Always a hot topic, the ‘de-dollarization’ discussion, as this piece says that occurs “mainly on social media platforms”. And that’s its “feisty”. It sure is, the USD dominance upsets a lot of people. Such as the crypto folks, the PRC, Russia, Iran and North Korea. And now some of the ‘Gloabl south’, whatever that is.
This article is an extended piece and you might find it interesting:
- most of what passes for economic and financial insight in the discussion about de-dollarisation is misinformed or misunderstood, and even sometimes self-serving. The US dollar’s role in the global system cannot be changed like one might a pair of shoes or a car.
This article was written by Eamonn Sheridan at www.forexlive.com.
