Study on the Trend of De-Dollarization
DOI:
https://doi.org/10.62051/n5wcvq48Keywords:
De-dollarization, Dollar Hegemony, Digital Currency, International Monetary Diversification.Abstract
In recent years, "de-dollarization" has gained momentum globally, with major economies like China, Russia, Germany, the UK, Japan, and Canada implementing policies to reduce reliance on the US dollar. This trend challenges US dollar hegemony and fosters a shift toward a new world monetary order. This paper examines the "de-dollarization" trend, recognizing it as a persistent long-term phenomenon. While the US dollar's dominance may persist in the short term, its influence within the international monetary system continues to wane. Looking ahead, the trend toward diversification in international currencies will intensify, shaping a more varied global monetary landscape
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