mmegi

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
Ruling party should tread carefully on cadre deployment

But on the particularly sensitive question of cadre deployment, the BNF must tread very carefully.The issue deserves robust debate, not ideological enthusiasm. Recent public comments from the BNF leadership are reassuring: the party has said that government positions should be based on merit and competence rather than party membership, and that it does not have a specific cadre-deployment policy.That principle should remain firmly at the centre...

Have a Story? Send Us a tip
arrow up