US EditionAfrica’s De-Dollarization Push Meets Reality: Dollar Resilience, Stablecoin Rise Shape Future
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New Delhi: India on Thursday reiterated that dollar-demonetisation is not on the agenda of the BRICS grouping and member countries, including India, are only considering cross-border payments in local currencies. "Our BRICS summit was extremely successful... In the joint statement, many aspects have been discussed in detail that strengthen the BRICS platform," External Affairs Ministry official spokesperson Randhir Jaiswal told reporters at a we…
BOG flags dollarisation despite cedi stability
Governor of the Bank of Ghana (BOG), Dr Johnson Asiama, has raised concern over continued dollarisation of the economy despite recent stability in the Ghanaian Cedi. Speaking at the Graphic Business/Stanbic breakfast meeting in Accra on the theme “Sustaining forex gains: Business and economic impact,” he urged local businesses to transact in Cedis within Ghana’s borders.“We are still grappling with the deep-rooted culture of dollarisation. Too m…
Africa’s De-Dollarization Push Meets Reality: Dollar Resilience, Stablecoin Rise Shape Future - Coin Surges
Global interest in de-dollarization has grown, but tangible progress remains limited due to political and strategic constraints. VALR co-founder Badi Sudhakaran argues that USD-based stablecoins may prove more effective than the AU initiative known as PAPSS for cross-border payments. Dollar’s Enduring Appeal Challenges De-Dollarization Efforts In recent years, the discourse surrounding de-dollarization has intensified, capturing […] Read Entire …
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