SIGNS OF DE DOLLARIZATION UNFOLDING JP MORGAN SAID.

" LONDON, June 5 (Reuters) - Signs of de-dollarisation are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan said on Monday, although the currency should maintain its long-held dominance for the foreseeable future.

The impact of steep U.S. interest rate rises and the use of sanctions that have frozen the likes of Russia out of the global banking system are driving the so-called BRICs nations - Brazil, Russia, India, China and South Africa - to challenge the dollar’s hegemony."

Source:

https://www.reuters.com/markets/signs-de-dollarisation-emerge-dollar-top-currency-jpmorgan-2023-06-05/