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Emerging economies are pushing to end the dollar's dominance. But what's the alternative?

One culprit for his troubles stands out: The U.S. dollar’s strength against the Nigerian currency, the naira, has pushed the price of garments and other foreign goods beyond the reach of local consumers. The price these days is running around 350,000 naira, or $450. Across the developing world, many countries are fed up with America’s dominance of the global financial system — especially the power of the dollar. ....

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Emerging economies are pushing to end the dollar's dominance. But what's the alternative?

ABUJA, Nigeria Business has vanished at Kingsley Odafe s clothing shop in Nigeria s capital, forcing him to lay off three employees. ....

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De-dollarisation, a distant dream: How a common BRICS currency has bumpy road ahead

De-dollarisation, a distant dream: How a common BRICS currency has bumpy road ahead
firstpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from firstpost.com Daily Mail and Mail on Sunday newspapers.

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India making ground in pushing rupee as next global trade instrument

In a significant step towards uplifting the rupee as a trade instrument in the international market, sidelining the US dollar, India traded with the United Arab Emirates (UAE) in the Indian currency for oil purchases. ....

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Emerging economies pushing to end dollar's dominance

Emerging economies pushing to end dollar's dominance
khmertimeskh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khmertimeskh.com Daily Mail and Mail on Sunday newspapers.

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