De-dollarisation could take decades, if currency transitions in the past are any indication. Photo: Reuters
Philip Saunders
Opinion

Opinion

Macroscope by Philip Saunders

Amid a shift away from the US dollar, how long before China’s yuan is a real challenger in a multipolar world?

  • A new monetary order is emerging as America’s global influence declines, and nations increasingly seek out other currencies amid worries about US deficits
  • And while the dollar will remain important for many years, the consequences of a long-term decline should not be overlooked as China rises

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De-dollarisation could take decades, if currency transitions in the past are any indication. Photo: Reuters
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