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Why are countries moving towards de-Dollarization?

We are seeing a global shift, as countries look for alternatives to the Greenback as the sole reserve currency — for various reasons

Faisal Khan's avatar
Faisal Khan
Mar 28, 2023
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Let’s look at the historical perspective first. The US dollar has been the dominant currency in global trade and finance for decades, and its status as the world’s reserve currency has given the United States significant economic and geopolitical power. The dollar’s dominance has been driven by a number of historical factors, including the US’s position as the world’s largest economy, the strength and stability of the US financial system, and the country’s political and military power.

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