dedollarization
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India and Russia Drop the Dollar, Switching to National Currencies
- February 11, 2025
- Posted by: newworldfinance
- Category: Finance
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As global dedollarization efforts accelerate, Russia and India have deepened their financial cooperation, with nearly 90% of direct transactions now conducted in their respective national currencies. This shift signals a growing move away from reliance on the U.S. dollar in international trade.
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US Dollar’s Share of Global Currency Reserves Hits 30 Year Low
- January 9, 2025
- Posted by: newworldfinance
- Category: Finance
The U.S. dollar’s share as the global reserve currency has reached its lowest point since 1994, continuing a decades-long trend of decline.