The Dollar Isn't Dying. It's Being Disarmed

Forget de-dollarization

The market has spent years asking what will replace the dollar. That may be the wrong question.

TS Lombard argues that the real BRICS objective is increasingly dollar diversification, not dollar replacement. China, in particular, appears focused on building enough financial autonomy to survive a future US sanctions campaign rather than replacing the dollar with the RMB as the world's reserve currency.