Key BRICS member admits the dollar will remain dominant despite oil deals in rupees and yuan

Tech Insider : Economy
US dollar

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China's yuan is displacing other top global currencies in trade, but not the US dollar

Tech Insider : Economy
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound, in this picture illustration taken January 25, 2011. REUTERS/Kacper Pempel/Illustration/File Photo
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound

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China-based BRICS bank aims to de-dollarize debt by expanding local currency lending

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A worker arranges a signboard of the 15th BRICS summit outside the Sandton Convention Center in Johannesburg, South Africa, Aug. 17, 2023. The 15th BRICS summit is to be held in Johannesburg, South Africa, on Aug. 22-24.
A worker arranges a signboard of the 15th BRICS summit outside the Sandton Convention Center in Johannesburg, South Africa, Aug. 17, 2023. The 15th BRICS summit is to be held in Johannesburg, South Africa, on Aug.

India's central bank urges lenders to de-dollarize trade with the UAE using local currencies

Tech Insider : Economy
India rupee money cash
A trader counts new 2,000-rupee notes at a wholesale vegetable market in Bangalore, India

AP Photo/Aijaz Rahi

The dedollarization drive is facing a confidence crisis as the yuan, ruble and Argentine peso simultaneously plummet, an analyst says

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U.S. dollar notes are seen at a Kasikornbank in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha
U.S. dollar notes are seen at a Kasikornbank in Bangkok

Thomson Reuters

The biggest threat to the dollar is the US itself, top economist Benn Steil warns

Tech Insider
US dollar
The US itself poses the biggest threat to the dollar's dominance, according to top economist Benn Steil.

(Photo by Xu Jinbai/VCG via Getty Images)

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