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CATEGORY: dollar dominance

Central Banks Show ‘a Lot More Pessimism’ About US Dollar, Survey Shows
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 01, 2023 05:50

Central Banks Show ‘a Lot More Pessimism’ About US Dollar, Survey Shows

The latest gold reserves survey by the World Gold Council shows that central banks are less optimistic about the future role of the U.S. dollar while their confidence in gold has risen. “There was basically a lot more pessimism about the U.S. dollar and a lot more optimism for gold,” said the council’s director of [...]

The post Central Banks Show ‘a Lot More Pessimism’ About US Dollar, Survey Shows appeared first on Crypto Breaking News.

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Economist Predicts Shift to Tripolar Reserve Currency World — Yuan, Euro to Disrupt US Dollar’s Dominance
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 30, 2023 05:50

Economist Predicts Shift to Tripolar Reserve Currency World — Yuan, Euro to Disrupt US Dollar’s Dominance

Economist Stephen Jen, a former Morgan Stanley managing director, expects a shift “from a unipolar reserve currency world to a multipolar world,” with the Chinese yuan, the euro, and the U.S. dollar forming a “tripolar” reserve currency configuration. ‘A Multipolar World’ Economist Stephen Jen, the CEO of asset management firm Eurizon SLJ, expects multiple currencies [...]

The post Economist Predicts Shift to Tripolar Reserve Currency World — Yuan, Euro to Disrupt US Dollar’s Dominance appeared first on Crypto Breaking News.

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Robert Kiyosaki Insists US Dollar Will Die as BRICS Summit Nears, 41 Nations to De-Dollarize the World
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 28, 2023 05:55

Robert Kiyosaki Insists US Dollar Will Die as BRICS Summit Nears, 41 Nations to De-Dollarize the World

Rich Dad Poor Dad author Robert Kiyosaki has reiterated his warning about the impending demise of the U.S. dollar as the BRICS summit approaches. The famous author anticipates the launch of a new currency by the economic bloc and the de-dollarization efforts of around 41 nations seeking to join the BRICS group. Robert Kiyosaki on [...]

The post Robert Kiyosaki Insists US Dollar Will Die as BRICS Summit Nears, 41 Nations to De-Dollarize the World appeared first on Crypto Breaking News.

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IMF Director: Iranians, Brazilians, Saudis Switching to Trade in Chinese Yuan as De-Dollarization Gains Momentum
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 28, 2023 05:50

IMF Director: Iranians, Brazilians, Saudis Switching to Trade in Chinese Yuan as De-Dollarization Gains Momentum

The International Monetary Fund’s (IMF) executive director for Russia says a growing number of countries are switching to trade in Chinese yuan, not only with China but also with third countries. He stressed that it is wrong for the U.S. dollar to be widely used globally given that the U.S. government uses the currency “for [...]

The post IMF Director: Iranians, Brazilians, Saudis Switching to Trade in Chinese Yuan as De-Dollarization Gains Momentum appeared first on Crypto Breaking News.

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Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 29, 2023 05:50

Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status

Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley has warned of “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. “That would mean the end of the U.S. dollar,” she said, predicting that “there would be a complete implosion of the global economic [...]

The post Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status appeared first on Crypto Breaking News.

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North Korean Analyst Warns of Accelerating End to Dollar Dominance — Says BRICS Poses Challenge to US Hegemony
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 27, 2023 05:50

North Korean Analyst Warns of Accelerating End to Dollar Dominance — Says BRICS Poses Challenge to US Hegemony

A North Korean analyst has cautioned that the actions taken by the U.S. to restrict the usage of the dollar and the growing interest of countries to join the BRICS bloc are “accelerating” the decline of the USD as the world’s dominant currency. North Korean State Media on De-Dollarization and the BRICS North Korea’s state [...]

The post North Korean Analyst Warns of Accelerating End to Dollar Dominance — Says BRICS Poses Challenge to US Hegemony appeared first on Crypto Breaking News.

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ECB President Lagarde on De-Dollarization: Reserve Currency Status Should No Longer Be Taken for Granted
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Apr 26, 2023 01:20

ECB President Lagarde on De-Dollarization: Reserve Currency Status Should No Longer Be Taken for Granted

European Central Bank (ECB) President Christine Lagarde has warned that the U.S. dollar’s reserve currency status “should no longer be taken for granted.” Acknowledging de-dollarization efforts by various countries, she stressed: “New trade patterns may have ramifications for payments and international currency reserves.” ECB’s Christine Lagarde on De-Dollarization and Alternative Currencies The president of the

The post ECB President Lagarde on De-Dollarization: Reserve Currency Status Should No Longer Be Taken for Granted appeared first on BTC Ethereum Crypto Currency Blog.

