Economist Barry Eichengreen discusses potential de-dollarisation

Economist Barry Eichengreen suggests that a genuine structural shift regarding the dominance of the US dollar may be underway. While skepticism toward the dollar has existed for a long time, current discussions are driven by new factors.

Key concerns include the sustainability of high levels of US public debt and the potential implications for the stability of the dollar and the value of US Treasury securities held by foreign central banks. The discussion also touches upon the requirements for the Chinese yuan to close the gap in the international monetary system.