories are structured to teach your little ones about the life and achievements of Prophet in an easy to understand format. Our videos are ideal for 6-12 year old children, and the adults too can enjoy our videos. Our videos are ideal for 4-12 year old children, and the adults too can enjoy our videos. Each of our videos presents the stories of Prophets from different times. Every video highlights the work of a Prophet, and how He preached the message of Allah (swt). The length of each segment, and the easy to understand narrative makes our videos an ideal teaching resource for parents and teachers. Please support us to keep making more videos! Subscribe our channel for latest updates : https://goo.gl/MgzqIw Download ► https://bamazoo.com/Prophetstories Watch our Prophet Stories : 1. Prophet Adam(as): https://goo.gl/qEcc9c 2. Prophet Nuh (Noah) (as): https://goo.gl/g28ENa 3. Prophet Hud (as): https://goo.gl/CxTZz4 4. Prophet Salih (Saleh)(as): https://goo.gl/jbiRQL 5. Prophet Ibrahim (as): https://goo.gl/SCVmrm 6. Prophet Isma'il (Ishmael): https://goo.gl/0b89zs 7. Prophet Ishaq (Isaac) &Prophet Yaqub (as) : https://goo.gl/InP2fB 8. Prophet Lut (Lot) (as): https://goo.gl/Mwiqvb 9. Prophet Yaqub (AS): https://goo.gl/mVEDh4 10. Prophet Shuaib (as) : https://goo.gl/t4hWCh 11. Prophet Yusuf(as): https://goo.gl/ydO3eQ 12. Prophet Ayyub (as) : https://goo.gl/ot5uyu 13. Prophet Yunus (Jonah) (as): https://goo.gl/IqGLeq 14. Prophet Musa (AS) : https://goo.gl/B4PYRg 15.Prophet Yusha AS & Prophet Hizqeel (AS) : https://goo.gl/zWzmVm 16.Prophet Shammil (AS) : https://goo.gl/4v3Q6d 17. Prophet Dawud (AS) Story Part - 1 : https://goo.gl/eBLXpU 18. Prophet Dawud (AS) Story Part-2 : https://goo.gl/2ziQg8 19. Prophet Sulaiman (AS) : https://goo.gl/yKjthN 20. Prophet Isaiah (AS) : https://goo.gl/eoDMHn 21. Prophet UZAIR(AS) : https://goo.gl/ptwfqR 22. Prophet Zakariyah (AS) : https://youtu.be/70qnWsQv5DM 23. Prophet Yahya (AS) Story : https://youtu.be/rGbzcz7tnz0 24. Prophet Isa (AS) Story Part - 1 : https://youtu.be/J-fOJKnU3o8 25. Prophet Isa (AS) Story Part - 2 : https://youtu.be/qE-1TxjIRN4 26. Prophet Isa (AS) Story Part - 3 : https://youtu.be/Zf-YX6Lwn0w 27. Prophet Muhammad(saw)Part1: https://youtu.be/WEEORXFj-lo 28. Prophet Muhammad (saw) Part2 : https://youtu.be/LO3WUk1b7fk 29. Prophet Muhammad (saw) Part3 : https://goo.gl/mtzZ8Z 30. Prophet Muhammad (saw) Part4 : https://goo.gl/iA1uED 31. Abbad Ibn Bashir (RA) : https://goo.gl/q3FDkQ 32. Prophet Ibrahim (AS) : https://goo.gl/ru1Xgd 33. Abdullah Ibn Masood (RA) Part 1: https://goo.gl/ZVmmH7 33. Abdullah Ibn Masood (RA) Part 2: https://goo.gl/BVNEjs 34. Abdullah Ibn Umm Maktum (RA) : https://goo.gl/Uy4Qti 35. Abu Darda (RA) : https://goo.gl/oXuqio 36. Abu Ubaidah ibn al-Jarrah (RA) : https://goo.gl/Psd9Uw 37. Noaman Ibn Muqqarin (RA) : https://goo.gl/SyNwq1 38. Syed Ibn Aamir Al Jumahi (RA) : https://goo.gl/W8PWGJ 39. Abuzar Al Gaffari (RA) : https://goo.gl/CUnr58 40. Salman Al Farisi (RA) part 1 : https://goo.gl/e88h72 41. Salman Al Farisi (RA) Part 2 : https://goo.gl/fbc6vm 42. Hazrat Ammar Ibn Yasir (RA) Part 1 : https://goo.gl/uuCzTJ 43. Hazrat Ammar Ibn Yasir (RA) Part 2 : https
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