de-dollarization
Abandoning greenback dominance
De-dollarization is the process of reducing reliance on the US dollar in international trade, foreign reserves, or financial transactions.
Countries may pursue de-dollarization to decrease vulnerability to American economic policy or sanctions: Russia and China have accelerated de-dollarization efforts.
The term appears frequently in discussions of shifting global economic power.
Emerging market coalition
- sanctionsPunitive international restrictions
- hegemonyDominant group's control
- multipolarHaving numerous poles
- sovereigntySupreme independent authority
petrodollar · reserve currency · yuan · ruble · rupee · real · bilateral trade · economic independence
Stored precious metal assets
- central bankNational currency management institution
- foreign exchangeTrading between national currencies
- treasury bondsGovernment-issued debt securities
- digital currencyCurrency stored electronically
SDR · euro · monetary policy · capital flows · liquidity · denomination · invoicing · asset allocation
Contracts between two nations
- oil tradingCommerce in crude commodities
- barterDirect goods-for-goods exchange
- import-exportInternational goods commerce
- regional blocsGeographic clusters of nations
ASEAN · trade surplus · resource extraction · manufacturing hubs
State-issued unbacked tender
- IMFGlobal economic assistance organization
- World BankGlobal development finance institution
- financial sanctionsPunitive limits on transactions
- systemic riskEconomy-wide collapse potential
BRICS
Emerging market coalition
- sanctionsPunitive international restrictions
- hegemonyDominant group's control
- multipolarHaving numerous poles
sovereignty · petrodollar · reserve currency · yuan · ruble · rupee · real · bilateral trade · economic independence · Global South
gold reserves
Stored precious metal assets
- central bankNational currency management institution
- foreign exchangeTrading between national currencies
- treasury bondsGovernment-issued debt securities
digital currency · SDR · euro · monetary policy · capital flows · liquidity · denomination · invoicing · asset allocation
bilateral agreements
Contracts between two nations
- oil tradingCommerce in crude commodities
- barterDirect goods-for-goods exchange
- import-exportInternational goods commerce
regional blocs · ASEAN · trade surplus · resource extraction · manufacturing hubs
fiat currency
State-issued unbacked tender
- IMFGlobal economic assistance organization
- World BankGlobal development finance institution
- financial sanctionsPunitive limits on transactions