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De-dollarization risks are on the rise, but rising alternative transaction networks won’t be the basis of a major decline in the use of the US currency, the Official Monetary and Financial Institutions Forum said.

According to commentary published Thursday, obstacles are already afflicting new regional payment systems, even as de-dollarization rhetoric creeps up.

“For instance, regional payments continue to suffer from weak implementation, infrastructure and complex geopolitical obstacles among participatory economies,” senior economist Julian Jacobs wrote. “This is why the emergence of the technological capacity to drive de-dollarisation does not necessarily mean de-dollarisation will occur.”

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