By Andrea Shalal WASHINGTON (Reuters) – The U.S. dollar remains the world’s primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar, a new study by the Atlantic Council’s GeoEconomics Center shows. The group’s “Dollar Dominance Monitor” said the dollar continued to dominate […]
Tag: dedollarization
US dollar’s dominance secure, BRICS see no progress on de-dollarization -report
By Andrea Shalal WASHINGTON (Reuters) – The U.S. dollar remains the world’s primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar, a new study by the Atlantic Council’s GeoEconomics Center shows. The group’s “Dollar Dominance Monitor” said the dollar continued to dominate […]
Russia is doubling down on its de-dollarization efforts as Putin calls to reduce use of ‘toxic’ currencies
Putin said Russia’s use of “toxic” currencies had halved over the last year.ALEXANDER NEMENOV via Getty Russia is pushing ahead in its drive to de-dollarize its economy, Putin said. The Russian president said the use of “toxic” currencies had been slashed in half. The nation has vowed to phase out the dollar after being slammed with […]
China ramps up de-dollarization efforts by dumping a record amount of US bonds
A 100 yuan banknote (R) is placed next to $100 banknotes in this picture illustration taken in Beijing Nov. 1, 2010.Reuters/Petar Kujundzic China sold a record $53.3 billion worth of Treasurys and agency bonds in the first-quarter, Bloomberg reported. It previously unloaded US debt to prop up its yuan, which has again grown weak against […]