American Enterprise Institute on Nostr: nostr:note1qdeqdpn4uar4d3ejs968msyn0cx0tx0drgls4nmd5ry4dz0gaw0s7wjwwq

quoting note1qde…jwwq

The US Dollar's Dominance at Risk: Challenges and Potential Alternatives
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#de4497e8 ver:0.24

The US dollar's dominance as a global reserve currency is at risk due to de-dollarization efforts by countries like China and Russia. The BRICS nations are planning to launch a rival gold-backed currency, while over 130 central banks are developing their own digital currencies. However, the dollar's position remains strong for now, supported by the size of the US economy and deep financial markets. Bangladesh, facing falling foreign exchange reserves, should consider alternative assets like gold and regional currencies. The dollar's dominance provides benefits to the US but can disadvantage manufacturing. Poor fiscal policies and erosion of the rule of law pose the biggest threat to its dominance. #USD #deDollarization #BRICS #digitalcurrency...

#newstr #UsDollar #GlobalCurrency #Economy #FinancialMarkets #Treasuries #Inertia #Competitors #Cryptocurrencies #StableCoins #Ecny #Benefits #Devaluation #Manufacturing #FiscalPolicies #Dollarization

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