India & Indonesia To Abandon USD For Trade
India and Indonesia, both members of BRICS, have officially agreed to move away from using the US dollar for cross-border transactions instead of settling in their local currencies. This decision comes despite President Trump’s threat of imposing 100% tariffs on imports to the US. Indonesia has long sought to promote its national currency for trade,…
Yash Sharma
Pakistani Rupee Emerges As The Best Performing Currency
Last week, the unstable Pakistani currency, Rupee (PKR), became the best-performing currency in the world. The PKR made the biggest gain of 3.9 % to reach 219.92 rupees against the US dollar in anticipation of substantial foreign currency inflows. The Express Tribune states, “The rupee remained the best performing currency on a week-on-week basis.” The…