De-Dollarization is now a fact of life. Is it good or bad? Can it, or should it, be reversed? How? These are the subjects of today's session of Friday Questions.
April 13—The elected leader of a very large country with a lot of resources posed a simple question today: “Every night I ask myself why all countries have to base their trade on the dollar. Why can’t we do trade based on our own currencies? Who was it that decided that the dollar was the currency after the [1971] disappearance of the gold standard?”
