What happens when there’s a reduced reliance on the US dollar in international trade, finance and business as a reserve currency, unit of account and medium of exchange? This is de-dollarization. It may be that BRICS (Brazil, Russia, India, China and South Africa) are developing a new currency to compete with USD, with Moscow and Beijing leading the way towards de-dollarization. Why ditch the dollar? What could this critical transformation imply for the future of investment, financial markets and monetary policy? How could it shape the global economic landscape in the coming years? Is it a time to seize opportunities and mitigate risks? What is the role of the alternative currencies and how can they challenge USD dominance? Speaking of currency, there are also CBDCs (Central Bank Digital Currencies) that are digital forms of fiat currency issued and regulated by a country’s bank. What is the impact they could have on private cryptocurrencies? What could it mean for the future of digital payments? Could their integration into existing financial systems create more confidence than a private cryptocurrency? What’s the kind of impact on the overall crypto landscape? In this episode, Vijayanand Venkataraman, Vatsal Gaur and Ajeet Khurana explore how the dollar became a dominant currency, the future of currency exchange, the impact of technology on the financial industry, the future of money, the role of blockchain and more!
The De-Dollarization Narrative: What’s Different This Time? w/ Vijayanand, Vatsal & Ajeet | RizingTV
By Team Rizing
