De-dollarisation

US President Donald Trump reiterated his threat towards the BRICS nations on Monday (local time), stating that countries that are part of this organisation would face 100 per cent tariffs …

The primary oil exporting countries such as Saudi Arabia and UAE, which have now been inducted in the BRICS bloc, may start switching to a non dollar payment mode for …

Central banks across the world may continue with the gold buying spree in the coming months. Amid the recent downgrade of the US by Fitch Ratings, the de-dollarisation exercise may …

Russia is gearing up to launch a pilot drive to test its digital ruble—a central bank digital currency, later this month. Sanction-hit Moscow, which is hoping to scale up the …

With just a week left for the US to come to an agreement over raising its debt ceiling, uncertainty has risen as lawmakers went into recess for the Memorial Day …

Driven by rising geoeconomic uncertainties, the Reserve Bank of India (RBI) along with other central banks have embarked on a gold rush. India’s gold reserves, which were less than 600 …

With the US staring at a debt default, dominance of the American dollar on the world stage may soon be a thing of the past. The de-dollarisation exercise started as …

India and the UAE have initiated talks to establish payments through a rupee dirham mechanism. The issue is also likely to find prominence as talks between the Gulf Cooperation Council …