dedoll Courtesy: CNBC
1 March 2024

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

BY

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.

Dedollarisation_dollar_sinking Courtesy: ETF Stream
7 September 2023

Dedollarisation?

BY

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.

rupee Courtesy: Amit Bhandari
27 April 2023

Towards multi-currency trade

BY

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.

twitterCPR Courtesy: Juggernaut
20 July 2022

How China Sees India and the World

BY

In his new book, former Foreign Secretary Shyam Saran demystifies China's imagined belief of itself as the Middle Kingdom. Contemporary China's propensity to cut and paste history has resulted in China's resentment of India based on a limited understanding of Indian history and of China's past recognition of India as an advanced civilisation which impacted Chinese culture. Today the West recognises India's potential to match China, with depth and skills, over the long term.

foreign affairs jan issue 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.