dedollarization
Sign in to saveright|thumb|300x300px|Worldwide use of the U.S. dollar: Worldwide use of the euro:
Article
45 sectionsContents
- History
- Global reserve currency shares over time
- Causes
- Adverse American foreign policies and tariffs
- Emergence of other nations as power centres
- Dedollarisation with new alternatives to SWIFT
- Dedollarisation in commodities sector
- Argentina
- Brazil
- Bolivia
- China
- Europe
- Ghana
- India
- Iran
- Malaysia
- Russia
- Saudi Arabia
- Turkey
- Venezuela
- Dedollarisation in forex reserves sector
- China
- India
- Egypt
- Myanmar
- Kazakhstan
- Russia
- Dedollarisation through bilateral trade agreements
- ASEAN
- BRICS
- SCO
- Brazil
- China
- India
- Indonesia
- Iran
- Russia
- Dedollarisation of dollar-denominated assets
- Russia
- Zimbabwe
- Other countries
- Reaction
- Further reading
- See also
- References
right|thumb|300x300px|Worldwide use of the U.S. dollar: Worldwide use of the euro:
Dedollarisation refers to efforts by governments, firms and market participants to reduce the use of the U.S. dollar in reserves, trade invoicing and settlement, cross-border finance, and domestic transactions. Motivations are diverse, and include gaining greater economic independence, reducing exposure to U.S. monetary and sanctions policy, lowering currency mismatch and transaction costs, and building local market infrastructure. The channels of dedollarisation are distinct and progress is uneven across them.