You Searched For "de dollarization" and got 20 results
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2 mins read
The dollar's demise has been over-exaggerated
Dollar holdings actually gained last year among global reserves, casting a shadow over last year's …
Filip De Mott
3 mins read
China faces 5 big obstacles in its effort to de-dollarize and boost the yuan on the world stage
Obstacles include China's capital controls and the longstanding popularity and use of the US dollar…
Jennifer Sor
1 min read
Bank of China eyes de-dollarization move in Africa, pushing the yuan in a top copper producer
The Bank of China's office in Zambia is pushing to increase trade using the yuan in Africa's second…
Aruni Soni
2 mins read
There's a 'stealth erosion' in global US dollar reserves, but there's no dominant replacement yet
The share of the US dollar in global forex reserves fell from over 70% in 2000 to about 55% in the …
Huileng Tan
1 min read
China signs yuan-denominated loans for Belt and Road Initiative, accelerating de-dollarization
Beijing's yuan lending spree comes after most of its prior Belt and Road Initiative loans were deno…
Aruni Soni
2 mins read
De-dollarization would require governments to sever political and economic ties with US
A de-dollarization collective is also unlikely as countries would risk losing access to the US secu…
Filip De Mott
2 mins read
How a Saudi pullback from a landmark US deal would be bad news for dollar dominance
The Atlantic Council is speculated what could happen to the dollar if a long-standing accord with S…
Filip De Mott
1 min read
China and Saudi Arabia sign a $7 billion currency swap agreement, adding to de-dollarization push
The agreement marks the latest move to boost internationalization of the yuan in global finance in …
Aruni Soni
2 mins read
Complete de-dollarization in Russia is 'impossible and irrational,' former Kremlin minister says
"Complete withdrawal from dollars and euros, their absence in the domestic market — it is both imp…
Filip De Mott
3 mins read
Russia's weakened energy trade and lost access to the dollar will spark a severe recession within a year, a top economist says
Russia's energy profits are tumbling, and the nation could face major financial trouble as it loses…
Jennifer Sor
2 mins read
Russia says it's working with a group of countries to build a platform that doesn't need the dollar
Russian President Vladimir Putin has doubled down on phasing out the use of the US dollar and other…
Huileng Tan
2 mins read
The biggest threat to the dollar isn't other countries but America's own dysfunction, think tank experts say
Although some foreign economies are trying to de-dollarize, US domestic instability is the real thr…
Filip De Mott
2 mins read
The US can do one big thing to weaken the dollar and put pressure on China
A reduction in the federal deficit would help tame inflation, weaken the US dollar, and open the do…
Matthew Fox
1 min read
The de-dollarization drive is spreading wider - Indonesia is the latest nation to join the anti-buck movement
The island nation's central bank announced it has formed a National Task Force to widen the use of …
Zahra Tayeb
3 mins read
3 reasons the dollar can't be dethroned as the world's dominant currency, according to Morgan Stanley
The US dollar won't be displaced by any of its rivals anytime soon, Morgan Stanley said.
Jennifer Sor
5 mins read
The bloc of countries that wants to overthrow the US dollar is set to gain 6 new members here's what the potential recruits have said about de-dollarization
Brazil, Russia, India, China, and South Africa have invited Saudi Arabia, Argentina, Egypt, Ethiopi…
Huileng Tan
2 mins read
Trump advisers are mulling penalties for any countries that stop using the dollar, report says
Economic advisors to the former president are discussing ways to punish countries that move away fr…
Filip De Mott
2 mins read
Despite all the hype around de-dollarization, the greenback still reigns supreme
China, Russia, and several other countries have upped their efforts to unseat the greenback. These …
George Glover
3 mins read
A group of emerging nations could soon start knocking down one key pillar of dollar dominance
Central-bank-issued digital currencies could chip away at the US dollar's share in international pa…
Huileng Tan
2 mins read
BRICS's messaging about de-dollarization could get even messier if Zimbabwe joins the group's bank
A former Zimbabwe finance minister said there could be an economic "disaster" if the current admini…