Russia can rely on China for the yuan, but China can't rely on anyone else

Tech Insider : Economy, Economy
Russian President Vladimir Putin greets Chinese President Xi Jinping against a backdrop of China and Russia flags.
Chinese President Xi Jinping and Russian leader Vladimir Putin.

Contributor/Getty Images

China's quest to turn the yuan into a global currency isn't actually driven by domination. It's about sanctions.

Tech Insider : Economy, Economy
Several 100 yuan banknotes and a $100 bill.
China is playing defense more than offense in its international promotion of the Chinese yuan, a researcher says.

Sheldon Cooper/SOPA Images/LightRocket/Getty Images

A group of emerging nations could soon start knocking down one key pillar of dollar dominance

Tech Insider : Economy
US dollar bill with glitch effect
Some emerging nations are calling for a move away from the global financial system dominated by the US dollar.

Michael Raines

3 reasons countries around the world want to break up with the dollar

Tech Insider : Economy, Politics, Economy
A few key outside factors are chipping away at the US dollar's dominance in global trade.
A few key outside factors are chipping away at the US dollar's dominance in global trade.

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Argentina's dollar-loving president Javier Milei warns the country to get ready for a painful economic shock

Tech Insider : Economy, Economy
A supporter of Presidential candidate Javier Milei of La Libertad Avanza holds a replica of a hundred dollars bill with Milei's photo during a rally on September 25, 2023 in San Martin, Buenos Aires, Argentina.
A supporter of Presidential candidate Javier Milei holds a replica of a hundred-dollar bill during a rally in September.

Tomas Cuesta/Getty Images

Taking dollarization to the next level: Here's a look at countries using the greenback as local currency

Tech Insider : Economy
Andrew Jackson portrait on twenty dollar bill.
Andrew Jackson portrait on $20 bill.

Elizabeth Fernandez/Getty Images

Dollarization will provide an 'incredible boost' to Argentina's economy, veteran emerging-markets investor says

Tech Insider : Economy
Argentine peso bills

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

This is the world's next major election. The winner has to fix chronic hyperinflation and halt a 6th recession in 10 years.

Tech Insider : Economy, Economy
argentina
Javier Milei and Sergio Massa are set to square off in a run-off vote to elect Argentina's next president on November 19.

Rodrigo Abd/Gustavo Garello/AP Photo

BRICS countries could swing an 'economic wrecking ball' at dollar dominance even without a shared trade currency, former White House economist says

Tech Insider
Money getting shredded

Daniel Grizelj/Getty Images

Argentina used Chinese yuan for part of its payment to the IMF as US dollars remain scarce

Tech Insider
One Chinese yuan bill lying on top of a US dollar bill.
One Chinese yuan bill lying on top of a US dollar bill.

Getty Images

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