{"id":346088,"date":"2023-05-08T14:36:02","date_gmt":"2023-05-08T09:06:02","guid":{"rendered":"https:\/\/nagalandpost.com\/?p=346088"},"modified":"2023-05-08T14:36:03","modified_gmt":"2023-05-08T09:06:03","slug":"indian-corporates-too-can-apply-brakes-on-dollar-colonialism","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2023\/05\/08\/indian-corporates-too-can-apply-brakes-on-dollar-colonialism\/","title":{"rendered":"Indian corporates too can apply brakes on &#8216;dollar colonialism&#8217;"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">&nbsp;Whether dedollarisation happens at the macro level, at the corporate levels the &#8216;dollar colonialism&#8217; can be removed subject to some compulsory exemptions, said an industry official.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Simply put, dedollarisation means lesser reliance on the US dollar as a medium of exchange in international trade.<br><br>\u201cAs regards India, dedollarisation is a gradual journey or a slow process. The US dollar has creeped into our corporate lexicon in a subtle way &#8212; say, in terms of denoting the financial numbers, market size and others,\u201d a credit rating industry official told IANS preferring anonymity.<br><br>Dedollarisation of Indian corporate annual reports can happen without any major issue, subject to certain exceptions like the companies that have listed their shares in the US.<br><br>\u201cIndian corporate sector can use only the Rupee in their communications instead of the dollar. The European corporations denote their financial numbers only in euros. The &#8216;dollar colonialism&#8217; can be removed in India as a first step towards dedollarisation,\u201d the official added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;Whether dedollarisation happens at the macro level, at the corporate levels the &#8216;dollar colonialism&#8217; can be removed subject to some compulsory exemptions, said an industry official. Simply put, dedollarisation means lesser reliance on the US dollar as a medium of exchange in international trade. \u201cAs regards India, dedollarisation is a gradual journey or a slow [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":346089,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-346088","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/346088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=346088"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/346088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media\/346089"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=346088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=346088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=346088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}