Africa: Dethroning the Dollar - - Will China Lead the Charge?

[Daily Maverick] The US dollar has dominated financial markets in the post-war period, but countries across the globe are increasingly taking steps to reduce dollar use in trade and finance. The consensus among most market participants is that any shift in the monetary order away from the dollar will happen gradually and take decades. After six of the past seven years in which the dollar has risen against other currencies, that may be understandable. But in our view, several factors point to de-dollarisation gathering pace

from AllAfrica News: Africa
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