Is Trump Right About the End of USD? | CA Rachana Ranade

"former president U.S Donald Trump said that dollar is crashing and will soon no longer be the world standard"

"all the countries in the world would want to reduce their dependence on US dollar and that is exactly what we call or we mean by De dollarization."

"this is going to have a ripple impact and almost all the countries in the world are going to face the heat of inflation"

"if you are not going ahead with whatever U.S wants to do they will impose certain sanctions on you exactly that's what we saw in the recent Russia-Ukraine war where U.S wanted Russia to stop the war they did not and Russia I mean sanctions were put on Russia where they were not able to access their own money"

"where U.S dollar as a Global Forex Reserve was around 70 percent in 1999 has been continuously decreasing and is at around 59% as of 2021"

"if you look at the red line you can see which is other currencies it was around hardly one or two percent which is steadily increasing and is at 10 percent right now."

"Indian rupee over time could become one of the Global Reserve Currencies in the world"

"there are talks that it could be a possibility that the BRICS Nations. BRICS basically stands for Brazil, Russia, India, China, South Africa. These countries could come together and they might have their own currency or maybe a basket of currencies"

"all these countries are going to raise their voices they are going to try and make an effort that one of these countries becomes a super power"