Wednesday, June 7, 2023

dedollarisation

Dedollarisation a gradual journey, likely to face geopolitical challenges: Expert

The dedollarisation is a gradual journey and has to face various challenges, including geopolitical angle, said industry officials. The reported decision of India and Russia to suspend talks to settle bilateral trade in rupees is a big setback for the...

Indian corporates too can apply brakes on ‘dollar colonialism’

 Whether dedollarisation happens at the macro level, at the corporate levels the 'dollar colonialism' can be removed subject to some compulsory exemptions, said an industry official. Simply put, dedollarisation means lesser reliance on the US dollar as a medium of...

Buoyant ruble-yuan trade between China, Russia drives dedollarisation

 Against the backdrop of Russia cutting its usage of the US dollar, the Chinese yuan and Russian ruble are now the most used currencies in bilateral trade, which was unimaginable even two years ago. The US dollar has stepped down...