(“gradual Archives - Citizen Watch Report

If Gulf states begin diversifying away from dollar settlement in energy trade, it would represent a gradual structural shift in how the global oil system interfaces with US financial power

March 31, 2026 8:56 pmMarch 31, 2026 11:55 am

This is the end of the petrodollar The deal was that the US would provide the GCC ruling families with military support. In exchange, the ruling families promised to sell their oil in USD and recycle their vast surpluses into US assets. This was crucial for the US, as it had just defaulted on the …

Putin predicts ‘gradual collapse’ of dollar-based financial system

October 6, 2023 9:47 am

The Bretton Woods system is not working and has to be changed, according to the Russian president The dollar-based global financial system is not balanced as it does not meet the interests of all countries, Russian President Vladimir Putin said on Thursday at the plenary session of the Valdai Discussion Club. According to Putin, the …

Treasury Secretary Janet Yellen says to expect a gradual decline in the dollar’s share of global reserves, but greenback remains dominant (“Gradual decline” is a whopper right up there with “inflation is transitory”)

June 14, 2023 8:20 am

via businessinsider: The US should expect the dollar’s share of global reserves to slowly decline, but no alternatives exist that could completely displace the greenback, Treasury Secretary Janet Yellen said on Tuesday. Her comments came during a Housing Financial Services Committee in response questions about the risk of de-dollarization. Asked by Rep. Warren Davidson, R-Ohio, …