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India has once again distanced itself from the rising de-dollarization accusations. The latest update follows how India has actively denied its involvement in exploring US dollar alternatives, stressing the dollar’s evergreen role as the reserve currency, with no plans of ever replacing the asset with other notable competitors. Also Read: Belarus Expands Local Currency Usage In A Major De-Dollarization Shift India Backs Dollar in a New Update Source: Economictimes.com India has once again reiterated its former stance, adding that the nation is not intersecting with any other currency besides the USD. In a recent interview, Chief Economic Advisor of India V. Anantha Nageshwaran shared how India is not a part of any such narrative that promotes the usage of alternative currencies besides the US dollar. “No, certainly not. I think India is not part of any such initiative,” he said in response to a question if India is looking at an alternative currency to the US dollar for glob...

BRICS countries are looking to push their local currencies into the top 12 currency list and surpass the US dollar. The attempts to usher the world into a new financial era are ongoing as emerging economies now want to tilt the power from the West to the East. Central banks of developing countries are diversifying their reserves with gold and other assets and cutting down on the USD. Also Read: BRICS: 71 Countries Settled Trade Without the US Dollar Emerging economies are displaying a cold shoulder to the US after the recent trade wars and tariffs blow up. They are now looking to safeguard their economies and to help sustain their GDP by themselves. The BRICS bloc is also convincing other countries to use their local currencies more and not the US dollar. The development is strengthening other local currencies making it come under the top 12 currency list. BRICS: The Latest Top 12 Currency List: Where Does the US Dollar Stand? Source: Freepik.com The US dollar stands in the 10th positi...

In what could be yet another major development for the global economy, Japan has agreed to negotiate a new trade deal with the United States. Indeed, US President Donald Trump confirmed the talks were beginning in a post to his Truth Social platform. Since the announcement of his Liberation Day tariff plan, countries have been carefully formulating their response. Several have sought to renegotiate trade deals with the country, with Japan now joining that growing list. Alternatively, it remains embroiled in an ongoing tariff war with China as import duties on the nation are set to reach heights of 245%. JUST IN: Japan agrees to negotiate new trade deal with the United States. — Watcher.Guru (@WatcherGuru) April 16, 2025 Also Read: US Stock Market Could Plunge 50% After Tariffs Resume Japan to Meet With US President Trump, Talk New Trade Deal In recent weeks, the global economy has sought to navigate increasing geopolitical concerns. The US debuted its first string of America-first eco...