Originally Published in Madras Courier
Editorial Note
De-dollarisation will be driven by technology & necessity.
De-dollarisation — a sharp decline in the use of the US dollar in global trade and financial transactions — could significantly reduce the demand for the greenback in national, institutional and corporate investments in international capital markets. To contextualise this trend, a historical analysis of the rise of the US dollar in the last hundred years and its global ramifications is warranted.