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China's yuan is emerging as a strong challenger to the dollar's dominance. Here are 5 countries that recently turned to the yuan instead of the USD for trade.

Mon, 05/08/2023 - 21:02

Tech Insider : Economy

yuan dollar — The Chinese yuan's share in international transactions is increasing.
China Photos/Getty Images

economy, Markets, US Dollar, Chinese yuan, De-Dollarization, News, Russia

Warren Buffett and Charlie Munger warned a banking crisis is possible, AI may be dangerous, and government overspending will end badly. Here are their 18 best quotes from Berkshire Hathaway's annual meeting.

Sun, 05/07/2023 - 18:36

GettyImages 1140985597 — Warren Buffett (left) and Charlie Munger.
JOHANNES EISELE/AFP via Getty Images

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Berkshire Hathaway Annual Meeting 2023, Charlie Munger

Warren Buffett shrugs off de-dollarization fears but warns excessive government spending may have serious fallout

Sat, 05/06/2023 - 15:30

warren buffett — Warren Buffett.
Bill Pugliano / Getty

Markets, MI Exclusive, Currencies, US Dollar, De-Dollarization, Inflation, Greenback

Dollar dominance isn't going anywhere. Here are 5 myths about de-dollarization.

Sat, 05/06/2023 - 08:15

dollar yuan — A 100 yuan banknote (R) is placed next to $100 banknotes in this picture illustration taken in Beijing Nov. 1, 2010.
Reuters/Petar Kujundzic

Markets, MI Exclusive, De-Dollarization, Dollar dominance, US Dollar, dollar vs. yuan, Currency Wars

Russia says there's a problem with billions of rupees it has in India that need to be converted

Fri, 05/05/2023 - 13:44

Tech Insider : Economy

India Rupee Man — A worker at a fuel station checks a 500 Indian rupee note after filing a vehicle with fuel in Kolkata February 3, 2011.
REUTERS/Rupak De Chowdhuri

Markets, MI Exclusive, Rupee, Russia, Sanctions, Trade Surplus, Currency

Here's why it'll be hard for the yuan to replace the dollar even in the next 20 years, according Stanford historian Niall Ferguson

Tue, 05/02/2023 - 09:55

Dollar vs. Yuan — Dollar vs. Yuan
ByoungJoo/Getty Images

Markets, MI Exclusive, De-Dollarization, Dollar dominance, dollar vs. yuan, US Dollar, China currency yuan

De-dollarization is undeniable, and the debate about the greenback's dominance is heating up. Here's what Elon Musk, Ray Dalio, Chamath Palihapitiya and 7 others are saying.

Mon, 05/01/2023 - 06:30

US dollar — US dollar
Sopa Images/Getty Images

Markets, MI Exclusive, Dollar, Dollar dominance, US Dollar, China, India

Argentina will pay for Chinese imports in yuan instead of dollars to preserve its shrinking greenback reserves

Thu, 04/27/2023 - 05:13

dollar yuan — Argentina will pay for its Chinese imports in yuan instead of dollars to protect its greenback reserves.
Reuters/Petar Kujundzic

Markets, MI Exclusive, Argentina, Dollar, US Dollar, dollar movement, China

What is de-dollarization? Here's everything you need to know about rival countries' efforts to dethrone the greenback

Wed, 04/26/2023 - 08:18

putin xi — China and Russia have spearheaded the de-dollarization movement over the past year.
Kim Kyung-Hoon/Reuters

Markets, MI Exclusive, Currencies, US Dollar, Dollar dominance, De-Dollarization, China

Elon Musk warns against weaponizing currencies as the de-dollarization movement takes hold

Tue, 04/25/2023 - 07:32

A man holds up dollar bills in a money exchange office in Istanbul, Turkey. — A man holds up dollar bills in a money exchange office in Istanbul, Turkey.
YASIN AKGUL/AFP via Getty Images

Markets, MI Exclusive, Dollar, US Dollar, Currencies, India, China

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