Economic TimesLean R·
De-dollarisation and its impact on commodities and global trade
De-dollarisation refers to efforts by countries to reduce their dependence on the US dollar in international trade, finance, and foreign exchange reserves. The topic has gained renewed attention as BRICS nations and several emerging economies explore the use of local currencies and alternative payment systems for cross-border transactions.For decades, the US dollar has dominated global trade and commodity markets. Most commodities, including crude oil, natural gas, gold, industrial metals, and …
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