Tag: De-dollarisation

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Evaluate the impact of geopolitical rivalries within BRICS on its long-term effectiveness. How can India contribute towards preserving strategic coherence within the bloc?

Topic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests Q4. Evaluate the impact of geopolitical rivalries within BRICS on its long-term effectiveness. How can India contribute towards preserving strategic coherence within the bloc? (10 M) Difficulty Level: Medium Reference: NIE Why the question The growing expansion of BRICS, internal geopolitical …

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Dollar dominance in global trade and finance constrains the monetary autonomy of emerging economies. Analyse the factors sustaining dollar hegemony. Evaluate its impact on India’s external economic policy.

Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Q6. Dollar dominance in global trade and finance constrains the monetary autonomy of emerging economies. Analyse the factors sustaining dollar hegemony. Evaluate its impact on India’s external economic policy. (10 M) Difficulty Level: Medium Reference: NIE Why the question The …

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What is meant by de-dollarisation in the global economy? Identify the key economic and financial factors driving this trend. Bring out its implications for global financial stability

Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Q4. What is meant by de-dollarisation in the global economy? Identify the key economic and financial factors driving this trend. Bring out its implications for global financial stability. (15 M) Difficulty Level: Medium Reference: IE Why the question Recent shifts …

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The Unit – a Pilot Gold-Backed Digital Trade Currency

Source:  TN Subject:  International Organisation Context: Several reports and expert circles are speculating that BRICS may unveil a pilot gold-backed digital trade currency called “The Unit”, though no official announcement has been made yet. About The Unit – a Pilot Gold-Backed Digital Trade Currency: What it is? A digital, blockchain-based settlement currency designed for cross-border …

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BRICS is Challenging SWIFT: Building a Multipolar Financial Architecture

Syllabus: Multilateral Institution Source:  TH Context: At the 16th BRICS Summit in Kazan (2024), member nations unveiled the BRICS Cross-Border Payments Initiative — “BRICS Pay”, signalling an intent to reduce dependence on the U.S.-controlled SWIFT system. About BRICS is Challenging SWIFT: Building a Multipolar Financial Architecture Context and Background: Western dominance in global finance: For …

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Trade in Rupee

Facts for Prelims (FFP) Source: The Hindu   Context: The Ministry of External Affairs announced that India and Malaysia have agreed to settle trade in the Indian rupees. The announcement came in the backdrop of ongoing official efforts to Safeguard Indian trade from the impact of the Ukraine crisis. It indicates India is willing to take …

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