De-dollarization: Indonesia follows BRICS' lead, ditches dollar for local currency
Indonesia has already started trading in its local currency with a host of countries including Thailand, Malaysia, China and Japan
Source: firstpost.com
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De-dollarization: US currency fast losing dominance as global reserve currency as rupee, yuan rise
Dollar saw 8% decline in 2022 in one year, 'equivalent to 10 times the average annual pace of erosion in the USD’s market share in the prior years'
Source: firstpost.com
Experts' take on de-dollarization
The abuse of the dollar's status as the international reserve currency by the United States and the losses other economies suffer due to the dollar’s wild fluctuations and US economic sanctions are prompting more and more countries to seek countermeasures, by using their domestic currencies to settle trade payments, thus triggering what could be the de-dollarization of the global economy. Four experts share their views on the issue with China Daily.
Source: chinadaily.com.cn
Demise of dollar: India, Bangladesh join hands to ditch US currency in cross-border trade
India finally joins hands with Bangladesh to do cross-border trade in their own currencies, the Indian rupee (INR) and the Bangladeshi taka (BDT), making Bangladesh the nineteenth country to ditch the US dollar.
Source: presstv.ir
De-dollarisation: Bangladesh becomes 19th country to trade with India in rupees
A delegation of India's central bank - Reserve Bank of India (RBI) - and SBI visited Bangladesh's capital Dhaka in April to discuss and finalise settling trade in INR and taka
Source: firstpost.com