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2 clusters · 4 sources · 9 days · First seen 23 days ago · Last updated 15 days ago

Global shift away from US dollar dominance

Overview

The global monetary landscape is transitioning away from the ‘dollar-petroleum standard’ that has been a cornerstone of the economy since 1972. This shift is driven by changes in how central banks manage reserves and the emergence of new assets, such as Chinese government bonds, as primary risk-free options in Asia.

This process of relative de-dollarization has moved from political declarations into an infrastructure-building phase. While the US dollar maintains a majority of global foreign exchange reserves at approximately 57.1%, the Chinese renminbi is expanding its footprint. By March 2026, the renminbi accounted for roughly 8% of international trade financing via Swift. The transition is being facilitated through bilateral agreements, currency swaps, local currency financing, and the development of digital payment infrastructures.

Entities

Federal University of Fluminense · Tether · SWIFT · Gavekal · Mercado Bitcoin

Timeline

15 days ago

[BUSINESS] 2 sources
Global de-dollarization enters infrastructure phase
The global economy is entering a second phase of de-dollarization, shifting from political declarations to building infrastructure for local currency trade and bilateral agreements.
23 days ago

[BUSINESS] 2 sources
Global monetary system shifts away from dollar-petroleum standard
The global monetary system is transitioning from a ‘dollar-petroleum standard’ as Asian central banks shift focus toward Chinese government bonds, impacting real interest rates in the US and Europe.

Sources

brasilpopular.com · es.fxmag.com · portaldobitcoin.uol.com.br · revueconflits.com