De-Dollarization: Which Currency Will Replace the US Dollar?
The US dollar’s global exceptionalism is under the spotlight as emerging economies are looking to cut ties with the currency. Developing countries want to make the White House a toothless snake with no command over the world’s financial sector. The rise of the de-dollarization agenda is threatening the prospects of the US dollar and its future remains questionable. Also Read: Currency: The US Dollar is Just Tumbling As de-dollarization gains steam, Brookings Institution’s financial strategist Robin Brooks revealed if there’s an alternative to the US dollar. During an interview with CNBC’s Squawk Box Asia, Brooks explained that de-dollarization is a “natural evolution” calling the development “inevitable”. However, he further touched upon the subject of which currency could be the next alternative option to the US dollar after de-dollarization becomes a success. ‘Is there an alternative to the US dollar as the reserve currency...