Is de-dollarization a good alternative to the dollar?

Above all, de-dollarization has become part of the policies and strategies of some countries. But de-dollarization efforts do not mean the dollar’s demise is imminent or the currency’s sway has ended. Currently, there is no good alternative to the dollar. No substantial evidence demonstrates that the dollar’s supreme status is under threat.

Is de-dollarization a mood swing?

Economic rationale for de-dollarization Currently, not only states but also investors have been reassessing the dollar’s role in the global economy and its implications for the world’s financial system. De-dollarization is not a mood swing; there are economic reasons behind this trend.

Is de-dollarization a sign of a clout of the dollar?

Some signs of de-dollarization are evident in the commodities space, where energy transactions are increasingly priced in non-USD currencies. Globally, new payments systems are facilitating cross-border transactions without the involvement of U.S. banks, which could undermine the dollar’s clout.