Article 6YP4T Trust in the US is eroding. Now the question isn’t if the dollar will lose supremacy: it’s when | Kenneth Mohammed

Trust in the US is eroding. Now the question isn’t if the dollar will lose supremacy: it’s when | Kenneth Mohammed

by
Kenneth Mohammed
from on (#6YP4T)

De-dollarisation is not a threat to global stability. Countries are simply questioning the rules of a game long rigged in Washington's favour

For more than eight decades, the US dollar has reigned supreme as the world's reserve currency - a position cemented at the Bretton Woods Conference in 1944 and reinforced by America's postwar industrial power and military dominance.

Today, that supremacy is facing growing resistance from multiple directions - from African revolutionary movements to economic recalibrations in Europe, and from the counterbalance efforts of Brics nations to the geopolitical entanglements of Ukraine and Israel.

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