De-dollarisation is not a threat to global stability. Countries are simply questioning the rules of a game long rigged in Washington’s favour
For more than eight decades, the US dollar has reigned supreme as the world’s reserve currency – a position cemented at the Bretton Woods Conference in 1944 and reinforced by America’s postwar industrial power and military dominance.
Today, that supremacy is facing growing resistance from multiple directions – from African revolutionary movements to economic recalibrations in Europe, and from the counterbalance efforts of Brics nations to the geopolitical entanglements of Ukraine and Israel.
Continue reading…De-dollarisation is not a threat to global stability. Countries are simply questioning the rules of a game long rigged in Washington’s favourFor more than eight decades, the US dollar has reigned supreme as the world’s reserve currency – a position cemented at the Bretton Woods Conference in 1944 and reinforced by America’s postwar industrial power and military dominance.Today, that supremacy is facing growing resistance from multiple directions – from African revolutionary movements to economic recalibrations in Europe, and from the counterbalance efforts of Brics nations to the geopolitical entanglements of Ukraine and Israel. Continue reading…
