Saudi Arabia ends 80-year petrodollar deal with US for multi-currency sales
Saudi Arabia has opted not to renew its 80-year petrodollar agreement with the United States, which expired on Sunday, 9th June,...
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Apple, Tesla investments boost Modi
Google CEO Sundar Pichai and Apple CEO Tim Cook listen as India's prime minister, Narendra Modi, speaks during a meeting...
Iran’s rial plunges to record low against dollar after Israel strikes
Two men are holding Iranian banknotes on a sidewalk in Tehran's business district, in Tehran, Iran, on April 13, 2024. Nurphoto...
India and Indonesia ink pact to use local currencies in bilateral transactions
On Thursday, the Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) in...
US Dollar to Jump Amid Slow Fed Pivot and Election Uncertainty
The US dollar will jump this year thanks to a slow Fed pivot and election uncertainty, Deutsche Bank said. Analysts...
India initiates first Rupee payment for oil to UAE; explores global currency adoption
India has made its first-ever payment in rupees for crude oil obtained from the UAE, marking a significant move in...
India oil minister Hardeep Singh Puri
Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of "de-dollarization"...
The Renminbi: The Political Economy of a Currency
The Chinese currency, or renminbi (RMB), has been a contentious issue for the past several years. Most recently, members of...
Economic and political factors behind acceleration of de-dollarization
The U.S. dollar has been king in global trade for decades — not just because the U.S. is the world's...
