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De-dollarization - Pros & Cons

on April 02, 2023

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De-dollarization - Pros & Cons

De-dollarization is a process by which a country or region reduces its reliance on the U.S. dollar as a reserve currency. This can happen for a number of reasons, such as a loss of confidence in the U.S. economy, a desire to reduce political or economic dependence on the United States, or a desire to promote regional economic integration. Below are the pros and cons of the de-dollarization process - Pros: Reduces economic and political dependence on the United States. If a country or region de-dollarizes, it will be less economically and politically dependent on the United States. This could give the country or region more control over its own economy and foreign policy. Can help to stabilize exchange rates. If a country or region de-dollarizes, it will be less affected by fluctuations in the value of the U.S. dollar. This could help to stabilize the country's or region's economy. Can promote regional economic integration. If a g...

US imposes visa bans on Chinese officials linked to Xinjiang abuses

The Trump administration put visa restrictions on Chinese officials Tuesday amid ongoing abuses of Muslim minorities in the Xinjiang region. The State Department says the measures target officials “who are believed to be responsible for, or complicit in, the detention and abuse of Uighurs, Kazakhs, or other members of Muslim minority groups” in the territory in northwest China. “The United States calls on the People’s Republic of China to immediately end its campaign of repression in Xinjiang, release all those arbitrarily detained, and cease efforts to coerce members of Chinese Muslim minority groups residing abroad to return to China to face an uncertain fate,” Secretary of State Mike Pompeo said in a statement. The US has also blacklisted 28 Chinese organisations for their alleged involvement in abuses against ethnic Uighurs in China's Xinjiang province. The organisations are now on the so-called Entity List , which bars them from buying products from US companies withou...

Swachh Bharat mission

Swachh Bharat Abhiyan (SBA) or Swachh Bharat Mission (SBM) is a nation-wide campaign in India for the period 2014 to 2019 that aims to clean up the streets, roads and infrastructure of India's cities, towns, urban and rural areas. VISION The aim of Swachh Bharat Mission (Gramin) is to achieve a clean and Open Defecation Free (ODF) India by 2nd October, 2019 OBJECTIVES To bring about an improvement in the general quality of life in the rural areas, by promoting cleanliness, hygiene and eliminating open defecation To accelerate sanitation coverage in rural areas to achieve the vision of Swachh Bharat by 2nd October 2019 To motivate communities to adopt sustainable sanitation practices and facilities through awareness creation and health education To encourage cost effective and appropriate technologies for ecologically safe and sustainable sanitation To develop, wherever required, community managed sanitation systems focusing on scientific Solid & Liquid Waste Manage...

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