China is pushing ahead with dedollarization, hoarding gold for a 10th straight month after slashing Treasury holdings to a 14-year low

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A man places a gold bar in a locker in a vault at the precious metals dealer Pro Aurum.
A man places a gold bar in a locker in a vault at the precious metals dealer Pro Aurum.

Sven Hoppe/picture alliance/Getty Images

Argentina's presidential candidate is already setting things in motion to dollarize the economy by rebuilding reserves

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Argentine peso/dollar

AGUSTIN MARCARIAN/Reuters

JPMorgan says the biggest risk of de-dollarization isn't a rival currency — it's that the US could lose a key tool it's used to fight past economic crises

Tech Insider : Economy
Andrew Jackson portrait on twenty dollar bill.
Andrew Jackson portrait on twenty dollar bill.

Elizabeth Fernandez/Getty Images

Argentina should avoid dollarization as it can trap the country in Ecuador-like economic morass, one economist says

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Argentina peso/dollar

Nora Mazzini

The greenback is 'losing some influence' in the oil markets — and it means a partial de-dollarization is likely, says JPMorgan

Tech Insider : Economy
One Chinese yuan bill lying on top of a US dollar bill.
A larger volume of oil is now being transacted in non-dollar currencies such as the Chinese yuan, JPMorgan said in its report.

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Russia is becoming increasingly dependent on Chinese banks as its yuan borrowings more than quadruple

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Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023.
Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023.

Sputnik/Sergei Karpukhin/Pool via

Dollarization is the only way for Argentina to stop its 'death spiral', economist Steve Hanke says

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Argentine peso bills

(Photo by LEO LA VALLE/AFP via Getty Images)

Here's why China's yuan will never be able to dethrone the US dollar

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A Person Counting US Dollar Bills

Moe Zoyari/Bloomberg

De-dollarization won't happen anytime soon as 'it's not so easy' to beat the greenback, Indian minister says

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President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, South African President Cyril Ramaphosa, Prime Minister of India Narendra Modi and Russia's Foreign Minister Sergei Lavrov pose for a BRICS family photo during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa, on August 23, 2023.
The leaders of the BRICS countries at a summit in Johannesburg, South Africa.

Gianluigi Gu

The BRICS summit ended with no new currency and all 5 members issuing differing and contradictory commentary on de-dollarization

Tech Insider : Economy, Politics
President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, South African President Cyril Ramaphosa, Prime Minister of India Narendra Modi and Russia's Foreign Minister Sergei Lavrov pose for a BRICS family photo during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa, on August 23, 2023.
The BRICS summit wrapped up last Thursday with six new members but not a new currency.

Gia

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