What OPEC's Surprise Oil Production Cuts Have to Do With De-Dollarization
The Breakdown
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The De-Dollarization of the Dollar
Dollar 80.42%, Yuan 5.37%, up from 0% prior to 2018, euro 4.74%. Brazil also doubled their gold reserves in 2021. O'Brien responded with a question, so is de-dollarization truly happening, or is this a flash in the pan? Lynn responded to that, everything is on the margin. It doesn't have to be a major thing to seriously undermine roles of the dollar, including things like sanctions effectiveness.
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