Global Markets
De-dollarization: Why Countries Want Off the Dollar and Why They Mostly Can't
De-dollarization, a decline in the U.S. dollar's global use, is driven by geopolitical sanctions and economic policy spillovers. However, powerful structural constraints like market liquidity and institutional inertia ensure the dollar's dominance remains entrenched, leading to gradual diversification rather than an imminent collapse.
Arthur Sterling·October 20, 2026
