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