How the US Dollar Can Maintain Its Global Supremacy
The US dollar is facing its toughest test lately as de-dollarization is advancing around the globe. Several alliances are rewriting trade deals to settle cross-border transactions in local currencies and not the US dollar. Emerging economies are looking to uproot America’s dominance in the world’s financial structure. Also Read: US Dollar Plummets, Bessent Claims US ‘Will Never Default’ While the US dollar is still the dominant currency, the threat to its hegemony is real and must not be taken for granted. Nipping the de-dollarization agenda in the bud could make America’s authority continue well into the next decade. The White House must take these necessary steps to maintain the US dollar’s global supremacy. What Should the US Dollar Do to Maintain Its Global Supremacy? Source: Freepik.com First and foremost, the White House and the Feds must forget foreign countries and focus on maintaining macroeconomic stability in the homeland. This means that they need to ...