ISMAIL LAGARDIEN: The world pays for the dollar in more ways than one
The US has been the key currency country that has held together the global financial system
04 December 2024 - 05:00
US president-elect Donald Trump has warned that countries that opt out of the dollar system of exchange will face the wrath of his government.
This statement, with attendant warnings of sanction, should not be taken lightly for its short-term implications. However, it fits neatly into the passage of “the rise and fall of the dollar and the future of the international monetary system”, that has been heavily studied over the past two decades or more. ..
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