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Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
As Paul Keating would say, the pet-shop galahs are all talking about “de-dollarisation” – that is, the demise of the greenback as the world’s reserve currency.
Source: https://thenewdaily.com.au/finance/2023/04/20/america-china-currency-kohler/
A successful reserve currency is based on trust, and most market actors won’t trust their wealth to a fickle dictator.
Source: https://foreignpolicy.com/2023/03/24/xi-putin-china-russia-summit-ukraine-world/
But while the dominance of the dollar has wavered slightly in recent months as rivals try to muscle in, the greenback is unlikely to be displaced as the world's dominant reserve currency, experts say.
It’s just how capital markets work and why people are thinking of a different future, one without the US dollar as the reserve currency.
Since 1450 there have been six major world reserve currency periods.
Talks of South Africa, the African continent and some emerging economies moving away from the dollar as the world’s reserve currency has intensified with the Russian war on Ukraine.
The closer Congress gets to the brink, the more it will undermine confidence in the U.S. dollar as the world’s reserve currency and drive up the government’s borrowing costs, as investors demand higher interest rates to compensate for the risk.
Source: https://www.heraldnet.com/opinion/comment-debt-limits-only-purpose-is-grandstanding-abolish-it/
The protocol launched a native token, $ARA, a decentralized reserve currency, a wealth storage method backed by the Array treasury.
Source: https://247wallst.com/investing/2023/05/01/super-stablecoin-platform-array-raises-10m-from-temasek/
The signs that de-dollarization is taking place are certainly there but this will not result in an overnight abandonment of the dollar as the world’s global reserve currency unless a very dramatic shift in geopolitics was to take place.
Source: https://greekreporter.com/2023/06/11/de-dollarization-world-economy/
We did it in Afghanistan and every time we got away with it, because uniquely, we held the world’s reserve currency, but this time could be very, very different.