Will dollar dominance give way to a multipolar system of currencies?
Recent trends suggest the yuan will not gain much | Finance & economics
Source: economist.com
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Why paying in roubles for Russian gas and oil might matter
In response to sanctions imposed on Russia following the invasion of Ukraine, President Putin recently announced that ‘unfriendly’ countries would have to pay for Russian gas (and perhaps oil in the future) in roubles. This column discusses the possible reasons for the announcement and the potential economic and financial implications if Putin were to follow through on it.
Source: voxeu.org
The US dollar's dominance is being stealthily eroded
As central banks turn to nontraditional currencies, including the renminbi, to diversify their holdings.
Source: moneyweb.co.za
Greenback's dominance is being stealthily eroded in past 20 years'
The dollar’s share of global reserve currencies has been in steady decline over the past 20 years as central banks turn to nontraditional currencies, including the renminbi, to diversify their holdings. Reserve managers have moved out of dollars in two directions, with one quarter headed into the renminbi and three…
Source: businessmirror.com.ph
Can foreign-currency reserves be sanction-proofed?
The war will be as formative for reserve managers as the Asian financial crisis was | Finance & economics
Source: economist.com