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Dedollarisation refers to countries reducing reliance on the U.S. dollar as a reserve currency, medium of exchange or as a unit of account. [1] It also entails the creation of an alternative global financial and technological system in order to gain more economic independence by circumventing the dependence on the Western World-controlled systems, such as SWIFT financial transfers network for ...
This monumental transaction follows the sale of 25kg of gold from a UAE gold exporter to a buyer in India for around 128.4 million rupees ($1.54 million), according to Reuters.
The Central Board of Secondary Education (CBSE) will now conduct two separate examinations for Mathematics in class 10 board examination starting from 2020 session. The current Mathematics exam is termed as Mathematics (Standard), and an easier version of Mathematics has been introduced, called as Mathematics (Basic).
All India Secondary School Examination, commonly known as the class 10th board exam, is a centralized public examination that students in schools affiliated with the Central Board of Secondary Education, primarily in India but also in other Indian-patterned schools affiliated to the CBSE across the world, taken at the end of class 10. The board ...
‘De-dollarization is happening’ According to data from the IMF , the U.S. dollar accounted for 59.17% of global allocated foreign exchange reserves in the third quarter of 2023 (the latest ...
A second potential channel of de-dollarization is the increasing use of domestic currency lending to the private sector as well as to sovereigns and subnational governments by international financial institutions, particularly the Inter-American Development Bank. In addition to hedging those institutions' currency risk, multilateral lending in ...
Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. [1]Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe.
In the Class 7 textbook topic titled “Our Pasts-2”, pages 48 and 49 have been excluded. These pages mentioned “Mughal Emperors: Major campaigns and events.” The deletions also affected Biology and Chemistry textbooks as the theory of evolution and the periodic table were also purged from class 10 NCERT textbooks. [40] [41]