Tag: Dollar

Consequences of Elimination of USD from China Commodity Exchange

Strategic Council Online: The removal of the US dollar from trading on the China Commodity Exchange, given its significant contribution to the financing of European, Latin American and even African goods, means that global demand for the USD will decline. A drop in global demand for the USD would weaken the value of the currency and further destabilize its position as the dominant international currency.
Reza Majidzadeh – Developmental Political Economy Researcher

USD’s Declining Supremacy over Global Economy

Strategic Council Online: As international economic observers and analysts expected, the joint meeting of world central bank governors held in New York was more newsworthy than the previous years.
Central Bank of England Governor’s remarks that the world should end its risky reliance on the dollar became the most controversial position taken by a senior economic official at the summit.
Hamideh Safamanesh – International Relations Researcher

De-Dollarization: China-Russia Strategy to Counter US Political Blackmail

Strategic Council Online: The trade war between China and the United States has been turned into a full-fledged dispute over the past several months; in recent weeks, the two sides have done everything in their power to push through the trenches to advance in this economic war.
Hamideh Safamanesh -International Relations Researcher