Sunday, 14 May 2023 23:02
Is dedollarisation a chimaera or is it real? (II)
Central Bank Digital Currencies are coming, and even if they initially will be used only domestically, they are bound to start playing a role in international payments too. This will diminish the need for US dollars in international trade and hence also lessen the US control with the international payment system. No surprise that the US is not at all enthusiastic about this development.