Should the world ditch the “mighty” US dollar?
Wednesday, September 06, 2023 | 300 Views |
Tried and trusted?: The American dollars has dominated global trade and reserves for decades PIC: FINEARTAMERICA.COM
They say when America sneezes, the whole world catches a cold. Increasingly these days, there are efforts by many countries to ensure that the US’ cold remains within its borders.
The stranglehold of the dollar on international trade is facing a stiff challenge, as the world stands at a crossroads, one leading to the continued use of the dollar, one to a “trade with what you like” world.
Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...