L'Inde va faciliter les règlements internationaux en roupies pour réduire sa dépendance à l'égard du dollar américain

The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush.


India to Offer Rupee-Based Settlement Options for International Commerce

India’s government is introducing new settlement methods apart from the U.S. dollar for international commerce. The new foreign trade policy guidance, which was implemented on April 1, includes a new option of settling payments in Indian rupees, giving countries facing a U.S. dollar crush a way to continue trading with the country.

The new directive would be directed to help countries like Sri Lanka, Bangladesh, and Egypt, which are facing difficulties in obtaining U.S. dollars to keep bartering goods with India. Commerce secretary Sunil Barthwal déclaré that this measure would help disaster-proof these countries against a hypothetical dollar drought.

The move is part of the efforts of New Delhi to profile its currency at a global level. Dans ce sens, the Department of Commerce of India expliqué this new foreign trade policy plan was designed to “work towards making Indian Rupee a global currency, adding further impetus to India’s emergence as the global trading hub.”

Countries Moving Away From the U.S. Dollar Hegemony

India is the last one in a line of countries that have put in motion certain initiatives to shift away from using U.S. dollars, at least for international settlements. Chine, part of the BRICS bloc, which is also integrated with India, Brésil, Russie, and South Africa, has also been promoting the use of the Chinese yuan as part of an international de-dollarization policy.

In the meeting that Chinese President Xi Jinping and Russian President Vladimir Putin held as part of Xi’s visit to Russia on March 21, Poutine supported the use of the Chinese yuan to settle payments with emerging economies in Asia, Afrique, and Latam. Aussi, more recently, Chine inked a deal with the Brazilian government in order to ditch the dollar for their bilateral settlements, substituting it for national currencies.

Other blocs are also contemplating different ways to diminish their reliance on the U.S. dollar. ASEAN, the Association of Southeast Asian Nations, a bloc that integrates Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapour, Thailand, and Vietnam, est pushing its members to use national currencies for payments, as they fear U.S. secondary sanctions for not enforcing a trading ban on Russia.

Tags dans cette histoire
and South Africa, Asean, Bangladesh, Brésil, brics, Brunei, Cambodia, Egypt, Inde, Indonesia, laos, Malaysia, myanmar, rupee, Russie, Singapour, sri lanka, Sunil Barthwal, thailand, Les Philippines, NOUS. dollar, Vladimir Poutine, Xi Jinping

What do you think about India’s rupee-centric settlement options to reduce dollar dependency? Tell us in the comment section below.

Sergio Goschenko

Sergio est un journaliste de crypto-monnaie basé au Venezuela. Il se décrit comme étant en retard dans le match, entrer dans la cryptosphère lorsque la hausse des prix s'est produite en décembre 2017. Avoir une formation en génie informatique, vivre au Vénézuela, et être impacté par le boom de la crypto-monnaie au niveau social, il offre un point de vue différent sur le succès de la crypto et comment il aide les personnes non bancarisées et mal desservies.

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