Why are there more countries trading in currencies other than the dollar now?

08/05/2023 55 min Episodio 217
Why are there more countries trading in currencies other than the dollar now?

Listen "Why are there more countries trading in currencies other than the dollar now? "

Episode Synopsis

The list of countries trading in currencies other than the dollar is growing by the day. According to Reuters, China is now trading less than half of its global trade in dollars. Bengal is beginning to trade with India in local currencies and the list has grown to include more nations than you might expect. But why? And what does this mean for American financial hegemony? We make the complex easier to understand, by taking a peek into the today’s most important trends. Hosted on Acast. See acast.com/privacy for more information.