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BRICS Ditches US Dollar, Settles $4 Billion Trade in Local Currencies

BRICS Ditches US Dollar, Settles $4 Billion Trade in Local Currencies

BRICS members India and Russia ditched the US dollar and settled payments worth $4 billion in local currencies.…
May, 14, 2024
2 min read
by Watcher.Guru
Russia & India Settle $4 Billion Trade in Rupee, Ditch US Dollar

Russia & India Settle $4 Billion Trade in Rupee, Ditch US Dollar

In a multipolar world where US dollar dominance continues to be challenged, the rise of local currency narratives…
May, 13, 2024
2 min read
by Watcher.Guru
BRICS: India & Nigeria Finalize Major Partnership Ditching US Dollar

BRICS: India & Nigeria Finalize Major Partnership Ditching US Dollar

BRICS member India finalized a major trade partnership with Nigeria on Friday switching away from the US dollar. Both countries will use…
May, 07, 2024
2 min read
by Watcher.Guru
U.S. Dollar vs Indian Rupee: INR Forecasted To Fall 84.76

U.S. Dollar vs Indian Rupee: INR Forecasted To Fall 84.76

The U.S. dollar is surging against the Indian rupee in 2024 making the Reserve Bank of India (RBI) nervous. The rupee fell…
May, 06, 2024
2 min read
by Watcher.Guru
Local Currencies Bow to the Mighty US Dollar in 2024

Local Currencies Bow to the Mighty US Dollar in 2024

The dreams of a de-dollarization world kick-started by developing countries in 2024 remain just that, a dream. The US dollar outperformed…
Apr, 25, 2024
2 min read
by Watcher.Guru