Iran Says Move Away From the Dollar Is 'Not a Voluntary Choice'
"De-dollarization is not a voluntary choice by countries anymore," Iran's first vice president said on Tuesday.
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"De-dollarization is not a voluntary choice by countries anymore," Iran's first vice president said on Tuesday.
Efforts to challenge the US dollar have mostly gone nowhere, experts say, and plans for alternate reserve currencies haven't panned out.
The yen rose after the Bank of Japan unexpectedly adjusted controls on 10-year government bond yields, which could let long-term interest rates rise.
"The dollar could rise again" in 2023 if energy prices keep rising and investors flock back to the safe haven, one strategist told Insider.
Japan has been offloading its dollars and buying the yen in a bid to stabilize the struggling currency, which has tumbled 27% against the greenback this year.