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Over the past few days, senior political leaders, in most parts of West Asia, have been persistently making statements, suggesting the dollar's dominance in the region may fade
A US default looms large as Republicans and Democrats spar over raising the government’s spending limits. It has forced Joe Biden to cancel his upcoming trip to Australia, resulting in the Quad Summit with leaders from India, Australia and Japan being called off
China has long been keen to promote the yuan overseas, as well as reducing its reliance on the US dollar, with the likes of Russia, Brazil and Bangladesh increasing their use of the currency.
Russia said that there has been no change in bilateral developments with India and discussion are underway is settling trade in INR
The Reserve Bank of Zimbabwe (RBZ) said it will launch gold-backed digital currency on 8 May