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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

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.

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Should the world ditch the “mighty” US dollar?

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