The wests 'debanking' of Russia after the Ukraine invasion showed that now there are alternatives to the SWIFT hegemony. China is the mainstay of that alternative but with India being part of it the size of the alternative grows and others are joining with Saudis joining mBridge and more and more trade conducted completely outside the legacy hegemony of western institutions and protocols.


Solomonsatoshi

econ

In India, Trump's tariffs spark calls to boycott American goods

Coinsreporter

Trump has really mistaken India as the weakest of the India, Russia and China. But look what India has done. The RBI will now let Indian banks open foreign rupee accounts instantly - no approvals, no delays. It means that that India now wants to trade more and more in INR. BTW India has been doing its 85% trade in dollars in 2022 which is now down to almost 70%. The dollar's supremacy is just on the brink of falling very rapidly.   