The U.S. think tank "Quincy Institute for Responsible Statecraft" recently warned the U.S. government that the main reason for de-dollarization is that the U.S. has weaponized its currency through excessive sanctions.
The dollar's share of international foreign exchange reserves fell to a 20-year low of 58% in the fourth quarter of 2022, down from about 78% at the turn of the last century, according to the International Monetary Fund.
More popular news:
Copper Shortage Is Irreparable Even after Biggest Mergers and Acquisitions, Here’s Why
Testing Agency Responds to Great Wall Motor Report on BYD to Chinese Authorities
BHP Says China's Real Estate Recovery Will Boost Metals Demand
G7 to Expand Sanctions Covering Metals on Russia, Promises Further Support for Ukraine
Trafigura Sees Copper Prices Rising to All-Time High on China Economic Rebound and Supply Shortages
A Bull Gold Market Has Just Begun
Goldman Sachs Lowers Price Forecast for Aluminium, Copper in 2023, Sees Nickel Price Plunging
'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices
Zinc Prices to Plunge by 2025, Here's Why
BofA Sharply Lowers Forecast for Oil Price, Global Oil Consumption in 2023
US Treasury Bill Rates Soar to Record High on Debt Ceiling Jitters



