dollar yuan
A 100 yuan banknote (R) is placed next to $100 banknotes in this picture illustration taken in Beijing Nov. 1, 2010.
  • The dollar's dominance isn't at risk, three currency experts told Insider.
  • That's because the greenback is an entrenched encumbent and widely trusted as a safe haven. 
  • Economists and currency experts shared five misconceptions about the dollar's position in global markets.

The dollar's dominance isn't fading anytime soon, and commentators that have warned recently of a de-dollarized global economy are operating on a handful of key misconceptions, experts say.

There's been growing talk that the dollar could soon be displaced by a rival currency, both as a reserve currency in central banks around the world, as well as the currency used in an overwhelming percentage of global trade.