Dedollarization: India Urges Banks to Use Rupees, Durhams in UAE Trade
The Reserve Bank of India is pushing for non-dollar trade with the United Arab Emirates, sources told Reuters.
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The Reserve Bank of India is pushing for non-dollar trade with the United Arab Emirates, sources told Reuters.
Debt-ceiling standoffs and "growing weaponization" could undermine the currency, Benn Steil has warned.
"The recent decline and volatility in the Chinese Yuan, the Russian Ruble, and to a lesser extent the Argentine Peso, will only add further challenges to the idea of de-dollarization," an analyst told Insider.
If the dollar should lose its privileged place, what could replace it?
The John Hopkins University professor echoed Argentina's presidential candidate, who also called for ditching the peso to rein in inflation.