"The United States is now facing quite a revolt against its financial hegemony," said Gal Luft, De-dollarization co-author at the launch of the book at the International Monetary Institute in Beijing. "The momentum of de-dollarization has been building up for quite a long time and has recently accelerated," he said.
Thomas Mayer former chief economist of Deutsche Bank proposes in FT that Europe create a bloackchain backed digital euro. "Digitalization offers a way to reduce the debt of the eurozone states and t
Russia is continuing its policy of abandoning the dollar and transferring its assets into other currencies. Last month, Russia reportedly lost $7.7 billion in foreign exchange reserves after it decide