Attention Economy


Wednesday, April 26, 2023

De-Dollarization - This Time is Different

Update: Wonking Out: De-Dollarization Debunked
Asia's growing dollar wariness is hardening up gold
https://asia.nikkei.com/Opinion/Asia-s-growing-dollar-wariness-is-hardening-up-gold
Seizure of central bank reserves, U.S. debt worries drive search for alternatives

Move over, U.S. dollar. China wants to make the yuan the global currency.
https://www.washingtonpost.com/world/2023/05/16/china-yuan-renminbi-us-dollar-currency-trade/

Why China and its trading allies are well placed to topple the dollar

China Takes the Yuan Global in Bid to Repel a Weaponized Dollar
https://www.bloomberg.com/news/articles/2023-05-03/world-s-top-currency-china-takes-yuan-global-in-bid-to-repel-us-dollar-usd
A string of new deals promote the Chinese currency as geopolitical risk spills into international finance