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Should the world ditch the “mighty” US dollar?

Tried and trusted?: The American dollars has dominated global trade and reserves for decades PIC: FINEARTAMERICA.COM
Tried and trusted?: The American dollars has dominated global trade and reserves for decades PIC: FINEARTAMERICA.COM

More countries are agitating for a move away from the US dollar as the global reserve currency and the pillar of international trade.

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.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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