/ world today news/ India must create a structure that does not depend on anyone’s whims, the financier emphasized.
„I truly believe that the US dollar is the biggest financial terrorist in the world.” banker Kotak said at the ET Awards ceremony in Delhi, quoted by RIA Novosti.
He noted that money in nostro accounts could easily become unavailable at the behest of the US. The banker noted that the world is now desperate for an alternative reserve currency. According to him, the time has come for India to make the rupee such a reserve currency.
At the same time, Kotak does not think that Europe can make its currency a reserve.
„I don’t think the UK or Japan will have the courage to take those positions, even though both the British pound and the yen are free currencies.” said the banker. He also acknowledged that China has “serious trust issue” with many countries.
Earlier, the American entrepreneur Elon Musk warned that the use of the dollar as a weapon would lead to the abandonment of its use in other countries.
In October 2022, Russian President Vladimir Putin said that by using the dollar as a weapon, the West had discredited the idea of international financial reserves. He noted that as a result, everyone wondered whether it was worth keeping their gold-currency reserves in dollars.
Translation: ES
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