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Are The Dollar's Global Currency Days Numbered?

Many countries agree that the U.S. politicizes the dollar by punishing nations who don't abide by U.S. sanctions. With this American approach comes isolation, and the risk of the dollar being replaced as global currency.

The first steps toward the beginning of the end of the dollar's hegemony could begin at the next G20 summit.
The first steps toward the beginning of the end of the dollar's hegemony could begin at the next G20 summit.
Santiago Villa

-Analysis-

BOGOTA — It's not going to happen tomorrow, in a year or even five years. But it's conceivable, even likely, that within ten years, the U.S. dollar will cease to become the reference currency for international transactions. The reason for this is that the U.S. government and American judges have politicized the dollar to an extreme in a world where the country backing it is no longer as dominant as it once was.

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Two Ukrainian soldiers at a military base on the outskirts of the separatist region of Donetsk

Lisa Berdet, Lila Paulou, Anne-Sophie Goninet and Bertrand Hauger

👋 Halito!*

Welcome to Wednesday, where the first war crimes trial against a Russian soldier since Moscow’s invasion of Ukraine gets underway in Kyiv, Kim Jong-un slams North Korean officials’ response to the coronavirus outbreak and Mexico’s National Registry of Missing People reaches a grim milestone. Meanwhile, Ukrainian news outlet Livy Bereg looks at the rise of ethnic separatism across Russia’s federal regions.

[*Choctaw, Native American]

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