Post
Topic
Board Economics
Re: De-dollarization: Hype or real shift in the global financial system?
by
kotajikikox
on 11/06/2025, 11:01:22 UTC
At least there's yet no obvious replacement. Even the euro faces internal political challenges, the yuan is not completely convertible and cryptocurrencies are very volatile and lightly controlled for major state use. In oil business too, where plans to use other currencies get headlines, the USD still dominates because it's stable and internationally approved.
The reasons mentioned are correct. There have been many discussions about USD being replaced but the thing is that there has not been yet a clear replacement that meets all the requirements. Though probably the closest challenger would be the euro.
Quote
To conclude, de-dollarization isn't a fairytale— but also isn't a revolution either. It's more of a slow shift at the lines, not a sudden upheaval. The dollar dominance can gradually erode, but for now, there's no serious opponent ready to take its position

What is your view?
USD still maintains its dominance but if cards aren't played right then USD can face some serious challenges but you are right to say it will not be so soon.