de-dollarisation

The US dollar’s role as world’s primary reserve currency for global trade was challenged at a finance summit in Paris by South African President Cyril Ramaphosa and his Brazilian counterpart Luiz Inácio Lula da Silva after the US Treasury…

De-dollarisation refers to the replacement of the U.S. dollar by other currencies as the global reserve currency. A reserve currency refers to any currency that is widely used in cross-border transactions and is commonly held as reserves by…

22 central banks have their currencies pegged to the US dollar. (Representative image/Reuters)De-dollarisation basically means reducing the dependence on the US dollar as a medium of exchange or reserve currency. Argentina on Wednesday…

Kristalina Georgieva, the International Monetary Fund's managing director said on Thursday that countries must do more to avert the costly consequences of growing global trade fragmentation and help avert a "second Cold War."Georgieva's…