Introduction The BRICS nations (Brazil, Russia, India, China, and South Africa) have been working towards de-dollarisation for several years now. This push away from the US dollar as the global reserve currency has gained momentum recently, with Jakarta becoming the latest city to make a move towards this goal. What is de-dollarisation? De-dollarisation is the […]
India and Bangladesh ditching dollar in trade: de-dollarisation continues full throttle
Introduction Brief overview of de-dollarisation India and Bangladesh’s decision to ditch the dollar in trade Importance of this decision in the global economic landscape The Rise of De-dollarisation Explanation of de-dollarisation Historical context of the US dollar as the global reserve currency The shift towards de-dollarisation by countries such as Russia and China Reasons for […]
PUTIN & MOHAMMED BIN SALMAN TALKED ABOUT OPEC+ COOPERATION BY PHONE
On April 22, 2023, Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman held a phone call to discuss OPEC+ cooperation. This call highlights the importance of OPEC+ cooperation in stabilising oil prices and ensuring the stability of the global economy. In this article, we will delve deeper into the history of OPEC+ […]
Sharia ruling on the permissibility of buying & selling gold & silver online: bay’al-sarf
Question Can I buy gold jewellery online where by I make a payment to the seller using bank transfer of paper money or do the same using my bank card. The seller then sends me the gold item by post? Did we exchange the gold and paper money on the spot or not please? […]