De-dollarisation not our policy or strategy: India after yet another Trump threat to BRICS
1 month, 3 weeks ago

De-dollarisation not our policy or strategy: India after yet another Trump threat to BRICS

New Indian Express  

NEW DELHI: India on Friday reaffirmed that de-dollarisation is neither its policy nor strategy, after President Donald Trump again warned BRICS countries against replacing the US dollar as a reserve currency, reiterating a threat of 100% tariffs he had made earlier. “On de-dollarisation, the External Affairs Minister has made it clear that we don’t have any policy or strategy in this regard,” External Affairs Ministry spokesperson Randhir Jaiswal said. The BRICS group of countries including India, China and Russia account for 40 per cent of global population and an estimated one-third of global gross domestic product. External Affairs Minister S Jaishankar had earlier said that moving away from the US dollar is not part of New Delhi’s economic policy.

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