It's not just China —India's now pushing a de-dollarization narrative by touting the use of the rupee for trade
since the Second World War, playing a crucial role in the world's trade and financial system.
Although RBI said the working group's recommendations do not reflect its official position, they come a year after In its Wednesday report, the RBI working group encouraged the opening of rupee-denominated accounts for non-residents in India and overseas. It also recommended the integration of Indian payment systems with those in other countries for cross-border transactions.
In its report, the RBI highlighted the US needs to maintain its obligations and responsibility as the issuer of the reserve currency but, when forced to choose between its own interests and those of the rest of the world, the American government has in the past"not hesitated to protect its own interests."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Yellen's visit to China is 'crucial' to U.S.-China engagement, professor saysJanet Yellen's visit to China is 'crucial' to ensuring that both countries continue talking to each other, said Eswar Prasad of Cornell University.
Baca lebih lajut »
Singapore Bank DBS Launches Digital Yuan CBDC Platform for Corporate Clients in China | CoinMarketCapCryptoNews: DBS Bank's China subsidiary, DBS Group China, has launched a payment system to support China's central bank digital currency (CBDC), the e-CNY. 💪
Baca lebih lajut »
Cleveland leaders support fireworks ban even though they admit it's tough to enforceSome local cities continue to be left with a tough choice — should they follow current Ohio law allowing legal fireworks use on certain days of the year, or should they ban them altogether?
Baca lebih lajut »
Older workers with people skills could thrive during the AI boomOlder generations have an advantage in the AI boom: people skills and experience that can't be automated away
Baca lebih lajut »
Wall Street recession: stock market crash predictions are wrongInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »
14 Charts Show Why a Recession is Imminent for US Economy14 charts show why a recession is imminent for the US economy despite strong labor-market data suggesting otherwise
Baca lebih lajut »