Posted 12/26/2023, 5:14:12 PM
Over 130 Nations Making Moves Toward Digital Currencies, Raising Questions Over Future of Dollar Dominance
- 130 nations are moving toward adopting Central Bank Digital Currencies (CBDCs), which could threaten the dominance of the US dollar
- The BRICS countries are planning to launch their own digital currency, adding further pressure against the dollar
- 41% of Central Banks expect to have a fully operational CBDC by 2028
- Over 11 countries have already launched CBDC pilots, including a successful digital yuan rollout in China
- 2024 is seen as an important year for the future of the dollar, as de-dollarization efforts gain steam globally