As per the United Nations, 180 currencies worldwide are officially recognised as legal tender. However, popularity and wide usage do not necessarily equate to the value or strength commanded by a currency. Simply put, the concept of currency strength revolves around the purchasing power of a nation’s currency when exchanged for goods, services, or other … Read more
The end of dollar supremacy is not a far-fetched dream. As regional integrations grow stronger and discussions of using alternative regional currencies for settlements gain traction, the dominance of the dollar will gradually diminish and eventually be replaced. However, this transition will not occur in the immediate future, contrary to what some may want us … Read more
The US dollar, Euro, Japanese Yen, British Pound, and to a lesser extent the Chinese Yuan currently hold the distinction of being an international currency.India has taken a significant step toward achieving this status for the rupee. Expand But what does it mean for a currency to be international and why is India making this … Read more