Business Daily

Is dollar dominance coming to an end?

14 snips
May 13, 2025
The decline in the US dollar's value has sparked intrigue and concern. With tariffs introduced recently, the shifts in currency dynamics are sharp. The discussion covers the potential end of dollar dominance, exploring the rise of alternative currencies. Perspectives from international business leaders shed light on how local currencies are gaining traction. The role of geopolitical changes, alongside the impact of technology and de-dollarization efforts by countries like Russia and China, adds layers to this evolving narrative.
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INSIGHT

Dollar Under Siege Globally

  • The US dollar has been under siege with countries considering leaving it due to tariff policies.
  • The dollar's global dominance is perceived as eroding, raising questions about its future role.
ANECDOTE

Nigerian Business Forex Challenges

  • Nigerian business struggles due to dollar reliance for imports, facing forex fluctuations.
  • Constant monitoring and forex sourcing consume time and impact financial planning.
INSIGHT

BRICS Advocates De-dollarization

  • BRICS countries are actively discussing reducing dollar dependency.
  • They advocate for using local currencies to boost economic sovereignty and reduce reliance.
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