The U.S. and China may be clashing over tariffs, sanctions, and market access, but the real battle is playing out quietly in currency markets. At the heart of it is a growing push toward de-dollarisation, a slow but steady attempt to reduce the world’s dependence on the U.S. dollar.

Currency Markets Emerge as New US-China Battleground 

The BRICS alliance is actively shifting its focus towards developing independent, cross-border payment systems to reduce reliance on the U.S. dollar and Western-controlled financial messaging systems like SWIFT. This initiative, often referred to as "BRICS Pay" or the "BRICS Bridge," is gaining momentum, particularly under the 2025 Brazilian and 2026 Indian leadership, with a focus on practical, digital-led infrastructure rather than a single common currency. 


BRICS Focus Shifts To Cross-Border Payment Systems

India is passing through a very interesting phase as a nation—being youthful, aspirational for growth, ambitious, and closely tied to global trade. Experts say the rupee’s enduring strength will rest more on the stability of the country’s macroeconomic fundamentals than its gold reserves.

Gold reserve-backed currencies: Why the Swiss Franc holds firm while the pound slides — What it means for INR

China’s currency has climbed to its strongest level against the US Dollar in nearly three years.


China Pushes for Multi-polar Currency Order

#Gravitas Officials linked to U.S. President Donald Trump's Board of Peace are exploring the launch of a dollar-backed stablecoin for post-conflict Gaza. A move that could potentially reshape how millions of Palestinians buy, sell, and survive. 


America Floats Stablecoin Linked to Dollar as New Currency in Post-conflict Gaza

Indonesia’s rupiah hit a record low against the US dollar as governance concerns and global pressures weighed on investor sentiment. The currency has slid sharply ahead of the central bank’s policy decision, adding to worries over economic stability.


Indonesia Currency Under Pressure Amid Governance Fears 

The Kwacha, the currency of Zambia, is now the best-performing currency in the world. But the currency is vulnerable to risks in the next weeks that can halt its year-end surge, which has extended into 2026.


Zambia's Currency: Kwacha Becomes World's Best-Performing Currency In 2026

South Africa's central bank is planning the most significant overhaul of the country's cash system in decades, proposing the creation of a cash-management utility, the rollout of white-label ATMs and stricter oversight of how physical money circulates to reduce costs and improve access.


South Africa plans to establish a cash-management company

Lugano, a picturesque Swiss city on the Italian border, has quietly become Europe’s most ambitious real-world bitcoin experiment. More than 350 shops and restaurants now accept bitcoin, from McDonald’s to luxury boutiques, thanks to a city-backed initiative that distributed free crypto payment terminals to local businesses. The city even allows residents to pay for some municipal services—including childcare—in bitcoin.

Inside Lugano: The Swiss City Where You Can Pay for Almost Everything With Bitcoin

Nepal's central bank on Thursday issued new Rs 100 currency notes featuring a revised map that includes the Kalapani, Lipulekh and Limpiyadhura territories, the regions India maintains belong to it.


Nepal Issues 100-Rupee Banknotes Featuring Indian Territories Flaming Territorial Dispute

Pakistan’s current account deficit has surged 3.5 times, reaching $733 million, signaling a deepening financial crisis. This major jump is a concern for the nation’s economic stability and could have serious implications on the country’s foreign reserves and currency value.


Pakistan’s External Deficit Deepens: Current Account Jumps 3.5X to $733 Million 

In a dramatic legal turn, former President Donald Trump has pardoned the founder of Binance, the world's largest cryptocurrency exchange. Meanwhile, U.S. regulators have ordered Binance to pay over $4 billion in fines and forfeiture for alleged violations. Watch to understand the implications for the crypto industry and regulatory landscape.

U.S. Orders Binance To Pay Over $4 Billion In Fines & Forfeiture 

A Country That’s Suffered More Than Its Share of Fiscal Issues Is Back in the Headlines. President Javier Milei of Argentina Vowed to Keep His Free-Market Economic Program in Place—That Despite a Crushing Loss to the Center-Left Peronist Opposition in the Province of Buenos Aires on Sunday.

Argentina's markets tumble, with Peso at historic low

The Indian rupee is trading just below its all-time low and is expected to hit new record lows in the coming months. Despite India's strong economic growth, heavy foreign capital outflows and Trump’s 25% tariff move are weighing on the currency. Analysts say the rupee may stay one of Asia’s worst performers.

