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Friday, May 24, 2024
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South Asia

IW Explainer: “Indian Rupee set to become Official Currency of South Asia”

As the world faces economic difficulties, such as depleting dollar reserves and uncontrollable devaluation of local currencies, discussions on reducing reliance on the U.S. dollar have gained momentum. Known as "de-dollarization," this shift has become a focal point in global talks. India has emerged as a prominent advocate of de-dollarization, with the Indian rupee set to become the official currency of South Asia.
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