nCa Report The practice of countries engaging in mutual trade and settlements using their own local currencies, often facilitated by bilateral currency swap agreements (BSAs), has gained momentum as part of broader dedollarization efforts. These arrangements allow nations to bypass third-party currencies like the US dollar or euro, reducing transaction costs, foreign … [Read more...]
It is not Yuan against Dollar tussle. It is evolving nature of global economy.
It's interesting to see how trade dynamics are shifting in subtle ways across the globe, driven more by practical needs than any grand showdown. Take the recent buzz from Central Asia, for instance. --- According to a fresh report from Eurasianet, the Chinese yuan is quietly picking up steam as a payment option in regional commerce, especially in Kazakhstan. There, on the … [Read more...]
Is the US Dollar heading toward collapse? – Part Two
Tariq Saeedi The BRICS summit will be held in Kazan, Russia, 22-24 October 2024. Three major announcements are expected. One of them is the launch of the BRICS Pay, an alternative system aimed at de-dollarization. Blockchain-based, it could possibly be one of the biggest geopolitical and economic developments of recent years. Moreover, it will operate as the global south’s … [Read more...]
Is the US Dollar heading toward collapse? – Part One
Tariq Saeedi Is the US Dollar heading toward collapse? --- For some it is an ardent desire and for others it is a worrisome possibility. The fact is the greenback has lately been in troubled waters. However, as of now, its collapse is more of a theoretical inference. What happens to the dollar and what the dollar does to itself, is a matter where the analysts generally … [Read more...]