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We discuss this new term “dedollarization” that had been popping up in media. How does money drive global politics and vice versa and how global force are now challenging the status quo of since the fall of the Berlin Wall.
Cover image: stablediffusion
Show Notes: Dedollarization
How many countries are talking about dedollarization?
â https://foreignpolicy.com/2023/04/24/brics-currency-end-dollar-dominance-united-states-russia-china/â
What is dedollarization?
Who is talking about it and what are they saying?
Why are some countries excited about it? Punitive US sanctions programs.
How is this related to crypto and bitcoin?
How is this related to access to finance?
Is it likely to succeed?
What are going to be the impact?
Situation Jan 2023 - â https://www.bloomberg.com/opinion/articles/2023-01-26/the-dollar-will-vanquish-pretenders-to-its-throne#xj4y7vzkg?leadSource=uverify wallâ
â https://www.omfif.org/2023/01/central-banks-are-reassessing-foreign-exchange-reserves/â
Brazil and China agree to settle in yuan â https://www.scmp.com/economy/china-economy/article/3215857/chinas-yuan-makes-brazilian-inroads-de-dollarisation-reflects-cracks-us-currency-settlementsâ
â https://www.washingtonpost.com/opinions/2023/03/24/us-dollar-strength-russia-china/â
â https://markets.businessinsider.com/news/currencies/dollar-dominance-dedollarization-china-yuan-trade-russia-sanctions-ray-dalio-2023-4â
â https://www.economist.com/leaders/2023/04/27/the-power-and-the-limits-of-the-american-dollarâ
How USD became global reserve currency - Bretton Woods Agreement - â https://www.investopedia.com/articles/forex-currencies/092316/how-us-dollar-became-worlds-reserve-currency.aspâ
â https://www.bloomberg.com/news/articles/2023-04-18/de-dollarization-is-happening-at-a-stunning-pace-jen-says?leadSource=uverify wallâ
Google Trends: â https://trends.google.com/trends/explore?date=all&q=dedollarization,petro-yuan,petrodollar&hl=enâ
Russia selects list of countries to trade in rouble: â https://www.dhakatribune.com/bangladesh/foreign-affairs/326130/bangladesh-among-30-countries-approved-to-trade-in