TRT World Roundtable

IS THE ERA OF THE DOLLAR COMING TO AN END?

Has the dollar reached its sell-by date? Has its role as the world’s premier reserve currency been diminished by Donald Trump? Or is any reduced dependence on the greenback just a natural progression? The dollar has been the currency of choice for foreign exchange reserves and bilateral trade for more than 70 years. But are countries decreasing their reliance on it? Some economists believe America’s increasing isolation is contributing to the dollar falling out of favour. Others say China’s growing world dominance could even see the yuan take over.

Participants: Yu Jie (Head of China Foresight at the London School of Economics), Sandy Brian Hager (City, University of London), Tor Abrams (Analyst for The Market Mogul), Damian Sweeney (founder of The Pure Asset Co. Ltd) [November 20, 2017]