From petrodollar to petroyuan?

In this engaging discussion, Max Castelli, head of strategy for sovereign institutions at UBS Asset Management, delves into the evolving role of the U.S. dollar against a backdrop of potential dedollarisation. He highlights Saudi Arabia’s notable decision to join the mBridge multi-currency CBDC platform, exploring the implications for the dollar's future and the competition posed by emerging currencies like the RMB. Castelli analyzes the risks to dollar supremacy amid global geopolitical shifts and innovations in financial systems.