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CATEGORY: usd dominance


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.

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.

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.

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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