The Global Shift to the U.S. Dollar - Historical Context and India’s Position
Published On: 01 Feb 2025
Reading Time: 23 minutes
Overview
- Why Some Countries Switch to the U.S. Dollar Instead of Using Their Own Money
- Why Do Countries Switch to the U.S. Dollar?
- What Happens After a Country Switches to the U.S. Dollar?
- Challenges of Using the U.S. Dollar
- So, Is Switching to the U.S. Dollar a Good Idea?
- The Story of the Indian Rupee: Past Trends and Future Projections
- How the Rupee Has Weakened Against the USD
- Historical Overview (2000–2024)
- Key Milestones in Depreciation
- Yearly Exchange Rates
- Projections for the Future (2025–2040)
- How We Built the Projections
- Projected Exchange Rates
- What the Projections Mean
- Why Does the Rupee Depreciate?
- What Do These Trends and Projections Tell Us?
- What Next
- Why India Hasn't Switched to the U.S. Dollar and Should It Consider Doing So?
- Why India Hasn't Adopted the USD
- Should India Switch to the USD?
- Pros of Adopting the USD
- Cons of Adopting the USD
- Should India Adopt the USD?
- Closing Notes: Navigating the Currency Debate
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