Of course, anyone following the global financial news will know that the 50-year old global romance with US$ is coming to an end... The signs were there since quite some time...
What has changed is that what could be earlier explained as a geo-political or high-end financial investor pheonomenon, is now trickling down to mundane affairs.
The snap-shots of this worn-out/wearing-out romance look like this:
1. Earlier, it was the Communists/"Axis of Terror" countries, who started terminating the relationship
2. Then, the financially-savvy investors started moving away
3. The friendly countries/allies start bidding farewells
One can dismiss the above since countries like Cuba, Iran or Venezuela have a political point to make against US. And investors, at best, would be following their self-interest - they would move away from a weak dollar and come back once the dollar picks up.
But more recently, even the friendly countries are getting disenchanted with US$
4. And now these minor reverberations!
Nearer home in India, two developments took place during last couple of months.
And last but not the least, a news from Brazil: