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ECB President Lagarde on De-Dollarization: Reserve Currency Status Should No Longer Be Taken for Granted

ECB President Lagarde on De-Dollarization: Reserve Currency Status Should No Longer Be Taken for GrantedEuropean Central Bank (ECB) President Christine Lagarde has warned that the U.S. dollar’s reserve currency status “should no longer be taken for granted.” Acknowledging de-dollarization efforts by various countries, she stressed: “New trade patterns may have ramifications for payments and international currency reserves.” ECB’s Christine Lagarde on De-Dollarization and Alternative Currencies The president of the […]

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BRICS De-Dollarization Push, China, and Crypto Threaten US Dollar’s Dominance: Analyst

BRICS De-Dollarization Push, China, and Crypto Threaten US Dollar’s Dominance: AnalystFitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that China will “exert more influence in global financial institutions and trade.” Analyst Explains Why U.S. […]

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