Dollar system faces crisis of confidence as global asset re-allocation accelerates 'de-dollarization' - news.cgtn.com
Dollar system faces crisis of confidence as global asset re-allocation accelerates 'de-dollarization' - news.cgtn.com
Source: news.cgtn.com
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DW NOTE
CGTN runs a structural de-dollarization piece while the dollar's share of global reserves hit 57.13% in Q1 2026 — up from 56% — and the Hormuz closure has oil priced in dollars at $91.48, not yuan. The "crisis of confidence" they describe shows up in markets as U.S. equities up 18.7% year-over-year and foreign central banks holding more dollars than before the blockade. If this is asset re-allocation, it's re-allocating toward the thing Beijing says is collapsing.