End of the US dollar as you know it

• The end of the US dollar as you know it is not happening, but its dominance as an intermediary currency is being threatened by the increasing use of alternative currencies, such as the Chinese renminbi, in international trade.
• Standard Bank has cleared R20 billion worth of transactions through China's Cross-Border Interbank Payment System (CIPS), expanding its service to five African countries and enabling businesses to trade directly with Chinese suppliers or customers without using the US dollar.
• This development could lead to a shift in global trade dynamics, with businesses and investors seeking alternatives to the US dollar, and may have implications for the dollar's status as the global reserve currency, although it is unlikely to disappear completely.