Source:
By Mark O'Byrne March 9, 2015
- Dollar has declined as reserve currency over past decade from 70% of global reserves to 61%
- Chinese yuan is growing in stature as international currency
- IMF deputy director calls for de-dollarization in emerging markets
- Many countries have begun de-dollarizing
- BRICS development bank – rivaling the IMF and World Bank – is now operational
Currency wars and the growing trend away from dollar dominance in international finance, particularly in emerging markets, was highlighted in an interesting CNBC article this morning entitled “
Is the Dollar Losing its Clout Among EMs?”
It refers to the deliberate and stated policy of “de-dollarisation” around the world, the decline in the use of the dollar in international trade and as a reserve currency and the emergence of the new BRICS bank.
The article quotes best-selling author and Pentagon insider, Jim Rickards. Rickards says that the status of the dollar as a reserve currency is still solid despite its decline over the past decade and despite the rise of other currencies in international transactions.
“The dollar is declining as a trade currency, but it remains strong as a reserve currency. Right now, it’s around 61 percent of global reserves, versus 70 percent over a decade ago” he said.
Meanwhile, figures from the BIS and SWIFT show that the yuan is now among the top ten traded currencies in the world. While this is significant it should be seen in the context that the dollar still being used in 80% of global trade.
Movie ends at 38 minute marker without summary comments or link to resources as Movie maker Jeff Hayes promise in the introduction, however you get the idea... 