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US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 25, 2023 05:50

US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize

U.S. Treasury Secretary Janet Yellen has defended the dominance of the U.S. dollar amid rising efforts by emerging countries to de-dollarize. Brazilian President Luiz Inácio Lula da Silva, in particular, is set to raise the issue of de-dollarization at the next BRICS meeting. “There is a very good reason why the dollar is used widely [...]

The post US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize appeared first on Crypto Breaking News.

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Nobel Prize Laureate Paul Krugman Warns of Disruption in Financial Markets Without US Dollar
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 23, 2023 05:50

Nobel Prize Laureate Paul Krugman Warns of Disruption in Financial Markets Without US Dollar

Nobel Prize-winning economist Paul Krugman says that no currency can play the role of the U.S. dollar. Commenting on the de-dollarization trend and the possible U.S. default, he emphasized that without the USD, “financial markets will be disrupted by the lack of any safe, liquid asset.” Economist Paul Krugman on De-Dollarization and USD Alternatives Paul [...]

The post Nobel Prize Laureate Paul Krugman Warns of Disruption in Financial Markets Without US Dollar appeared first on Crypto Breaking News.

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JPMorgan Warns Dollar Dominance Faces Risks From Political Instability, US-China Tensions
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 21, 2023 05:50

JPMorgan Warns Dollar Dominance Faces Risks From Political Instability, US-China Tensions

JPMorgan has warned of the risks to the U.S. dollar’s dominance from escalating U.S.-China tensions and political instability. The global investment bank’s strategists anticipate “partial de-dollarization,” in which the Chinese yuan gradually assumes a more significant role in global trade. JPMorgan on De-Dollarization Threat Global investment bank JPMorgan has warned that the dominance of the [...]

The post JPMorgan Warns Dollar Dominance Faces Risks From Political Instability, US-China Tensions appeared first on Crypto Breaking News.

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Renowned Investor Jim Rogers Warns US Dollar’s Time ‘Coming to an End’ as Countries Seek Alternatives
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 21, 2023 05:55

Renowned Investor Jim Rogers Warns US Dollar’s Time ‘Coming to an End’ as Countries Seek Alternatives

Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says the U.S. dollar’s time is coming to an end as more countries are seeking alternatives to the USD. “Many friends of America are moving, trying to find something to compete with and ultimately replace the U.S. dollar. It will happen. [...]

The post Renowned Investor Jim Rogers Warns US Dollar’s Time ‘Coming to an End’ as Countries Seek Alternatives appeared first on Crypto Breaking News.

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Expert Claims Proposed BRICS Common Currency Poised to Undermine US Dollar Dominance
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
May 20, 2023 01:20

Expert Claims Proposed BRICS Common Currency Poised to Undermine US Dollar Dominance

A recent report from China’s Global Times reveals that Zhou Yu, an international finance research director at the Shanghai Academy of Social Sciences, believes that the proposed BRICS cross-border currency is a significant step in challenging the dominance of the U.S. dollar. Zhou asserts that the recent initiatives to promote local currency settlement have provided

The post Expert Claims Proposed BRICS Common Currency Poised to Undermine US Dollar Dominance appeared first on BTC Ethereum Crypto Currency Blog.

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JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 19, 2023 05:50

JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy

JPMorgan’s strategists have explained that even if China overtakes the U.S. as the world’s largest economy around 2030, the U.S. dollar may remain the world’s dominant currency for the rest of the 21st century. The global investment bank cited the historical experience of when the U.S. overtook Great Britain as the world’s largest economy. JPMorgan [...]

The post JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy appeared first on Crypto Breaking News.

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BRICS De-Dollarization Push, China, and Crypto Threaten US Dollar’s Dominance: Analyst
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 19, 2023 05:50

BRICS De-Dollarization Push, China, and Crypto Threaten US Dollar’s Dominance: Analyst

Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that China will “exert more influence in global financial institutions and trade.” Analyst Explains Why U.S. [...]

