♟️ #BRICSnations actively reducing reliance on the #US$ by increasing local currency trade settlements, developing independent #paymentsystems like #Bridge, & discussing a #Petro-BRICS framework
This shift aims to reduce #exchangerate risks, bypass #USsanctions, & decrease Western #$influence

1/7 𝐇𝐨𝐰 𝐬𝐡𝐨𝐮𝐥𝐝 𝐭𝐡𝐞 𝐑𝐁𝐈 𝐬𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧 𝐢𝐭𝐬 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞-𝐫𝐚𝐭𝐞 𝐭𝐨𝐨𝐥𝐤𝐢𝐭 𝐢𝐧 𝐚 𝐦𝐨𝐫𝐞 𝐯𝐨𝐥𝐚𝐭𝐢𝐥𝐞 𝐰𝐨𝐫𝐥𝐝?

In 𝐏𝐚𝐫𝐭 𝐈𝐕 𝐨𝐟 𝐡𝐢𝐬 𝐨𝐧𝐠𝐨𝐢𝐧𝐠 𝐅𝐗 𝐩𝐨𝐥𝐢𝐜𝐲 𝐬𝐞𝐫𝐢𝐞𝐬, former RBI Deputy Governor 𝐌𝐢𝐜𝐡𝐚𝐞𝐥 𝐃𝐞𝐛𝐚𝐛𝐫𝐚𝐭𝐚 𝐏𝐚𝐭𝐫𝐚 moves from diagnosis to 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲.

#RBI #fxmarkets #ExchangeRate

Iran’s currency has fallen sharply with the rial reaching around 1.3 million per US dollar, highlighting a severe collapse in the country’s exchange value. The drop shows the currency is no longer acting as a stable store of value for everyday life.

#iran #Economy #CurrencyCrisis #ExchangeRate

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The U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate stood at 1.3398 USD/GBP last week (06 March). Relative to a month ago, this is -1.5% lower. Relative to a year ago, the exchange rate has risen by 3.7% #exchangerate #gbp #usd #econsky

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Last week (06 March) the U.S. Dollars to Euro Exchange Rate was 1.1606 USD/EUR. Relative to a month ago, this is a decrease of approx. -1.7%. Relative to a year ago, the exchange rate is about 6.9% higher. #exchangerate #eur #usd #econsky

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On 06 March the Nominal Broad U.S. Dollar Index stood at 119.491. Relative to a month ago, this is approx. an increase of 1.35%. Relative to a year ago, USD is about -5.15% lower. The index is weighted against a broad group of trading partners #exchangerate #usd #econsky

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The U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate stood at 1.3455 USD/GBP last week (27 February). Relative to a month ago, this is -2% lower. Relative to a year ago, the exchange rate has risen by 6.9% #exchangerate #gbp #usd #econsky

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Last week (27 February) the U.S. Dollars to Euro Exchange Rate was 1.1822 USD/EUR. Relative to a month ago, this is a decrease of approx. -0.5%. Relative to a year ago, the exchange rate is about 13.7% higher. #exchangerate #eur #usd #econsky

BasisPointInsight.com - Why Central Banks Intervene and Why the FX Rate Matters for the RBI by Michael Debabrata Patra Capital flows now dominate currency markets, forcing central banks to intervene. This essay explains why exchange rates matter for the RBI’s stability mandate. by Michael Debabrata Patra, BasisPointIn...

2/8 For emerging economies like India, this changes the role of the central bank.

In Part III of his ongoing series on exchange-rate policy, Dr Michael Debabrata Patra explains why the Reserve Bank of India cannot afford to treat the exchange rate as just another market variable.

#ExchangeRate

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On 27 February the Nominal Broad U.S. Dollar Index stood at 117.8223. Relative to a month ago, this is approx. a decrease of -0.9%. Relative to a year ago, USD is about -8.15% lower. The index is weighted against a broad group of trading partners #exchangerate #usd #econsky

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The U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate stood at 1.35 USD/GBP last week (20 February). Relative to a month ago, this is -0.7% lower. Relative to a year ago, the exchange rate has risen by 6.7% #exchangerate #gbp #usd #econsky

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Last week (20 February) the U.S. Dollars to Euro Exchange Rate was 1.1781 USD/EUR. Relative to a month ago, this is an increase of approx. 0.1%. Relative to a year ago, the exchange rate is about 12.7% higher. #exchangerate #eur #usd #econsky

The dollar fell 0.60% and closed the trading session quoted at R$ 5.12, the lowest since May 2024.
#riodejaneiro #copacabanabeach #ipanema #springbreak #travelmore #travelbrazil #exchangerate #beachesofbrazil

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On 20 February the Nominal Broad U.S. Dollar Index stood at 117.9917. Relative to a month ago, this is approx. a decrease of -1.67%. Relative to a year ago, USD is about -7.2% lower. The index is weighted against a broad group of trading partners #exchangerate #usd #econsky

