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2 mins read

Vladimir Putin takes aim at the US dollar's dominant position as the world's reserve currency

"To use the dollar as a tool of foreign policy struggle is one of the biggest strategic mistakes ma…

Matthew Fox   


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Gold medalist in central bank Olympics-All you need to know about RBI governor Shaktikanta Das

EU's Christine Lagarde, Cambodia's Chea Serey and Sweden's Erik Thedéen were amongst those receivin…

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3 mins read

India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report

Several enabling forces have come together to energise this revolution. Although internet penetrati…

PTI   


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3 mins read

Gold and some non-dollar currencies start to shine, but it's not all about de-dollarization

The US dollar is used in about 50% of all global payments and 84% of trade finance contracts — far …

Huileng Tan   


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How Argentina's inflation fight made the peso the strongest currency in the world

Javier Milei's measures to tame Argentina's inflation have boosted the peso to the top, rising 25% …

Filip De Mott   


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De-dollarization is a fad that will backfire on countries trying to move away from the greenback, currency expert says

Dollar dominance is sticking around for at least the next few decades, one currency expert told Bus…

Jennifer Sor   


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India's digital public infrastructure is transforming country's economic landscape, notes RBI

Built on principles of public good, open access, and regulatory fairness, India Stack has become a …

ANI   


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1 min read

RBI to allow opening of rupee account outside India

The RBI said it has finalised a strategic action plan for 2024-25 and envisaged liberalisation …

PTI   


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Russia is doubling down on its de-dollarization efforts as Putin calls to reduce use of 'toxic' currencies

Russia's use of "toxic" currencies has been slashed in half over the past year, Putin said.

Jennifer Sor   


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Rupee declines 5 paise to 83.43 against US dollar in early trade

At the interbank foreign exchange, the domestic unit opened weak at 83.39 against the greenback and…

PTI   


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2 mins read

There's a 'stealth erosion' in global US dollar reserves, but there's no dominant replacement yet

The share of the US dollar in global forex reserves fell from over 70% in 2000 to about 55% in the …

Huileng Tan   


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3 mins read

People in China continue to buy gold even as the currency remains weak!

Record-high gold prices driven by global uncertainties and central bank rate cuts lead to increased…

Huileng Tan   


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China's quest to turn the yuan into a global currency isn't actually driven by domination. It's about sanctions.

In a recent global survey of 1,660 enterprises, many respondents said their trading partners were u…

Huileng Tan   


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Giving Russian reserves to Ukraine would be 'elegant justice,' former World Bank chief says

"If countries believe that they cannot conquer and annex their neighbors without losing access to t…

Filip De Mott   


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4 mins read

Is the Dollar dying? Its reserve currency status may be at risk, but it isn’t time to die

The world is going through an upheaval on multiple fronts, many of which lead to the US’ unchecked …

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2 mins read

De-dollarization is 'a myth,' and there's no big shift taking place away from the US currency, commodities expert says

Practically no one is phasing out the dollar in trade or in foreign reserves, one leading commoditi…

Jennifer Sor   


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1 min read

Why the Israeli shekel is the world's best performing currency against the US dollar this month

The shekel rose 8.8% from a 11-year low last month, as short sellers left and the Bank of Israel so…

Filip De Mott   


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1 min read

The Pakistani rupee has plunged after soaring as the world's top performing currency. What happened?

After a brief spike last month, Pakistan's rupee is on track to be the worst performing Asian curre…

Aruni Soni   


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Warren Buffett isn't worried about the dollar's dominance. He predicted it would still be the world's reserve currency in 2065.

The greenback is unlikely to cede its global status for decades to come, if ever — but printing too…

Theron Mohamed   


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4 mins read

3 reasons why even China doesn't want the yuan to replace the dollar as the world's reserve currency

The yuan is the dollar's most high-profile contender, against the backdrop of US-China tensions and…

Huileng Tan