SIYABONGA HADEBE: Overcoming teething problems on the journey towards dedollarisation
The moves away from US financial hegemony will not be without challenges
23 June 2023 - 05:00
The global push to reduce global reliance on the US dollar has reached remarkable levels, with both major players such as China and the Brics bloc, and smaller ones such as Kenya, actively seeking alternatives.
Kenyan President William Ruto recently made a powerful statement during an address to the Djibouti parliament, urging African countries to abandon the greenback for trade within the continent. He stressed that the move is not intended to confront the US, but rather to promote more inclusive and open trade. ..
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