Understanding De-Dollarization
De-dollarization is a multifaceted phenomenon characterized by a decrease in the use of the USD as a medium of exchange, unit of account, and store of value in international transactions
De-dollarization is a multifaceted phenomenon characterized by a decrease in the use of the USD as a medium of exchange, unit of account, and store of value in international transactions
The history of the USD dates back to the late 18th century when the United States established itself as an independent nation. The Coinage Act of 1792 laid the foundation for the US monetary system, introducing the dollar as the official currency
The Zimbabwean Dollar (ZWD) is the official currency of Zimbabwe, a landlocked country located in Southern Africa
The PCE Price Index is published by the Bureau of Economic Analysis (BEA) on a monthly basis and is considered one of the Federal Reserve’s preferred inflation gauges
Forex traders closely monitor the US PCE Prices Final report as it plays a significant role in shaping market expectations and influencing trading decisions
The Trinidad and Tobago Dollar has a rich history that dates back to its introduction in 1964. Prior to that, the British West Indies dollar was the official currency
The Singapore Dollar (SGD) is the official currency of Singapore, a global financial hub in Southeast Asia. Introduced in 1967, the SGD replaced the Malaysian Dollar and became the sole legal tender in Singapore
The Namibian Dollar (NAD) is the official currency of Namibia, a country located in southwestern Africa. Introduced in 1993, the NAD replaced the South African Rand (ZAR) as the official currency of Namibia
The New Zealand Dollar, denoted by the currency code NZD and the symbol $, has a rich history and plays a significant role in New Zealand’s economy
The TWD, also known as the NT$, is denoted by the currency code TWD and the symbol NT$. It is issued by the Central Bank of the Republic of China (Taiwan) and is widely used for domestic transactions, as well as for international trade and investment