Countries from Russia to China are building payments systems that could threaten the dollar's global dominance

Tech Insider : Economy, Economy, Politics
An illustration of a warped, glitchy dollar bill.

Michael Raines/Getty Images; Jenny Chang-Rodriguez/BI

More rich countries worried about the dollar want to buy gold

Tech Insider : Economy, Economy
A rolled-up dollar bill on a chess board like a chess piece, with a crown on top of it.
Most central banks said they expected the dollar's share of global reserves to fall.

new look casting/Getty Images

Russia adopts Chinese yuan-to-ruble as benchmark exchange rate after US sanctions force a further move away from the dollar

Tech Insider : Economy, Politics, Economy
Russia's President Vladimir Putin and Chinese leader Xi Jinping shake hands.
Russia's President Vladimir Putin and Chinese leader Xi Jinping.

Sergey Bobylev/Pool/AFP/ Getty Images

There's a 'stealth erosion' in global US dollar reserves, but there's no dominant replacement yet

Tech Insider : Economy, Economy
dollar dominance

PM Images/Getty Images

Russia says it's working with a group of countries to build a platform that doesn't need the dollar

Tech Insider : Economy
dollar dominance
Russia is keen to move its trading partners away from the dollar.

new look casting/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

The US dollar has become so weaponized that central banks are snapping up politically-neutral gold

Tech Insider : Economy
A gold seller examines golden ornaments before trading at a gold shop in Chinatown, Bangkok, Thailand, 10 March 2022.
Gold prices are at record highs as the precious metal is increasingly valued as a politically neutral, safe asset.

Anusak Laowilas/NurPhoto/Getty Images

Warren Buffett said he could make a 50% return on $1 million and predicted higher taxes. Here are 14 Q&A nuggets.

Tech Insider : Economy, Economy
warren bufett eating
Warren Buffett.

Rick Wilking/Reuters

The US is eyeing sanctions that could cut off some Chinese banks from the rest of the world

Tech Insider : Economy
U.S. Secretary of State Antony Blinken shakes hands with Chinese President Xi Jinping in the Great Hall of the People in Beijing, China, Monday, June 19, 2023.
U.S. Secretary of State Antony Blinken shakes hands with Chinese President Xi Jinping in the Great Hall of the People in Beijing, China, Monday, June 19, 2023.

Leah Millis/pool / AP Photo

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