DEBATING THE DOLLAR: WHO WANTS IT, WHO DOESN’T, AND WHAT COMES NEXT - Many countries around the world are reportedly pursuing efforts to “de-dollarize” and some have argued for a new financial architecture that bypasses or replaces the US & dollar-led system. China is particularly interested in enhancing the use of their own currency for international trade and finance. While the dollar remains strongly entrenched as the world’s reserve currency, it is clear the international role of the dollar faces several challenges over the next decade.
Are sanctions actually playing a role in the de-dollarization effort? What’s actually happening inside the BRICS? How might financial technology impact the role of the dollar? To help inform this debate our research team is launching the new Dollar Dominance Monitor which will leverage data visualization to overview BRICS-members’ efforts to de-dollarize, the impact on the dollar’s international role, and the rise of competitor currencies.
Join us as we launch this new research and host three conversations on key flash points in the dollar debate 1) Russia’s reserves 2) The motivation of the BRICS and 3) The rise of CBDCs. This special event will mark three years since the launch of the GeoEconomics Center at the Atlantic Council.
ORIGINAL AIRDATE: 12/12/23