De Dollarization

De-dollarization has begun, says Russia’s foreign minister Sergey Lavrov

Sergey Lavrov said that Russia has many allies and like-minded friends who echo Moscow’s stance on reducing the prominence of US dollar

Shaking a misplaced, unchallenged American belief: Who is driving de-dollarisation, and how

The world is getting readjusted to a possible scenario, not without dollar, but without dollar as the international reserve currency

Wishful thinking by West, says Moscow dismissing reports of halted India-Russia rupee trade talks

Russia said that there has been no change in bilateral developments with India and discussion are underway is settling trade in INR

De-dollarization: Zimbabwe Central bank to launch gold-backed digital currency for transactions & settlement

Through gold-backed digital token, Zimbabwe's central bank aims to provide a stable means of payment and a store of values for its citizens

Argentina dumps US dollar for Chinese yuan: How nations are jumping on the de-dollarisation bandwagon

Argentina has joined Brazil to be the latest south-American nation to dump the dollar and trade in the Chinese yuan. Nations across the world, including India, are indulging in de-dollarisation – a push back against the American currency’s hegemony across the world

De-dollarisation: ‘If BRICS uses own currency for trade, it will end dollar's hegemony,’ warns ex-White House economist

Joseph Sullivan said that the BRICS would be 'poised to achieve a level of self-sufficiency in international trade that has eluded the world’s other currency unions'

Indonesia follows BRICS' lead, ditches dollar for local currency

BRICS nations have been ramping up de-dollarization efforts to use local currencies in settling international trade and reduce dependence on the US dollar

Dollar fast losing dominance as global reserve currency as rupee, yuan rise

Dollar’s share of global reserves has declined by 11 per cent since 2016 on this adjusted basis, a report by Eurizon SLJ Asset Management said

De-dollarisation: Bangladesh dumps US currency, becomes 19th country to trade with India in rupees

Businesses in Bangladesh have welcomed the decision to settle trade with India in INR and taka as they think that the arrangement will reduce pressure on forex reserves and promote trade

De-dollarisation: Bangladesh ditches dollar, to pay Russia in Chinese yuan for nuclear plant

After the West imposed sanctions on Russia, Bangladesh was looking out for ways to settle $110 million for the Rooppur power plant which is under construction in the South Asian country