In a tweet reply, Anand Mahindra hinted at the possibility of Mahindra allowing the purchase of automobiles with Bitcoin in India in the future.
The head of Sonali Bank Limited, Md. Afzal Karim, stated that “Bilateral trade with India in taka and INR will reduce pressure on the US dollar.” As Bangladesh dumps US currency and becomes the 19th country to trade with India with rupees, both nations stand to gain from this.
The graphics below show the timeline of de-dollarization and the countries seeking alternatives to the US dollar.
TerraPay, a London-based mobile payments provider, has revealed that India was the top recipient of money from overseas in 2022 with $100 billion.
Speaking at the Innovate Finance Global Summit on Monday, Sir Jon, the deputy governor of the Bank of England, said that “you won’t be able to spend physical cash in the near future.”
If the dollar falls, it will be catastrophic for the American people on whose backs 80 years of reserve status were built. It will also subject billions of foreigners, for whom the dollar has meant decades of being bullied, to history’s greatest bait and switch.
Based on estimates from the Bank for International Settlements, the largest bond markets in the world are listed below, with the U.S. leading the list.
Treasury Secretary Janet Yellen warned in a quote to CNN that the US dollar may lose its dominance if nations are sanctioned.
During a press conference at the official start of the World Bank and IMF’s spring meetings, IMF Chief Kristalina Georgieva warned against a ‘Second Cold War’ amid the challenge to the USD by BRICS and trade tensions between China and the US.