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The U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate stood at 1.3644 USD/GBP last week (13 February). Relative to a month ago, this is 1.9% higher. Relative to a year ago, the exchange rate has risen by 8.2% #exchangerate #gbp #usd #econsky

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Last week (13 February) the U.S. Dollars to Euro Exchange Rate was 1.187 USD/EUR. Relative to a month ago, this is an increase of approx. 2.3%. Relative to a year ago, the exchange rate is about 13.1% higher. #exchangerate #eur #usd #econsky

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On 13 February the Nominal Broad U.S. Dollar Index stood at 117.5258. Relative to a month ago, this is approx. a decrease of -2.24%. Relative to a year ago, USD is about -7.57% lower. The index is weighted against a broad group of trading partners #exchangerate #usd #econsky

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On 06 February the Nominal Broad U.S. Dollar Index stood at 118.2407. Relative to a month ago, this is approx. a decrease of -1.14%. Relative to a year ago, USD is about -7.93% lower. The index is weighted against a broad group of trading partners #exchangerate #usd #econsky

BasisPointInsight.com - Why Exchange Rate Stability Matters More Than Ever for India by Michael Debabrata Patra As alarmist calls on the rupee clash with the IMF’s own labels, this piece asks why exchange rates matter, and why stability cannot be left to markets alone. by Michael Debabrata Patra, BasisPointInsi...

1/6 Why Exchange Rate Stability Matters More Than Ever for India

The rupee is either in free fall, or it is in a crawl-like arrangement.
Both narratives cannot be right — yet both circulate with conviction.

#Rupee #ExchangeRate

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The U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate stood at 1.3606 USD/GBP last week (06 February). Relative to a month ago, this is 1.4% higher. Relative to a year ago, the exchange rate has risen by 9.8% #exchangerate #gbp #usd #econsky

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Last week (06 February) the U.S. Dollars to Euro Exchange Rate was 1.1812 USD/EUR. Relative to a month ago, this is an increase of approx. 1.5%. Relative to a year ago, the exchange rate is about 14.4% higher. #exchangerate #eur #usd #econsky

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On 06 February the Nominal Broad U.S. Dollar Index stood at 118.2407. Relative to a month ago, this is approx. a decrease of -1.14%. Relative to a year ago, USD is about -7.93% lower. The index is weighted against a broad group of trading partners #exchangerate #usd #econsky

Link (examining a Moblin Mask): I heard about these monster masks, I think I could make a couple fun comics with these. Kilton: Excellent! The Fang and Bond only accepts Mon as currency, which you can exchange monster parts to earn some. Link then ploops down a large pile of monster parts, startling Kilton. Link: Oh, well I guess I might as well give you all my stuff. I've been killing fools since the Great Plateau, will this cover all four?

489 - It'll Cost You a Horn and a Tooth
I've been saving up funds when I didn't even realize they were funds
#SDComics #BreathOfTheWIld #Kilton #TheFangAndBone #monstershop #masks #monstermasks #currency #exchangerate #monsterparts #trade #takethemall #everything #awholelot #amodestfortune

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The U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate stood at 1.3729 USD/GBP last week (30 January). Relative to a month ago, this is 1.8% higher. Relative to a year ago, the exchange rate has risen by 10.3% #exchangerate #gbp #usd #econsky

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Last week (30 January) the U.S. Dollars to Euro Exchange Rate was 1.1885 USD/EUR. Relative to a month ago, this is an increase of approx. 1.3%. Relative to a year ago, the exchange rate is about 14.3% higher. #exchangerate #eur #usd #econsky

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On 30 January the Nominal Broad U.S. Dollar Index stood at 117.8996. Relative to a month ago, this is approx. a decrease of -1.29%. Relative to a year ago, USD is about -8.24% lower. The index is weighted against a broad group of trading partners #exchangerate #usd #econsky

Iranian rial edges lower against dollar and major currencies The Iranian rial continued to slide against the dollar and other major currencies on January 31, with exchange rate data showing further weakness as US-Iran military tensions and domestic unrest keep pressure on Tehran's currency markets.

The Iranian rial continued to slide against the dollar and other major currencies on January 31, with exchange rate data showing further weakness as US-Iran military tensions and domestic unrest keep pressure… Bne IntelliNews #IranianRial #CurrencyMarket #ExchangeRate #USIranRelations #EconomicNews

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The U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate stood at 1.359 USD/GBP last week (23 January). Relative to a month ago, this is 0.6% higher. Relative to a year ago, the exchange rate has risen by 8.8% #exchangerate #gbp #usd #econsky

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Last week (23 January) the U.S. Dollars to Euro Exchange Rate was 1.1771 USD/EUR. Relative to a month ago, this is a decrease of approx. -0.1%. Relative to a year ago, the exchange rate is about 11.9% higher. #exchangerate #eur #usd #econsky

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On 23 January the Nominal Broad U.S. Dollar Index stood at 119.2855. Relative to a month ago, this is approx. a decrease of -1.04%. Relative to a year ago, USD is about -6.58% lower. The index is weighted against a broad group of trading partners #exchangerate #usd #econsky