India’s Retail Behemoth Set To Add CBDC Support

India’s major retail chain Reliance Retail is set to roll out in-store support for the digital rupee. The move would scale up the adoption of the govt and RBI-approved e-currency. Reliance Retail, a division of the Indian conglomerate Reliance, announced that it has begun implementing CBDC support at its Freshpik gourmet shop line and would […]

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India and UAE Break Away From US Dollar: Landmark Agreement Enables Trade Settlements in Rupees and Dirhams

In a compelling turn of events this Saturday, India and the United Arab Emirates (UAE) inked a landmark agreement facilitating trade transactions to be settled in their native currencies, rupees and dirhams, instead of relying on the U.S. dollar. India’s prime minister Narendra Modi visited the UAE, where the countries announced the linking of the [...]

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ASEAN Countries Take Steps to Reduce Reliance on US Dollar for Trade Settlements

The finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) are exploring ways to decrease their countries’ dependence on the U.S. dollar and promote the use of local currencies in trade settlements. “We must remember the sanctions imposed by the US on Russia,” said Indonesian President Joko Widodo. ASEAN Countries [...]

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