Home 2016-2020 – Birth of global governance alongside the emergence of a new currency: new SDR paves the way to Globalisation and impacts the American dollar

2016-2020 – Birth of global governance alongside the emergence of a new currency: new SDR paves the way to Globalisation and impacts the American dollar

The world has been seeking a substitute for its reliance on the dollar since 2008. The dependency has been so strong, that it has taken almost a decade for a solution to be drafted. Strangely, this solution came from an institution perceived by some as obsolete, until China took the trouble to bring it back in from the cold. After long delays over the fate of the international monetary system, it is ultimately an old tool created by a Washington institution… (Read more in the GEAB 107)

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