De-dollarization has real currency in 2023. It looks likely to dominate the agenda at the BRICS Leaders’ Summit in late August. From those looking to hedge their options to those who believe fiat currencies have had their day, countries are exploring alternatives to the greenback. There will be no sudden departure from the world’s reserve currency—the dollar is too deeply embedded at the heart of the global economy for that to happen—but is the writing on the wall? Our Primer has all you need to know about de-dollarization in two minutes or less.
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