Stay updated with breaking news from De Dollarization. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
China has begun to conduct cross-border crude oil settlements in digital yuan. The China National Petroleum Corporation (CNPC) has recently bought 1 million barrels of crude oil using the nation's digital currency, according to the Chinese press.
China's holdings of US bonds have hit a 14-year low - but that doesn't necessarily mean Beijing is deliberately shifting away from dollar assets, according to Lloyds Banking Group strategists.
On Argentina's forex black market, the dollar recently topped 1,000 pesos for the first time. The unofficial exchange rate is up almost 60,000% since 2002.
Traders are shorting the Israeli currency, which has fallen nearly 5% against the US dollar since Hamas forces attacked on October 7.
Egypt issued three-year panda bonds worth 3.5 billion yuan, or about $479 million, marking another shift from global reliance on the US dollar.