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Strategies & Market Trends : Ride the Tiger with CD
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To: carranza2 who wrote (312004)10/19/2025 6:24:03 PM
From: koan1 Recommendation

Recommended By
rdkflorida2

   of 312257
 
De-dollarization is changing fast throughout the world because of Trump's hegemony.

Maybe you don't realize what a big deal it was for BHP iron ore company in Australia to agree to trade with China in Yuan.

Or India's new efforts to De-dollarize.

Or the BRICS nations?

AI Overview

Yes, BRICS nations are actively seeking to reduce their reliance on the U.S. dollar through a process called de-dollarization, which involves increasing trade in local currencies and developing alternative payment systems. While there are no immediate plans for a single common currency, the trend is toward using local currencies for bilateral trade and building more independent financial infrastructure to lessen dependence on the U.S. financial system.

AI Overview

Yes, India has started using the yuan for some transactions, primarily to pay for Russian oil, though most payments for this trade are still made in rubles. This is part of a broader move to find alternatives to the US dollar for settling payments, but the use of yuan is currently limited and a source of some internal debate within the government.

Details on India's use of the yuan




  • Oil imports:

    Indian refiners have recently begun using the Chinese yuan to pay for some of their Russian oil imports.




  • Dollar alternative:

    This move is part of India's efforts to use currencies other than the US dollar to settle its international trade obligations, especially for Russian oil imports.




  • Largely rubles:

    While yuan payments have started, they currently make up a small percentage of the total, with rubles being the dominant currency for payments for Russian oil.




  • Government stance:

    The Indian government has expressed discomfort with this practice and has stated it will not encourage or facilitate it, although it hasn't outright banned it for private firms.




  • Impact on China:

    The use of yuan for these transactions helps China's currency gain a greater role in global oil markets.




  • Historical context:

    This isn't the first time India has used the yuan; it was done in 2023 but paused due to geopolitical tensions. The recent use marks a shift amid improved India-China relations.

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