Tridivesh Singh Maini and Abon Gooptu

Tridivesh Singh Maini and Abon Gooptu

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Why de-dollarisation of international trade is unlikely to happen anytime soon

India perceives Russia and China’s push for de-dollarisation to a large extent as ideological and remains hesitant in rallying behind BRICS’ de-dollarisation efforts. With the recent expansion of BRICS, varying national interests of member states will further complicate coordination efforts on de-dollarisation.