Entering 2023, a growing number of countries have stepped up their push to reduce reliance on the U.S. dollar. Is the Greenback not reliable anymore? What plans have been drafted so far? CGTN's Facts Tell talked with Anton Fedyashin, director of the Carmel Institute and associate professor at American University, to explore why the buck's supremacy in global trade is facing challenges.
CHAPTER:
00:00 Intro
00:22 Who's on the "anti-dollar" bandwagon?
03:43 Does today's world need a currency to be more superior?
06:39 The dollar as a bludgeon of foreign policy?
09:56 The cycle of currency change is "very common in history"
12:12 Outro
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