While the major emerging powers are making calls to reduce their dependence on the US dollar, a key player has just slammed the door on any desire for a break: India. In a tense international context, where Western sanctions are pushing some countries to explore alternatives to the dollar-dominated monetary system, New Delhi chooses to play the stability card. By stating that it has "absolutely no interest" in engaging in a de-dollarization dynamic, India sends a strong signal to its partners within the BRICS and the Global South.
L’article BRICS Rift Grows as India Refuses Dedollarization est apparu en premier sur Cointribune.