The US can counter de-dollarization efforts, a think tank expert says.
Currency experts have sounded the alarm on what it could mean for the dollar hegemony in global trade and finance.
To that end, the US should look to prevent counter-coalitions from forming, and do so by seeking out healthy foreign policy and positive trade partnerships, she said.
To prevent the trend from accelerating further, the US should also actively pursue dollar stability through tech-based financial solutions, such as developments in digital payments.
The same argument was posed by two other think tank experts on Monday, who warned that internal US dysfunction was the real threat to the dollar.
Persons:
—, Carla Norrlöf, Norrlöf, it's, dollarization
Organizations:
Service, greenback, Project Syndicate, Atlantic Council
Locations:
Russia, China, Washington