The post BRICS De-Dollarization Push, China, and Crypto Threaten US Dollar’s Dominance: Analyst appeared first on Crypto Breaking News.

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Russian President Putin Discusses End of US Dollar Dominance — Claims Russia Has No De-Dollarization Plan
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jun 18, 2023 01:20

Russian President Putin Discusses End of US Dollar Dominance — Claims Russia Has No De-Dollarization Plan

Russian President Vladimir Putin has discussed the end of the U.S. dollar dominance, claiming that Russia has nothing to do with the USD’s downfall. “We have never had and do not have the goal of de-dollarization,” Putin also stressed, highlighting global trends that could lead to the end of the U.S. dollar. Putin Discusses the

The post Russian President Putin Discusses End of US Dollar Dominance — Claims Russia Has No De-Dollarization Plan appeared first on BTC Ethereum Crypto Currency Blog.

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Economist Peter Schiff: US Dollar Decline Will Be ‘Far Greater’ Than Yellen Warns — Fed Chair Powell ‘Clearly Worried’ About Financial Crisis
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 18, 2023 05:50

Economist Peter Schiff: US Dollar Decline Will Be ‘Far Greater’ Than Yellen Warns — Fed Chair Powell ‘Clearly Worried’ About Financial Crisis

Economist Peter Schiff says the U.S. dollar decline will be “far greater” than what Treasury Secretary Janet Yellen has warned. “This portends a significant decline in our standard of living,” he cautioned. Furthermore, the economist stressed that Federal Reserve Chairman Jerome Powell “is clearly worried about the evolving financial crisis, but doesn’t want to spook [...]

The post Economist Peter Schiff: US Dollar Decline Will Be ‘Far Greater’ Than Yellen Warns — Fed Chair Powell ‘Clearly Worried’ About Financial Crisis appeared first on Crypto Breaking News.

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US Dollar’s Importance Declining in International Transactions and as Reserve Currency, Economist Says
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 17, 2023 05:50

US Dollar’s Importance Declining in International Transactions and as Reserve Currency, Economist Says

A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in international trade and as a reserve currency has been declining. “Other currencies have been getting more important in international transactions and as reserve currencies,” he stressed. Economist Highlights Rising De-Dollarization Trend Canadian economist James Brander shared [...]

The post US Dollar’s Importance Declining in International Transactions and as Reserve Currency, Economist Says appeared first on Crypto Breaking News.

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Growing Links Between Middle East, Russia, China Pose Huge Challenge for US, Warns Former Treasury Secretary
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 17, 2023 05:50

Growing Links Between Middle East, Russia, China Pose Huge Challenge for US, Warns Former Treasury Secretary

Former Treasury Secretary Lawrence Summers has expressed concerns that a rising number of countries, including China, Russia, and the Middle East, are aligning themselves and gaining global influence. “I think [it] is a huge challenge for the United States,” he cautioned. Larry Summers on Countries Banding Together Against the US Former Treasury Secretary Lawrence Summers [...]

The post Growing Links Between Middle East, Russia, China Pose Huge Challenge for US, Warns Former Treasury Secretary appeared first on Crypto Breaking News.

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Economist Predicts End of US Dollar Dominance as More Countries De-Dollarize
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 13, 2023 05:50

Economist Predicts End of US Dollar Dominance as More Countries De-Dollarize

The chief economist at S&P Global has predicted that the U.S. dollar “will no longer be the dominant world currency.” Highlighting the diminishing influence of the USD, he pointed out that an increasing number of countries are de-dollarizing, noting that the Chinese yuan is growing in popularity as a trading currency. Economist Expects US Dollar [...]

The post Economist Predicts End of US Dollar Dominance as More Countries De-Dollarize appeared first on Crypto Breaking News.

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Russian Banker Predicts End of Dollar Dominance as Global Power Shifts
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jun 11, 2023 01:20

Russian Banker Predicts End of Dollar Dominance as Global Power Shifts

Russia’s second-largest bank’s chairman has predicted the end of U.S. dollar dominance. He believes that the Chinese yuan will replace the U.S. dollar as the dominant currency. “I think that the time has come when China will gradually remove currency restrictions,” he noted, adding that “China understands that they will not become world economic power

The post Russian Banker Predicts End of Dollar Dominance as Global Power Shifts appeared first on BTC Ethereum Crypto Currency Blog.

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