de-dollarization

Paromita Das New Delhi, 2nd September: The global spotlight has turned firmly toward the SCO 2025 Summit in Tianjin, where geopolitics and economics collided in dramatic fashion. The spark was lit thousands of miles away when former U.S.…

The RBI removed the prior approval requirement for Special Rupee Vostro Accounts (SRVAs). This aims to speed up the adoption of rupee-based trade settlements. The change is part of a strategy to de-dollarize trade and reduce…

By Anjali Sharma WASHINGTON - President Donald Trump on Friday has said that BRICS nations must maintain the US dollar’s role in global trade or face economic consequences. He expressed his stance against de-dollarization vehemently,…

GG News Bureau Beijing/New York, 21st Jan. The global financial landscape is undergoing a seismic shift as over 40 countries move to reduce reliance on the US dollar, opting instead for alternative currencies like the Chinese yuan. China’s…

GG News Bureau New Delhi, 16th Jan. The global move towards de-dollarization has gained traction as 12 countries have agreed to replace the US dollar with local currencies for cross-border trade. This strategic shift aims to strengthen…

*Paromita Das The US dollar has been the undisputed reserve currency worldwide since the 1970s. Agreements with Saudi Arabia and numerous other Middle Eastern nations solidified the global oil market's use of the dollar. Trading in US…