De-dollarization won't happen anytime soon as 'it's not so easy' to beat the greenback, Indian minister says

Tech Insider
President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, South African President Cyril Ramaphosa, Prime Minister of India Narendra Modi and Russia's Foreign Minister Sergei Lavrov pose for a BRICS family photo during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa, on August 23, 2023.
The leaders of the BRICS countries at a summit in Johannesburg, South Africa.

Gianluigi Gu

Former Kremlin official blames the ruble's crash on Russia's stockpile of rupees that's stranded in India

Tech Insider : Economy

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A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.
A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.

Dhiraj Singh/Bloomberg

Key BRICS member admits the dollar will remain dominant despite oil deals in rupees and yuan

Tech Insider : Economy
US dollar

SimpleImages

China's yuan is displacing other top global currencies in trade, but not the US dollar

Tech Insider : Economy
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound, in this picture illustration taken January 25, 2011. REUTERS/Kacper Pempel/Illustration/File Photo
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound

Thomson Reuters

Dedollarization suffers a blow as the greenback's share in global payments hits a record high

Tech Insider
An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/Kham
An employee of a bank counts US dollar notes at a branch in Hanoi

Thomson Reuters

Argentina is already dollarizing - these businesses have switched to greenbacks as the peso is worth a fraction of a penny

Tech Insider : Economy
Argentina peso/dollar

Nora Mazzini

Xi and Putin are seeking to expand the alliance of BRICS nations to challenge the global dominance of the US and the dollar

Tech Insider : Politics
Putin/BRICS
Russia's President Vladimir Putin attends an informal meeting of leaders of the BRICS countries via video link in Moscow, on August 22, 2023.

MIKHAIL KLIMENTYEV/POOL/AFP via Getty Images

Brazil's real, not the dollar, could be the solution to Argentina's currency turmoil, an economist says

Tech Insider
Brazilian Real

Rafael Henrique/SOPA Images/LightRocket via Getty Images

Putin can't attend the BRICS summit for fear of arrest, but he couldn't pass up taking potshots against the West and the US dollar via tape

Tech Insider : Economy, Politics
Russian President Vladimir Putin speaks to the Brics Business Summit via a prerecorded video on August 22, 2023 in Johannesburg
Russian President Vladimir Putin railed at Western-led sanctions in a prerecorded speech at the BRICS summit.

Per-Anders Pettersson/Getty Image

China-based BRICS bank aims to de-dollarize debt by expanding local currency lending

Tech Insider
A worker arranges a signboard of the 15th BRICS summit outside the Sandton Convention Center in Johannesburg, South Africa, Aug. 17, 2023. The 15th BRICS summit is to be held in Johannesburg, South Africa, on Aug. 22-24.
A worker arranges a signboard of the 15th BRICS summit outside the Sandton Convention Center in Johannesburg, South Africa, Aug. 17, 2023. The 15th BRICS summit is to be held in Johannesburg, South Africa, on Aug.
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