India's economic crisis: Gold and Silver hit record high | Indian currency hits record low

The dollar index marked a second consecutive week of gains, having rallied over 2 per cent since the July 1st low. The recent gains are modest at best when compared to the steep losses in the first half of 2025.

Dollar regains strength amid Fed uncertainty and Trump's anti-BRICS push

Market strategists pointed out that investors, previously bearish on the dollar due to rising US deficits and fiscal risks, are now re-evaluating positions amid fears that Trump’s tariffs could stoke inflation and force a policy response from the Federal Reserve.

Dollar logs biggest weekly gain in four months amid Trump’s tariff escalation

Global markets are grappling with the fallout from the US currency’s biggest slump in years.

As Trump fiddles with trade, dollar’s dramatic decline sparks global repercussions

The Japanese Yen is now at the heart of high-stakes trade negotiations between Washington and Tokyo. US President Donald Trump has accused Japan of keeping its currency artificially low to boost exports — and he's now pushing for a stronger yen as part of a broader deal. Our report explains what's at stake — and why a plaza accord-style currency deal may not be so easy this time. Take a look…

Currency dispute looms over Japan talks

The Indian rupee surged to its highest level in nearly 3 months, marking a strong comeback after a turbulent start to the year. With 9 consecutive sessions of gains, the currency erased almost all of its earlier losses, standing out as the best-performing currency in Asia this month.

India's rupee shines in Asia's currency race

Bangladesh Bank has introduced a new currency strategy to stabilize the Taka, which has underperformed most Asian currencies in 2025. The new approach involves daily recalibration of the exchange rate, moving closer to a freely floating system.

Bangladesh eyes freer currency amid economic challenges

Iran's economy is facing a severe crisis as the national currency, the rial, continues its sharp decline. Since July 2024, the rial has lost nearly 50% of its value, trading at over 900,000 to the US Dollar.

Iran's economy minister at risk of dismissal

US President Donald Trump has declared BRICS "Dead". This comes just months after repeatedly threatening 100% tariffs on its members over "de-dollarization" efforts. But why is Trump so concerned about BRICS? Why does the US see any move away from the dollar as a direct threat? And where does India stand in this evolving economic battle?

The Geopolitics of Currency: Why the dollar still rules

Pakistan is celebrating a record high in remittances this year as a result of its attempts to crack down on illegal foreign exchange dealings. Central bank data shows the amount of money sent home by those residing abroad increased by 34 percent year-over-year in the five months leading up to november.

Pakistan's Crackdown on Illegal Dollar Trade Boosts Remittances

Pakistan is celebrating a record high in remittances this year as a result of its attempts to crack down on illegal foreign exchange dealings. Central bank data shows the amount of money sent home by those residing abroad increased by 34 percent year-over-year in the five months leading up to november.



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Currency Markets Emerge as New US-China Battleground

BRICS Focus Shifts To Cross-Border Payment Systems

Gold reserve-backed currencies: Why the Swiss Franc holds firm but pound slides

China Pushes for Multi-polar Currency Order

America Floats Stablecoin Linked to Dollar as New Currency in Post-conflict Gaza

Indonesia Currency Under Pressure Amid Governance Fears

Zambia's Currency: Kwacha Becomes World's Best-Performing Currency In 2026

South Africa plans to establish a cash-management company

Inside Lugano: The Swiss City Where You Can Pay for Almost Everything With Bitcoin

Nepal Issues 100-Rupee Banknotes Featuring Indian Territories Flaming Territorial Dispute

Pakistan’s External Deficit Deepens: Current Account Jumps 3.5X to $733 Million

U.S. Orders Binance To Pay Over $4 Billion In Fines & Forfeiture

Argentina's markets tumble, with Peso at historic low

India's economic crisis: Gold and Silver hit record high | Indian currency hits record low

Dollar regains strength amid Fed uncertainty and Trump's anti-BRICS push

Dollar logs biggest weekly gain in four months amid Trump’s tariff escalation

As Trump fiddles with trade, dollar’s decline sparks global repercussions

Currency dispute looms over Japan talks

India's rupee shines in Asia's currency race

Bangladesh eyes freer currency amid economic challenges

Iran's economy minister at risk of dismissal

The Geopolitics of Currency: Why the dollar still rules

Pakistan's Crackdown on Illegal Dollar Trade Boosts Remittances

Pakistan's Crackdown on Illegal Dollar Trade Boosts Remittances