India Not Pursuing Plan to Replace US Dollar in Global Trade, Says CEA

Chief Economic Adviser V Anantha Nageswaran made it clear on Wednesday that India has no intention of replacing the US dollar as the international currency for global trade. He emphasized that India is not involved in any efforts to introduce a new currency for this purpose. Despite speculation and discussions surrounding the possibility of a BRICS currency, Nageswaran firmly stated that India is not part of any such initiative. This statement aims to clarify India’s position and assert that the country is committed to using the US dollar for international transactions. Any suggestions of India moving away from the dollar are inaccurate.