A significant development in global finance: India's central bank has thrown its weight behind a proposal to interconnect digital currencies across BRICS nations. The goal? Streamlining cross-border payments for trade and tourism while sidestepping the dollar's dominance. It's a move that captures the broader shift reshaping the financial landscape—as geopolitical friction intensifies, countries are quietly building alternatives to traditional dollar-dependent systems. Whether this gains traction or remains aspirational depends on coordination among the bloc's members, but the signal is clear: central banks worldwide are actively exploring pathways beyond greenback reliance.
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gm_or_ngmi
· 01-22 20:33
Haha, with this move by BRICS, are they planning to create a new currency again? It sounds nice to call it de-dollarization, but it still feels like the same old story.
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MoodFollowsPrice
· 01-21 11:02
Trying to harvest the little guys again? How about a different name this time?
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BasementAlchemist
· 01-21 04:56
Nah, is this really going to de-dollarize now? Just shouting slogans won't help; it depends on when BRICS actually coordinates internally.
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ImpermanentPhilosopher
· 01-19 22:11
De-dollarization is back again, but why is it so difficult to implement in practice... Central banks talk about it nicely, but how about coordinating in reality?
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AirdropHunter9000
· 01-19 22:08
Wow, BRICS is connecting digital currencies, this is really going to shake up the US dollar's dominance.
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BlockTalk
· 01-19 22:06
The Reserve Bank of India’s move to bypass dollar dominance... The ideal is great, but why is it so difficult to implement?
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WalletDetective
· 01-19 22:04
The wave of de-dollarization has really arrived, and this move by the Reserve Bank of India is crucial.
A significant development in global finance: India's central bank has thrown its weight behind a proposal to interconnect digital currencies across BRICS nations. The goal? Streamlining cross-border payments for trade and tourism while sidestepping the dollar's dominance. It's a move that captures the broader shift reshaping the financial landscape—as geopolitical friction intensifies, countries are quietly building alternatives to traditional dollar-dependent systems. Whether this gains traction or remains aspirational depends on coordination among the bloc's members, but the signal is clear: central banks worldwide are actively exploring pathways beyond greenback reliance.