Scenarios about 'de-dollarization'
The process by which countries reduce their dependency on the United States dollar as the global reserve currency for international trade and financial reserves. De-dollarization efforts typically involve nations establishing alternative payment systems, conducting bilateral trade in local currencies, and diversifying central bank reserves into other currencies or gold. This economic strategy reflects geopolitical tensions, desires for financial sovereignty, and attempts to mitigate exposure to U.S. monetary policy and sanctions.
What If India's Digital Rupee Replaced the Dollar in Asian Trade?
Exploring how global financial systems and geopolitical power would transform if India successfully launched a digital currency that became the dominant medium of exchange across Asia, challenging the US dollar's seven-decade hegemony.