Page 7 - De Dollarisation News Today

President of Russian Chamber of Commerce and Industry Serget Katyrin said India and Russia have been working in various options & are close to resolve the issue of payments between eachother

Donald Trump, frontrunner in the race for the 2024 Republican nomination, has been outrightly critical about the state of the economy of America

Dumping the Dollar: The BRICS collective, comprising Brazil, Russia, India, China and South Africa, is working on a common currency in an attempt to ditch the US dollar and push back against America’s dominance. The move comes as Moscow and Beijing call for de-dollarisation in the face of Western sanctions

The financial future of the world is not that the yuan is likely to become the dominant global currency, but that the US is doing its best, or worst, to debase and dethrone the almighty dollar.

SRVA or Special Rupee vostro account is a new trade mechanism announced by Indias central bank -- Reserve Bank of India (RBI) in July last year to settle cross-border trade in Indian rupee

Head of the department for external economic and international relations of Moscow, Sergey Cheryomin said banks of both Russia and India should be “more active” in establishing a relationship with each other

China overtook the US in 2009 to become Brazils largest trading partner. Beijing accounts for more than a fifth of all imports in Brasília

Indias Commerce Secretary Sunil Barthwal said New Delhi is interested on settling international trade with more countries in Indian rupees

India’s central bank - RBI - has given approval for opening 60 special rupee vostro accounts in countries including Russia and Sri Lanka

India had prepared a concept paper on Rupee-Dirham trade and shared it with the UAE last year