How Trump's Tariff Threat Is A War Call To Save The Dollar | MINT Explains | De-Dollarisation
De-Dollarisation | Trump on De-Dollarisation | De-Dollarisation in USA
Dollar became the international currency post the Bretton woods agreement after the WW2. Till 1971, dollar was the international currency, but was backed by a tangible asset called Gold. But not anymore. What has irked the global financial community is not only the dollar not being backed by a tangible asset since then, but consistent devaluing of the currency and pushing the debt ceiling.
The trend 'de-dollarisation' refers to the process by which countries aim to reduce their reliance on the US dollar as the dominant global currency. Therefore, Maintaining the dollar’s dominance is a central issue for Trump.
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