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De-dollarization: Is it really happening?

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Published Jun 09, 2023 01:00PM ET Updated Jun 11, 2023 02:40PM ET

De-dollarization: Is it really happening?

De-dollarization, the decline of the United States dollar as the world’s dominant reserved currency, is underway, and it’s gaining momentum.

For over 100 years, the U.S. dollar has been the world reserve currency, which means it has been the dominant foreign currency held by central banks to carry out international transactions and settle international debt.

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De-dollarization: Is it really happening?

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