Heartburn For Trump; India-Russia Allies Snub US Dollar; Choose This Currency For Trade | Details
Автор: Times Of India
Загружено: 2025-09-02
Просмотров: 24545
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Former U.S. President Donald Trump has lashed out as more nations pivot away from the U.S. dollar amid crushing debt burdens. Countries from Kenya to Sri Lanka and Panama are seeking cheaper financing in Chinese yuan and Swiss francs, with Panama alone saving $200 million by switching. Kenya confirmed talks with China’s Exim Bank over a $5 billion railway project, while Sri Lanka requested yuan loans for stalled infrastructure. Experts stress these are not permanent de-dollarisation moves but pragmatic attempts to lower borrowing costs, with U.S. rates at 4.25–4.5% compared to China’s 1.4% and Switzerland’s 0%. Watch
#Trump #BRICS #DeDollarisation #GlobalFinance #China #Kenya #SriLanka #Panama #USDollar #DebtCrisis
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