Courtesy: CNBC

1 March 2024

Unfolding Geopolitics | Episode 7, De-dollarisation: economic or political?

The imposition of sanctions, continuing wars and the rise of new geopolitical blocs seeking to move away from western economic dependence, have prompted talk of ‘de-dollarisation,’ switching from the U.S. dollar as a currency of trade and reserves. Surjit Bhalla, well-known economist and India’s former representative at the International Monetary Fund, discusses the logic behind de-dollarisation and the key indicators of its sustainability or demise.

Courtesy: ETF Stream

7 September 2023

Dedollarisation?

BY Kamalaharan Shanmugam

The U.S. dollar’s position as the world’s dominant currency has come under pressure as countries and central banks explore alternative currencies and diversify their reserve compositions. While the U.S. continues to dominate global financial markets and the dollar is unlikely to be unseated anytime soon, the challenge to the dollar-dominated uniform currency system has begun.

Courtesy: Amit Bhandari

27 April 2023

Towards multi-currency trade

BY Amit Bhandari

The dominance of the U.S. dollar in global trade and its status as a fiat currency means it is unlikely to be replaced in the near future. However, the repeated and continued use of sanctions has created the need for a multi-currency trading regime. India must now prepare alternative payment systems and promote the use of the Indian rupee in global trade.

Courtesy: WikimediaCommons

26 August 2013

Dreams out, reality in

BY Manjeet Kripalani

The economic mismanagement by the ruling UPA in the past few years – by putting politics and polls ahead of economy and prosperity, and slavish obedience to political masters – has created an environment of crisis and desperation in India. Where did the country’s so-called economic ‘dream team’ go wrong?

Courtesy: Business Insider

1 June 2012

The BRIC currency swap is a global game changer

BY Samir N. Kapadia

Business Insider, a business news and analysis website, republished Gateway House researcher Samir N. Kapadia's article. He writes that banks around the globe would be wise to take a second look at what now could be the most significant agreement in international finance since the Euro: the BRICS currency swap.

Courtesy: PolicyMic

1 June 2012

Are BRICS Countries Moving Away From the U.S. Dollar?

BY Samir N. Kapadia

Policymic, a news website, republished Gateway House researcher Samir N. Kapadia's article. He writes that banks around the globe would be wise to take a second look at what now could be the most significant agreement in international finance since the Euro: the BRICS currency swap.

Courtesy: Foreign Affairs

1 January 2012

The Future of the Yuan

BY Sebastian Mallaby and Olin Wethington

China seems to want the yuan to dethrone the dollar as the global reserve currency. But don’t expect China’s currency to take over anytime soon. The yuan will rise, but far slower than predicted, and Beijing’s puzzling efforts to help it along reveal flaws in the government’s divided and incremental approach.