INDONESIA-JAKARTA-ASEAN SUMMIT-CITY VIEW

INDONESIA-JAKARTA-ASEAN SUMMIT-CITY VIEW

(230506) -- JAKARTA, May 6, 2023 (Xinhua) -- This photo taken on May 5, 2023 shows a street decoration of the logo of the 2023 ASEAN Summit in Jakarta, capital of Indonesia. TO GO WITH "Roundup: ASEAN summit expected to highlight economic growth, ASEAN centrality, de-dollarization" (Xinhua/Xu Qin)

INDONESIA-JAKARTA-ASEAN SUMMIT-CITY VIEW

INDONESIA-JAKARTA-ASEAN SUMMIT-CITY VIEW

(230506) -- JAKARTA, May 6, 2023 (Xinhua) -- This photo taken with a mobile phone on May 5, 2023 shows a street decoration of the logo of the 2023 ASEAN Summit in Jakarta, capital of Indonesia. TO GO WITH "Roundup: ASEAN summit expected to highlight economic growth, ASEAN centrality, de-dollarization" (Xinhua/Xu Qin)

INDONESIA-JAKARTA-ASEAN SUMMIT-CITY VIEW

INDONESIA-JAKARTA-ASEAN SUMMIT-CITY VIEW

(230506) -- JAKARTA, May 6, 2023 (Xinhua) -- This photo taken with a mobile phone on May 5, 2023 shows a street decoration of the logo of the 2023 ASEAN Summit in Jakarta, capital of Indonesia. TO GO WITH "Roundup: ASEAN summit expected to highlight economic growth, ASEAN centrality, de-dollarization" (Xinhua/Xu Qin)

INDONESIA-JAKARTA-ASEAN SUMMIT-CITY VIEW

INDONESIA-JAKARTA-ASEAN SUMMIT-CITY VIEW

(230506) -- JAKARTA, May 6, 2023 (Xinhua) -- This photo taken on May 5, 2023 shows a street decoration of the logo of the 2023 ASEAN Summit in Jakarta, capital of Indonesia. TO GO WITH "Roundup: ASEAN summit expected to highlight economic growth, ASEAN centrality, de-dollarization" (Xinhua/Xu Qin)

Experts call for de-dollarization for national financial stability amid Fed rate hikes

STORY: Experts call for de-dollarization for national financial stability amid Fed rate hikes DATELINE: July 29, 2022 LENGTH: 00:02:12 LOCATION: Paris/Rio de Janeiro CATEGORY: POLITICS/ECONOMY SHOTLIST: various of U.S. Federal ReserveSOUNDBITE 1 (English): RONNIE LINS, Director of China-Brazil Center for Research and Businessvarious of containersvarious of street views in U.S.SOUNDBITE 2 (French): MICHEL RUIMY, Economist, Professor of economy at Sciences Po Paris and ESCP Europe STORYLINE: Experts have called for de-dollarization to maintain national financial stability amid the U.S. Federal Reserve rate hikes. The U.S. Fed is on an aggressive rate hike cycle. On Wednesday, it raised its benchmark interest rate by 75 basis points, bringing the total interest rates hikes since March to 225 basis points. SOUNDBITE 1 (English): RONNIE LINS, Director of China-Brazil Center for Research and Business "The strong dollar hurts developing nations. The dollar is getting stronger, hitting 20-year highs against

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

(220714) -- BEIJING, July 14, 2022 (Xinhua) -- Photo taken on Feb. 25, 2022 shows the main building of Bank of Russia in Moscow, Russia. (Photo by Evgeny Sinitsyn/Xinhua)

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

(220714) -- BEIJING, July 14, 2022 (Xinhua) -- People walk past a foreign exchange office in Cairo, Egypt, on March 21, 2022. (Xinhua/Ahmed Gomaa)

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

(220714) -- BEIJING, July 14, 2022 (Xinhua) -- Photo taken on June 22, 2022 shows the U.S. Federal Reserve building in Washington, D.C., the United States. (Xinhua/Liu Jie)

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

(220714) -- BEIJING, July 14, 2022 (Xinhua) -- Photo taken on July 7, 2022 shows the euro (back) and U.S. dollar banknotes in Brussels, Belgium. (Xinhua/Zheng Huansong)

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

(220714) -- BEIJING, July 14, 2022 (Xinhua) -- A customer shops at a supermarket in Oregon, the United States, July 13, 2022. (Xinhua/Wang Ying)

U.S. financial hegemony backfires as countries opt for de-dollarization

STORY: U.S. financial hegemony backfires as countries opt for de-dollarization DATELINE: July 14, 2022 LENGTH: 00:02:33 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY/POLITICS SHOTLIST: 1. various of the street view of in the U.S. 2. SOUNDBITE (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City STORYLINE: With the U.S. dollar being increasingly weaponized by a self-serving Washington, countries have been seeking reliable alternatives to regain financial independence. India's central bank has recently unveiled an Indian rupee settlement system for international trade, a move seen as a step towards de-dollarization. An American economist says the U.S. financial hegemony backfires as countries opt for de-dollarization. SOUNDBITE (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City "That (the dollar hegemony) enabled America to have high living standards and to be rich despite the fact that it's de-industrialized. The question is how