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
Reportedly, Brazil and China have come to an agreement to shift away from using the U.S. dollar and use their respective currencies in trade transactions. Under the terms of the deal, the two countries can directly exchange yuan for reais (or vice versa) without converting to the U.S. dollar first. This move is expected to…
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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.
