Opinions
The Future of the Dollar and India’s Perspectives on the Future of Global Reserve Currencies
The use of multiple national currencies in trade, of energy and food imports, are steps towards diversification and risk reduction. This gives countries outside the collective West options and choices that have become available as multipolarity consolidates. As dollar transactions decline, the value of US based strategic reserves will also decline – since the two are linked, writes Anuradha Chenoy.