Introduction

The US dollar has been the backbone of the global economy for nearly eight decades. As per the International Monetary Fund, about 56.3% of the world’s foreign exchange reserves are still in USD. More than 54% of international trade deals also use the dollar. This makes it the most trusted global currency. 

But times are changing. A new trend called dedollarisation is present in the market. Countries are slowly moving away from the dollar and looking at alternative currencies. Rising powers like China and India are typically central at this shift. For students in the best private MBA colleges in India, this debate is more than theory. It is about the future of global business and leadership. 

Understanding Dollarisation and Why It Matters

Dedollarisation means reducing the use of the dollar in trade, finance, and reserves. Today, the dollar holds nearly 56.3% of the global reserves. The Euro comes second at about 21.1% and then the Chinese Yuan has touched 3%. The growth of the Yuan might look small, but the trend shows where the world is heading now. 

For students in the best private MBA colleges in India, this is nothing but a big topic of discussion. It is not just about currency. It is about economic independence, political power and business strategy. 

How the Dollar Became the World’s Reserve Currency

The story started after the Second World War. The Bretton Woods Agreement of 1944 made the dollar the main currency of the world. Even after the US left the gold standard in 1971, the dollar remained strong. Today, nearly 40% of the world’s debt is still issued in USD.  It was backed by gold, which gave trust. For those in the best private MBA colleges in India, this shows how stability and trust build economic dominance. It even makes us think whether another currency can repeat history. 

Why Countries Want to Reduce Dollar Dependence

Several reasons are driving de-dollarization. US sanctions have forced countries like Russia and Iran to find alternatives. After the Russia-Ukraine war, a large share of Russia’s trade with China moved to the Yuan and the Ruble. BRICS nations are even discussing a new trade currency. 

The US national debt crossed $34 trillion in 2024. Inflation inside the US also spills all over the globe, as most commodities are priced in dollars. For learners at the best private MBA colleges in India, this is a clear example of how the economy of one country can impact the whole world. 

Countries Leading the De-dollarisation Push

China and Russia are leading the way. In 2023, nearly 20% of the Russian trade was done in Yuan. China has signed trade deals with Brazil, Argentina, and even Saudi Arabia to use local currencies. India too has started settling trade in rupees with countries like Sri Lanka and Mauritius. 

For the best MBA colleges in India, this offers case studies to explore. It shows how business leaders must adapt to a multi-currency world, where the dollar is not the only available option. 

Can the Dollar Really Lose Its Global Power?

The dollar still has unmatched power. Over 88% of the global forex trades use it. No other currency offers the same liquidity and security. But the share in reserves has fallen from 71% in 1999 to 59% in 2023. 

This means that the USD might not vanish anytime soon, but its dominance is fading slowly. For students in the best private MBA colleges in India, this shows how markets shift in cycles. The key is to stay prepared for any such changes. 

How Dollarisation Impacts Indian Businesses and Students

India is playing smart. With a GDP of nearly $4 trillion in 2025, it is rising fast. By using rupee settlements and digital systems like UPI, India is making its mark in global finance. 

For students in the best private MBA colleges in India, this is nothing but an eye-opener. Businesses in India will save costs and cut risks if trade shifts away from the dollar. For MBAs, it means more opportunities to study global strategies with real-world impact. 

Why SRM University Delhi NCR, Sonepat is the Right Choice for Future Leaders

Among the best private MBA colleges in India, SRM University Delhi NCR, Sonepat, stands out. It connects theory with practice. Students here do not just learn old models. They explore new global challenges like dedollarisation, digital finance, and AI-based businesses. 

SRMUH’s MBA Program and Its Focus on Global Trends

At SRM University Delhi NCR, Sonepat, the MBA course module is all about finance, international trade, and global policy. Students work on live case studies, like how BRICS is pushing for currency independence. They even study how shifts in USD power affect Indian trade. 

Industry Links and Real-World Exposure at SRMUH

SRM University Delhi NCR, Sonepat, works closely with industries and global universities. Guest lectures, workshops and live projects help students to see how theories work in practice. This makes them confident to tackle issues like currency risks and global trade disruptions. 

Focus on building leaders.

What sets SRM University Delhi NCR, Sonepat apart is the focus on building leaders, not just managers. In a world where the dollar’s future is uncertain, leaders should think globally. At SRM University Delhi NCR, Sonepat, students get the required skills to deal with uncertainty, risk, and innovation. That is why it is ranked among the best MBA colleges in India, private, and why so many students select it. 

FAQs

What is De-Dollarisation?

It is the procedure of reducing dependency on the US dollar in trade and finance by using other currencies like the Euro, the Yuan, and the Rupee. 

How much of the world’s reserves are in USD?

About 56.3% of the global reserves are in USD as of 2023, down from 71% in 1999. 

How is India part of this trend?

India is promoting rupee settlements and using platforms like UPI to reduce the dependency on dollars. 

Why choose SRM University Delhi NCR, Sonepat for MBA?

SRM University Delhi NCR, Sonepat is one of the best private MBA colleges in India with a strong focus on real-world challenges like dedollarisation. This guarantees that the students are ready for the future job market. 

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