India Shifts Away from US Dollar and towards Rupee
India’s new Foreign Trade Policy 2023 aims to establish the rupee as a global currency, boost trade and manufacturing, and shift away from the US dollar.
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Brazil and China Strike Deal to Stop Using US Dollar
This post covers a reported trade agreement between Brazil and China to stop using the U.S. dollar. What the Brazil and China agreement says Reportedly, Brazil and China have come to an agreement to shift away from using the U.S. dollar. The two countries also use their respective currencies in trade transactions. Under the terms…
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Saudi Arabia Joins Shanghai Cooperation with China, Russia, India, Pakistan, and more
The recent decision by Saudi Arabia to join the Shanghai Cooperation Organization (SCO) as a dialogue partner marks a significant step in its growing relationship with China.
