This is bad.
18 More Nations Just Dropped The US Dollar
Rupee closer to replacing dollar as 18 nations agree to trade in INR
The process of SRVAs started last year in the month of July when the RBI issued detailed guidelines on cross-border trade transactions in the Indian rupees (INR)
Trading in India Rupies:
1 – Russia
2 – Singapore
3 – Sri Lanka
4 – Botswana
5 – Fiji
6 – Germany
7 – Guyana
8 – Israel
9 – Kenya
10 – Malaysia
11 – Mauritius
12 – Myanmar
13 – New Zealand
14 – Oman
15 – Seychelles
16 – Tanzania
17 – Uganda
18 – United Kingdom.
The world is moving away from using the US dollar as the global reserve currency. This will have massive implications for US citizens as the US dollar continues to lose its value and hyperinflation ensues. pic.twitter.com/ZaU1m9sTly
— Washington Investigator (@WaInvestigator) March 27, 2023
Up to 40% of India’s foreign exchange reserves are NON-DOLLARS!
Global trade will continue to decouple from the US dollar.
This means shrinking role for USD as a “reserve currency” as well. pic.twitter.com/38ZSShzgRZ
— S.L. Kanthan (@Kanthan2030) April 2, 2023
The US Dollar reigns supreme as the global reserve currency, but its lead is slipping.
Now 59% pic.twitter.com/SX67nNd3qo
— Kalu Aja (@FinPlanKaluAja1) April 3, 2023
Excellent explanation of BRICS and whether it really poses a threat to the US Dollar.
— Wall Street Silver (@WallStreetSilv) April 4, 2023