Another Blow to Dollar Dominance Russia has shifted a large
Another Blow to Dollar Dominance
Russia has shifted a large share of its trade with India and China to local currencies instead of the U.S. dollar.
This move reflects a broader push toward de-dollarisation, accelerated after Western sanctions highlighted the risks of dollar dependence.
By using rupees, rubles, and yuan, Russia aims to reduce exposure to sanctions.
For India, this could mean lower transaction costs, reduced dollar volatility, and a gradually stronger role for the rupee in global trade.
#DeDollarization
#DollarDominance
#GlobalPowerShift
#EndOfDollarEra
#CurrencyWar
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Great thoughts 👍
Nice post!
Well said!