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India Denies Targeting US Dollar as Dedollarization Reshapes Global Trade

[Oct 8 6:30 AM] India’s External Affairs Minister S. Jaishankar clarified that the country is not targeting the U.S. dollar in its economic policy, despite shifts in global trade and currency usage. Speaking in Washington, he emphasized that India’s…

Former Russian PM: BRICS Not Ready for Common Currency

[Aug 27 3:30 AM] Sergey Stepashin, Russia’s former prime minister, explained that it’s premature to discuss a common BRICS currency, emphasizing the importance of increasing payments in national currencies instead. He cited challenges in creating a common…

IMF Data Shows Decline in US Dollar Dominance

[Jun 15 4:06 PM] Recent data from the International Monetary Fund (IMF) points to an ongoing decline in the U.S. dollar’s share of allocated foreign reserves held by central banks and governments. Economists explained that reserve managers are attracted to…

Putin Says US Dollar Dominance Diminishing as Use of ‘Toxic Currencies’ Declines

[Jun 11 6:33 PM] Russian President Vladimir Putin claims U.S. economic policies are diminishing the dollar’s global dominance. “Last year the share of payments for Russian exports in the unfriendly states’ so-called toxic currencies was halved,”…

Experts Say Dollar Dominance Debate Misses the Point, US Needs Economic Focus

[Jun 11 4:16 PM] Two experts have explained that the global debate on the future of dollar dominance misses the point because it doesn’t focus on how the dollar’s future will evolve. They warned: “If the U.S. doesn’t keep its house in better order, dollar…

Famed Analyst Richard Bove Says US Dollar Is Finished as World’s Reserve Currency — Expects China to Overtake US Economy

[Jan 30 9:00 PM] Renowned financial analyst with over 54 years of experience, Richard Bove, has warned that the U.S. dollar is finished as the world’s reserve currency, cautioning that China will overtake the U.S. economy. He warned that the offshoring of…

Morgan Stanley Sounds Alarm on US Dollar’s Dominance — Says Crypto Could Significantly Alter Currency Landscape

[Jan 21 11:00 PM] Morgan Stanley has warned about the risk of the U.S. dollar losing its dominance, fueled by growing interest in digital assets, including bitcoin. Emphasizing that the U.S. dollar’s dominance “is being increasingly scrutinized,” the investment bank�

BNY Mellon: US Dollar’s Global Reserve Status Safe Despite BRICS Expansion

[Sep 4, 2023 5:30 PM] The Bank of New York Mellon has provided insights into why the growth of the BRICS economic alliance is unlikely to impact the U.S. dollar’s dominance as the global reserve currency. “We think the most important factor for dollar use…

Chinese Yuan Not Ready to Topple US Dollar as World Reserve Currency, Says Strategist

[Sep 1, 2023 7:00 PM] A global macro strategist has explained that the Chinese yuan is unlikely to replace the U.S. dollar as the global reserve currency. She emphasized that the “weaponization” of the USD is one of the top reasons why Russia, China, and…

US Dollar Dominance in Global Payments Strengthens, SWIFT Data Shows

[Aug 26, 2023 9:30 PM] The U.S. dollar’s dominance in global payments has strengthened, according to data compiled by global financial messaging service SWIFT. The share of SWIFT FX transactions involving the U.S. dollar rose to a record 46% in July. In addition, the…

Chinese Yuan Not Serious Threat to US Dollar Hegemony, Says Economist

[Aug 22, 2023 9:30 PM] An economist has dismissed the Chinese yuan as a significant threat to the U.S. dollar’s dominance. “The Chinese renminbi, which accounts for less than 3% of global reserves, is not a serious threat to dollar hegemony,” he…

UBS Expects US Dollar Dominance to Persist for ‘Years to Come’

[Aug 9, 2023 8:30 PM] Swiss investment banking giant UBS expects the U.S. dollar’s reign to live on. “We firmly believe we will be living in a U.S. dollar-centric world for years to come,” the bank’s executive said, adding that there will be some room…

Analyst Discusses US-BRICS Power Shift — Warns of Dollar Dominance Ending

[Aug 8, 2023 5:30 PM] A think tank analyst says the U.S. dollar’s dominance may be coming to an end as countries position themselves for a new international system. “As the reliance on U.S. dollars diminishes, central banks will begin dumping their dollar…

Brazil’s President Reaffirms De-Dollarization Call — Discusses BRICS Expansion

[Aug 7, 2023 9:30 PM] Brazil’s President Luiz Inacio Lula da Silva has reaffirmed his call to shift away from the U.S. dollar in global trade. He also revealed his stance on the expansion of the BRICS economic bloc ahead of the group’s upcoming summit…

Asian Economies Could Benefit From Reduced Dollar Influence, Says Devere CEO

[Aug 5, 2023 7:30 PM] The CEO of asset management firm Devere Group says the world is shifting “away from a dollar-dominated financial system.” Emphasizing that a shift away from U.S. dollar influence “could have positive implications for Asian economies,” he…

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

[Jul 20, 2023 7:30 PM] 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…

Economist Sounds Alarm on US Dollar Losing Reserve Currency Status

[Jul 18, 2023 9:30 PM] An economist with the Heritage Foundation has warned about the potential calamity of the U.S. dollar losing its reserve currency status. He stressed that “The Biden administration has taken so many actions to dethrone King Dollar that it would be…

Nobel Laureate Paul Krugman Says US Dollar Dominance Won’t Last Forever but Doubts Chinese Yuan Can Replace USD

[Jul 17, 2023 9:30 PM] Nobel Prize-winning economist Paul Krugman says the U.S. dollar’s dominance “won’t last forever.” While recognizing the global de-dollarization trend, he expressed skepticism about the Chinese yuan’s ability to replace…

IMF Has Not Seen Specific Proposal on BRICS Currency

[Jul 15, 2023 10:00 PM] The International Monetary Fund (IMF) has not seen any specific proposal on a common BRICS currency. However, the IMF acknowledges the presence of “slow-moving trends” indicating shifts in the currency composition of reserves and trade…

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

[Jul 12, 2023 6:00 PM] 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…

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

[Jun 27, 2023 8:00 PM] 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…

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

[Jun 26, 2023 7:30 PM] 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…

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

[Jun 18, 2023 6:30 PM] 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…

Economist Jim Rickards Predicts Unveiling of New BRICS Currency — Says ‘the World Is Unprepared for This Geopolitical Shock Wave’

[Jun 11, 2023 8:00 AM] Jim Rickards, an economist and the author of “Currency Wars,” has predicted the unveiling of a new BRICS currency, stating that it “could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading…

Russian Banker Predicts End of Dollar Dominance as Global Power Shifts

[Jun 10, 2023 10:00 PM] 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…

Chinese Yuan, Euro, Digital Currencies Challenge US Dollar Dominance, TD Economist Says

[Jun 6, 2023 5:30 PM] A senior economist at financial services firm TD says the Chinese yuan, the euro, and digital currencies could erode the U.S. dollar’s dominance. “Several countries have shown frustration with the dominance of the dollar and are pursuing…

Renowned Investor Jim Rogers Expects Worst Bear Market in His Lifetime — Says ‘You Should Be Extremely Worried’

[Jun 3, 2023 7:30 PM] Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says he expects the next bear market to be the worst in his lifetime. “You should be extremely worried. If you’re not, you don’t know…

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

[May 22, 2023 8:30 PM] 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…

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

[May 19, 2023 11:30 PM] 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…

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

[May 16, 2023 5:30 PM] 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…