The end of King Dollar? The forces at play in de-dollarisation – Reuters
- Date: 25-May-2023
- Source: Reuters
- Sector:Financial Services
- Country:Saudi Arabia
The end of King Dollar? The forces at play in de-dollarisation – Reuters
LONDON, May 25 (Reuters) - Rivalry with China, fallout from Russia's war in Ukraine and wrangling once again in Washington over the U.S. debt ceiling have put the dollar's status as the world's dominant currency under fresh scrutiny.
Russia's sanctions-imposed exile from global financial systems last year also fuelled speculation that non-U.S. allies would diversify away from dollars.
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