Global de-Dollarisation! Can BRICS lead the way for trade in local currencies?
De-dollarisation is on rise and will continue, Trump’s return may prove a bigger setback to the USD as reserve currency more than anything else
De-dollarisation is on rise and will continue, Trump’s return may prove a bigger setback to the USD as reserve currency more than anything else
Central banks shore up gold reserves to prepare for turbulent times, pushing up prices across the globe. The trend is here to stay.
With BRICS+6, GDP share will increase to 30% of global GDP. Major impact will be on global oil production, which will increase to 40% against 18% earlier
With Russia, India has initiated "rupee trade mechanism" for trade in INR; with Iran, bilateral trade payments arrangement was adopted in 2018, says govt
Will the gold-backed international currency end the dominance of the U.S. dollar?